Franklin Park, NJ
Demographics And Statistics

Demographics | Cost Of Living
Updated: 2023-12-15

Living In Franklin Park, New Jersey Summary

Life in Franklin Park research summary. HomeSnacks has been using Saturday Night Science to research the quality of life in Franklin Park 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 Park:

  • The population in Franklin Park is 13,425.

  • The median home value in Franklin Park is $358,745.

  • The median income in Franklin Park is $106,330.

  • The cost of living in Franklin Park is 124 which is 1.2x higher than the national average.

  • The median rent in Franklin Park is $2,102.

  • The unemployment rate in Franklin Park is 6.6%.

  • The poverty rate in Franklin Park is 8.9%.

  • The average high in Franklin Park is 62.9° and the average low is 41.6°.

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Franklin Park SnackAbility

7
Overall SnackAbility
Jobs
8/10
Housing
9
Affordability
6
Diversity
10
Safety
N/A
Amenities
9
Education
8.5
Commute
3
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Franklin Park, NJ Cost Of Living

Cost of living in Franklin Park summary. We use data on the cost of living to determine how expensive it is to live in Franklin Park. Real estate prices drive most of the variance in cost of living around New Jersey. Key points include:

  • The cost of living in Franklin Park is 124 with 100 being average.

  • The cost of living in Franklin Park is 1.2x higher than the national average.

  • The median home value in Franklin Park is $358,745.

  • The median income in Franklin Park is $106,330.

124
Franklin Park's Overall Cost Of Living
1.2x
Higher Than The National Average

Cost Of Living In Franklin Park Comparison Table

Living Expense Franklin Park New Jersey National Average
Overall 124 111 100
Services 110 104 100
Groceries 105 104 100
Health 90 95 100
Housing 155 130 100
Transportation 108 106 100
Utilities 108 108 100

Franklin Park, NJ Weather

  • The average high in Franklin Park 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.

StatFranklin Park
Average Annual High62.9
Average Annual Low41.6
Annual Precipitation Days77.5
Average Annual Precipitation48.3
Average Annual Snowfall23.3
62.9°
Average High
77.5°
Days of Rain

Rankings for Franklin Park in New Jersey

Locations Around Franklin Park

Map Of Franklin Park, NJ

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Franklin Park Demographics And Statistics

Population over time in Franklin Park

The current population in Franklin Park is 13,425. The population has increased 6.3% from 2010.

Year Population % Change
2022 13,425 -8.1%
2021 14,612 -3.2%
2020 15,090 -2.4%
2019 15,454 1.4%
2018 15,238 2.9%
2017 14,815 3.6%
2016 14,296 6.7%
2015 13,397 4.5%
2014 12,815 1.5%
2013 12,624 -

Race / Ethnicity in Franklin Park

White
20.5% (2,750)
African American
31.3% (4,201)
American Indian
0.0% (0)
Asian
33.1% (4,449)
Hawaiian
0.0% (0)
Other
0.2% (22)
Two Or More
4.0% (540)
Hispanic
10.9% (1,463)

Franklin Park is:

  • 20.5% White with 2,750 White residents.

  • 31.3% African American with 4,201 African American residents.

  • 0.0% American Indian with 0 American Indian residents.

  • 33.1% Asian with 4,449 Asian residents.

  • 0.0% Hawaiian with 0 Hawaiian residents.

  • 0.2% Other with 22 Other residents.

  • 4.0% Two Or More with 540 Two Or More residents.

  • 10.9% Hispanic with 1,463 Hispanic residents.

Race Franklin Park NJ USA
White 20.5% 53.0% 58.9%
African American 31.3% 12.4% 12.1%
American Indian 0.0% 0.1% 0.6%
Asian 33.1% 9.8% 5.7%
Hawaiian 0.0% 0.0% 0.2%
Other 0.2% 0.7% 0.4%
Two Or More 4.0% 2.8% 3.5%
Hispanic 10.9% 21.2% 18.7%

Gender in Franklin Park

Female
50.8% (6,826)
Male
49.2% (6,599)
  • Franklin Park is 50.8% female with 6,826 female residents.

