Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 39.8 yrs |
|---|---|
| Avg HH Size | 2.55 |
| Below Poverty | 7.1% ▼ 29% below avg |
| College Grads | 69.3% ▲ 79% above avg |
| Unemployment | 4.8% ≈ Avg |
| No HS Diploma | 162 (2.7%) |
| HS Graduate | 946 (15.6%) |
| Some College | 284 (4.7%) |
| Associates | 463 (7.7%) |
| Bachelors | 589 (9.7%) |
| Graduate Degree | 3,606 (59.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $109,182 ▲ 43% above avg |
|---|---|
| Median Home Value | $279,400 ≈ Avg |
| Home/Income Ratio | 2.6x (nat avg ~3.5x) |
| Median Rent | $2,242/mo |
| Total Housing Units | 3,445 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Franklin Park is a city in New Jersey, located in Somerset County. The city spans 1 ZIP code and is home to approximately 8,873 residents. It is a middle-aged city, with a median age of 39.8 years.
Economically, Franklin Park is a upper-middle-income community. The median household income of $109,182 is above the national average. Approximately 7.1% of residents live below the poverty line. The unemployment rate is 4.8%, near the national average.
The real estate market in Franklin Park is a mid-range housing market. Median home values stand at $279,400, which is near the national average. Renters typically pay around $2,242 per month. Homeownership is high at 67.0%, typical of suburban and family-oriented communities.
The population of Franklin Park is highly educated. 69.3% of adults hold a bachelor's degree or higher — significantly above the national average. The community is racially diverse, with Asian as the largest group at 40.3%.
Franklin Park, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 08823 | 8,873 | $109,182 | $279,400 | $2,242 | 4.8% | 69.3% | 67.0% |