Life in Franklin Center research summary. HomeSnacks has been using Saturday Night Science to research the quality of life in Franklin Center over the past nine years using Census, FBI, Zillow, and other primary data sources. Based on the most recently available data, we found the following about life in Franklin Center:
The population in Franklin Center is 5,583.
The median home value in Franklin Center is $671,628.
The median income in Franklin Center is $132,787.
The cost of living in Franklin Center is 140 which is 1.4x higher than the national average.
The median rent in Franklin Center is $2,625.
The unemployment rate in Franklin Center is 7.6%.
The poverty rate in Franklin Center is 4.1%.
The average high in Franklin Center is 62.9° and the average low is 41.6°.
Cost of living in Franklin Center summary. We use data on the cost of living to determine how expensive it is to live in Franklin Center. Real estate prices drive most of the variance in cost of living around New Jersey. Key points include:
The cost of living in Franklin Center is 140 with 100 being average.
The cost of living in Franklin Center is 1.4x higher than the national average.
The median home value in Franklin Center is $671,628.
The median income in Franklin Center is $132,787.
Living Expense | Franklin Center | New Jersey | National Average | |
---|---|---|---|---|
Overall | 140 | 111 | 100 | |
Services | 110 | 104 | 100 | |
Groceries | 104 | 104 | 100 | |
Health | 90 | 95 | 100 | |
Housing | 225 | 130 | 100 | |
Transportation | 109 | 106 | 100 | |
Utilities | 111 | 108 | 100 |
The average high in Franklin Center is 62.9° and the average low is 41.6°.
There are 77.5 days of precipitation each year.
Expect an average of 48.3 inches of precipitation each year with 23.3 inches of snow.
Stat | Franklin Center |
---|---|
Average Annual High | 62.9 |
Average Annual Low | 41.6 |
Annual Precipitation Days | 77.5 |
Average Annual Precipitation | 48.3 |
Average Annual Snowfall | 23.3 |
The current population in Franklin Center is 5,583. The population has increased 42.4% from 2010.
Year | Population | % Change |
---|---|---|
2022 | 5,583 | 21.0% |
2021 | 4,615 | -6.1% |
2020 | 4,913 | 4.5% |
2019 | 4,701 | 10.0% |
2018 | 4,275 | 1.1% |
2017 | 4,227 | 3.3% |
2016 | 4,092 | 3.6% |
2015 | 3,950 | -5.2% |
2014 | 4,168 | 6.3% |
2013 | 3,921 | - |
44.2% White with 2,470 White residents.
11.8% African American with 659 African American residents.
0.1% American Indian with 7 American Indian residents.
28.7% Asian with 1,603 Asian residents.
0.0% Hawaiian with 0 Hawaiian residents.
2.0% Other with 111 Other residents.
1.0% Two Or More with 54 Two Or More residents.
12.2% Hispanic with 679 Hispanic residents.
Race | Franklin Center | NJ | USA |
---|---|---|---|
White | 44.2% | 53.0% | 58.9% |
African American | 11.8% | 12.4% | 12.1% |
American Indian | 0.1% | 0.1% | 0.6% |
Asian | 28.7% | 9.8% | 5.7% |
Hawaiian | 0.0% | 0.0% | 0.2% |
Other | 2.0% | 0.7% | 0.4% |
Two Or More | 1.0% | 2.8% | 3.5% |
Hispanic | 12.2% | 21.2% | 18.7% |
Franklin Center is 48.7% female with 2,717 female residents.
Franklin Center is 51.3% male with 2,866 male residents.
Gender | Franklin Center | NJ | USA |
---|---|---|---|
Female | 48.7% | 50.7% | 50.4% |
Male | 51.3% | 49.3% | 49.6% |
3.0% of adults in Franklin Center completed < 9th grade.
2.0% of adults in Franklin Center completed 9-12th grade.
11.0% of adults in Franklin Center completed high school / ged.
13.0% of adults in Franklin Center completed some college.
6.0% of adults in Franklin Center completed associate's degree.
34.0% of adults in Franklin Center completed bachelor's degree.
22.0% of adults in Franklin Center completed master's degree.
4.0% of adults in Franklin Center completed professional degree.
5.0% of adults in Franklin Center completed doctorate degree.
Education | Franklin Center | NJ | USA |
---|---|---|---|
< 9th Grade | 3.0% | 4.0% | 4.0% |
9-12th Grade | 2.0% | 5.0% | 6.0% |
High School / GED | 11.0% | 26.0% | 26.0% |
Some College | 13.0% | 16.0% | 20.0% |
Associate's Degree | 6.0% | 7.0% | 9.0% |
Bachelor's Degree | 34.0% | 25.0% | 21.0% |
Master's Degree | 22.0% | 12.0% | 10.0% |
Professional Degree | 4.0% | 3.0% | 2.0% |
Doctorate Degree | 5.0% | 2.0% | 2.0% |
2.8% of households in Franklin Center earn Less than $10,000.
1.0% of households in Franklin Center earn $10,000 to $14,999.
2.7% of households in Franklin Center earn $15,000 to $24,999.
3.0% of households in Franklin Center earn $25,000 to $34,999.
11.3% of households in Franklin Center earn $35,000 to $49,999.
10.1% of households in Franklin Center earn $50,000 to $74,999.
9.8% of households in Franklin Center earn $75,000 to $99,999.
15.1% of households in Franklin Center earn $100,000 to $149,999.
14.5% of households in Franklin Center earn $150,000 to $199,999.
29.8% of households in Franklin Center earn $200,000 or more.
Income | Franklin Center | NJ | USA |
---|---|---|---|
Less than $10,000 | 2.8% | 4.1% | 4.9% |
$10,000 to $14,999 | 1.0% | 3.0% | 3.8% |
$15,000 to $24,999 | 2.7% | 5.4% | 7.0% |
$25,000 to $34,999 | 3.0% | 5.7% | 7.4% |
$35,000 to $49,999 | 11.3% | 8.2% | 10.7% |
$50,000 to $74,999 | 10.1% | 13.2% | 16.1% |
$75,000 to $99,999 | 9.8% | 11.6% | 12.8% |
$100,000 to $149,999 | 15.1% | 18.0% | 17.1% |
$150,000 to $199,999 | 14.5% | 11.5% | 8.8% |
$200,000 or more | 29.8% | 19.2% | 11.4% |