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The Borough of Franklin had a population of 4,759 as of July 1, 2022.
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 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.
POPULATION | |
---|---|
Total Population | 4,759 (100%) |
Population in Households | 4,752 (99.9%) |
Population in Families | 3,908 (82.1%) |
Population in Group Quarters1 | 7 ( 0.1%) |
Population Density | 1,093 |
Diversity Index2 | 50 |
INCOME | |
Median Household Income | $76,350 |
Average Household Income | $97,113 |
% of Income for Mortgage4 | 17% |
Per Capita Income | $41,203 |
Wealth Index5 | 85 |
HOUSING | |
---|---|
Total HU (Housing Units) | 2,168 (100%) |
Owner Occupied HU | 1,582 (73.0%) |
Renter Occupied HU | 437 (20.2%) |
Vacant Housing Units | 149 ( 6.9%) |
Median Home Value | $238,776 |
Average Home Value | $248,720 |
Housing Affordability Index3 | 102 |
HOUSEHOLDS | |
Total Households | 2,019 |
Average Household Size | 2.35 |
Family Households | 1,339 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2022 | 2022-2027 |
---|---|---|
Population | -1.40% | -0.35% |
Households | -0.61% | -0.10% |
Families | -0.12% | |
Median Household Income | 1.72% | |
Per Capita Income | 2.46% | |
Owner Occupied HU | 0.18% |
The table below compares Franklin to the other 701 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2022 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.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 301 | 57th |
Population Density | # 482 | 31st |
Median Household Income | # 539 | 23rd |
Housing Affordability Index | # 310 | 44th |
Per Capita Income | # 517 | 26th |
Diversity Index | # 357 | 49th |
Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.
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