Franklin township, New Jersey Median Income

Franklin township, New Jersey has a population of 68,741, with a median household income of $148,228.

Current median income data for Franklin township.

$148,228

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Population

68,741

💰

Median Income

$148,228

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Unemployment

1.90%

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Housing Price

$621,771

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Crime Rate

0.30

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Internet Speed

292.60 Mbps

Franklin township is a smaller urban community located in New Jersey. The city has a population that is above the average city population in New Jersey, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in New Jersey, Franklin township provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Franklin township has a population of 68,741, which is higher than the state average. This indicates a relatively larger urban presence within New Jersey.

Income and Economy

The median household income in Franklin township is $148,228, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Franklin township average around $621,771, which is relatively high compared to other cities in New Jersey.

Employment and Safety

The unemployment rate in Franklin township is 1.90%, which is lower than the state average, indicating a relatively strong job market. Franklin township has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in New Jersey, Franklin township shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

As part of New Jersey, Franklin township contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Franklin township

What is the population of Franklin township?

The population of Franklin township is approximately 68,741.

Is Franklin township a good place to live?

Franklin township offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Franklin township?

The median household income in Franklin township is around $148,228.

How expensive is housing in Franklin township?

The average housing price in Franklin township is approximately $621,771.