The Borough of Franklin had a population of 4,919 as of July 1, 2019. Franklin ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in New Jersey. See peer rankings below.
The primary coordinate point for Franklin is located at latitude 41.122 and longitude -74.5804 in Sussex County. The formal boundaries for the Borough of Franklin encompass a land area of 4.36 sq. miles and a water area of 0.07 sq. miles. Sussex County is in the Eastern time zone (GMT -5). The elevation is 600 feet.
The Borough of Franklin (GNIS ID: 885224) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
Alternate Unofficial Names for Franklin: Franklin Furnace.
HOUSING AFFORDABILITY INDEX
|Franklin, NJ Housing Affordability Index is 108
State of New Jersey Housing Affordability Index is 91
|The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.|
|Franklin, NJ Wealth Index is 71
State of New Jersey Wealth Index is 148
|The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.|
These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific New Jersey address.
|Population in Households||4,896|
|Population in Familes||4,042|
|Population in Group Qrtrs||23|
|Median Household Income||$62,410|
|Average Household Income||$77,444|
|Per Capita Income||$29,778|
|Total Housing Units||2,109 (100%)|
|Owner Occupied HU||1,262 (59.8%)|
|Renter Occupied HU||629 (29.8%)|
|Vacant Housing Units||218 (10.3%)|
|Median Home Value||$206,250|
|Housing Affordability Index2||108|
|Average Household Size||2.59|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||3.31%|
|Per Capita Income||2.97%|
The table below compares Franklin to the other 545 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 264||52nd|
|Population Density||# 417||24th|
|Diversity Index||# 336||39th|
|Median Household Income||# 437||20th|
|Per Capita Income||# 460||16th|
Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.