Franklin, NJPublished Date: December 4, 2024Franklin is located in Somerset County, New Jersey and has a population of 68,219. The poverty rate in Franklin is 6.3% and is lower than the US poverty rate of 11.5%. The U.S. poverty level for a family of four in 2023 is $31,200. The unemployment rate in Franklin is 5.7% while the Somerset County unemployment rate is 5%.
| | Population | |
|---|
| Male | | 48.7% |
| Female | | 51.3% |
| | Median Age (city/county) | |
|---|
| Franklin | | 40.5 |
| Somerset | | 42 |
| | Median Household Income (city/county) | |
|---|
| Franklin | | $111,017 |
| Somerset | | $131,948 |
| | Median Home Value (city/county) | |
|---|
| Franklin | | $402,178 |
| Somerset | | $489,416 |
| | Median Rent (city/county) | |
|---|
| Franklin | | $1,969 |
| Somerset | | $1,846 |
| | Poverty Rate (city/county) | |
|---|
| Franklin | | 6.3% |
| Somerset | | 5.3% |
Races and Ethnicity
▩ White 35.2%
▩ Black or African American 26.6%
▩ Asian 23.1%
▩ Native 0.2%
▩ Pacific 0%
▩ Other 7.2%
▩ Hispanic 16.2%
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