  • Franklin Park is 49.2% male with 6,599 male residents.

Gender Franklin Park NJ USA
Female 50.8% 50.7% 50.4%
Male 49.2% 49.3% 49.6%

Highest level of educational attainment in Franklin Park for adults over 25

  • 2.0% of adults in Franklin Park completed < 9th grade.

  • 5.0% of adults in Franklin Park completed 9-12th grade.

  • 14.0% of adults in Franklin Park completed high school / ged.

  • 10.0% of adults in Franklin Park completed some college.

  • 10.0% of adults in Franklin Park completed associate's degree.

  • 32.0% of adults in Franklin Park completed bachelor's degree.

  • 22.0% of adults in Franklin Park completed master's degree.

  • 3.0% of adults in Franklin Park completed professional degree.

  • 2.0% of adults in Franklin Park completed doctorate degree.

< 9th Grade
2.0% (268)
9-12th Grade
5.0% (671)
High School / GED
14.0% (1,879)
Some College
10.0% (1,342)
Associate's Degree
10.0% (1,342)
Bachelor's Degree
32.0% (4,296)
Master's Degree
22.0% (2,953)
Professional Degree
3.0% (402)
Doctorate Degree
2.0% (268)
Education Franklin Park NJ USA
< 9th Grade 2.0% 4.0% 4.0%
9-12th Grade 5.0% 5.0% 6.0%
High School / GED 14.0% 26.0% 26.0%
Some College 10.0% 16.0% 20.0%
Associate's Degree 10.0% 7.0% 9.0%
Bachelor's Degree 32.0% 25.0% 21.0%
Master's Degree 22.0% 12.0% 10.0%
Professional Degree 3.0% 3.0% 2.0%
Doctorate Degree 2.0% 2.0% 2.0%

Household Income For Franklin Park, New Jersey

  • 1.0% of households in Franklin Park earn Less than $10,000.

  • 3.4% of households in Franklin Park earn $10,000 to $14,999.

  • 4.5% of households in Franklin Park earn $15,000 to $24,999.

  • 7.6% of households in Franklin Park earn $25,000 to $34,999.

  • 4.9% of households in Franklin Park earn $35,000 to $49,999.

  • 10.3% of households in Franklin Park earn $50,000 to $74,999.

  • 11.9% of households in Franklin Park earn $75,000 to $99,999.

  • 26.8% of households in Franklin Park earn $100,000 to $149,999.

  • 14.7% of households in Franklin Park earn $150,000 to $199,999.

  • 14.8% of households in Franklin Park earn $200,000 or more.

Less than $10,000
1.0% (13,216)
$10,000 to $14,999
3.4% (45,241)
$15,000 to $24,999
4.5% (60,745)
$25,000 to $34,999
7.6% (102,682)
$35,000 to $49,999
4.9% (65,574)
$50,000 to $74,999
10.3% (138,519)
$75,000 to $99,999
11.9% (159,615)
$100,000 to $149,999
26.8% (360,406)
$150,000 to $199,999
14.7% (197,740)
$200,000 or more
14.8% (198,757)
Income Franklin Park NJ USA
Less than $10,000 1.0% 4.1% 4.9%
$10,000 to $14,999 3.4% 3.0% 3.8%
$15,000 to $24,999 4.5% 5.4% 7.0%
$25,000 to $34,999 7.6% 5.7% 7.4%
$35,000 to $49,999 4.9% 8.2% 10.7%
$50,000 to $74,999 10.3% 13.2% 16.1%
$75,000 to $99,999 11.9% 11.6% 12.8%
$100,000 to $149,999 26.8% 18.0% 17.1%
$150,000 to $199,999 14.7% 11.5% 8.8%
$200,000 or more 14.8% 19.2% 11.4%

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