Franklin, Somerset County, NJ demographics:
population, income, and more

Total population
74,774
0.8% year-over-year change
Median household income
$124,972/yr
6.0% year-over-year change
Housing units
29,648
1.0% year-over-year change

Franklin population

How many people live in Franklin

Franklin is home to 74,774 residents, according to the most recent Census data. Gender-wise, 48.8% of Franklin locals are male, and 51.2% are female.

Total population
74,774
0.8% year-over-year change
Gender ratio
Male
48.8%
36,491
Female
51.2%
38,283
Value Percent YoY change
Male 36,491 48.8% 1.1%
Female 38,283 51.2% 0.5%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Franklin is 40, with the population distributed as follows: about 16.1% are children under 15, then 12.3% are in the 15 to 24 age group. Adults between 25 and 44 make up 27.4% of the population, while another 26% fall into the 45 to 64 bracket. Finally, around 18.3% are 65 or older.

Median age
40
Age breakdown
Under 15
16.1%
15 to 24
12.3%
25 to 44
27.4%
45 to 64
26%
Over 65
18.3%
Value Percent YoY change
Under 15 12,015 16.1% -4.6%
15 to 24 9,171 12.3% 5.8%
25 to 44 20,496 27.4% 2.4%
45 to 64 19,431 26% 0.8%
Over 65 13,661 18.3% 0.4%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Franklin, 62.5% of the population are US-born citizens, while 22.9% have gained naturalized citizenship. At the same time, 14.6% of residents are non-citizens. As for race, 31.4% of locals are Caucasian, 23.7% are African American and 25.4% have Asian roots. There’s also a share of 8.9% that includes residents with two or more races.

Citizenship
U.S.-born citizens
62.5%
Non-U.S.-born citizens
22.9%
Non-citizens
14.6%
Value Percent YoY change
U.S.-born citizens 46,748 62.5% -1.2%
Non-U.S.-born citizens 17,116 22.9% 5.8%
Non-citizens 10,910 14.6% 2.3%
Racial breakdown
White
31.4%
Black or African American
23.7%
American Indian and Alaska Native
0.3%
Asian
25.4%
Native Hawaiian and other Pacific Islander
0%
Two or more races
8.9%
Other
10.3%
Value Percent
White 23,447 31.4%
Black or African American 17,749 23.7%
American Indian and Alaska Native 243 0.3%
Asian 18,974 25.4%
Native Hawaiian and other Pacific Islander 2 0%
Two or more races 6,640 8.9%
Other 7,719 10.3%

Households in Franklin

A peek inside Franklin households

Franklin has 28,878 households, with an average of 3 members in each. Of these, 68.5% are families, while the remaining 31.5% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
28,878
1.0% year-over-year change
Average people per household
3
Non-family households
9,089
Family households
19,788
Value Percent YoY change
Non-family households 9,089 31.5% -5.1%
Family households 19,788 68.5% 4.1%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Franklin

The housing landscape of Franklin

Franklin's housing consists of 29,648 units, with 45.1% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 20.6% and offer a more compact, shared living style.

Housing units
29,648
1.0% year-over-year change
Housing types
Value Percent
1 unit, detached 13,360 45.1%
1 unit, attached 6,093 20.6%
2 units 1,231 4.2%
3 or 4 units 1,697 5.7%
5 to 9 units 1,582 5.3%
10 to 19 units 2,653 9%
20 to 49 units 1,235 4.2%
50 or more units 1,782 6%
Mobile home 16 0%
Homes built since 2020
227
65.7% year-over-year change

The age of buildings in Franklin

In Franklin, the median construction year is 1985. About 4% of homes were built before the 1940s, with another 2.9% going up by 1949. Most development happened in the second half of the 20th century. Then, 15% of homes were added from 2000 to 2009, 9.1% between 2010 and 2019, and 0.8% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 1,171 4% 11.9%
Built between 1940 and 1949 868 2.9% -0.8%
Built between 1950 and 1959 2,494 8.4% 0.8%
Built between 1960 and 1969 3,878 13.1% -2.0%
Built between 1970 and 1979 2,484 8.4% 3.5%
Built between 1980 and 1989 6,920 23.3% -0.2%
Built between 1990 and 1999 4,461 15% 3.8%
Built between 2000 and 2009 4,452 15% -2.1%
Built between 2010 and 2019 2,692 9.1% -0.0%
Built in 2020 or later 227 0.8% 65.7%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Franklin occupancy rates

Out of the 28,878 occupied housing units in Franklin, 67.8% are owner-occupied, while 32.2% are lived in by tenants. Meanwhile, 2.6% of all homes on the local market sit vacant.

Occupied housing units
28,878
1.0% year-over-year change
Occupancy breakdown
Renter occupied
9,294
Owner occupied
19,583
Value Percent YoY
change
Renter occupied 9,294 32.2% -1.6%
Owner occupied 19,583 67.8% 2.2%
Unoccupied housing units
2.6%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Franklin housing costs

Housing costs in Franklin come to a median of $2,089 per month, while tenants specifically pay a median gross rent of $2,218.

Median housing costs per month
$2,089/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Franklin
$2,218/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Franklin

Franklin education at a glance

About 21.3% of the population in Franklin went to high school, while 14.2% pursued college studies. Another 6.5% earned an associate degree and 29.2% hold a bachelor’s. Meanwhile, 25.6% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 1,872 3.1% 9.2%
High school diploma 12,748 21.3% 1.7%
College diploma 8,498 14.2% -2.9%
Associate degree 3,919 6.5% -0.2%
Bachelor's degree 17,507 29.2% 3.5%
Graduate degree 15,351 25.6% 1.4%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Franklin

How much people earn in Franklin

The average annual household income in Franklin was $171,214 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +3.5% change from the previous year. At the same time, the median income stood at $124,972, reflecting a +6% shift over the same period.

Average household income in Franklin
$171,214/year
3.5% year-over-year change
Median household income in Franklin
$124,972/year
6.0% year-over-year change

Franklin income by age

In Franklin, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $152,181. Those with someone between 45 and 64 in charge, often well established professionally, earn $143,480 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $66,084, while those led by someone over 65, many of whom may be retired, have about $94,306 in earnings. Overall, 93.6% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $66,084 19.8%
25 - 44 $152,181 -3.8%
45 - 64 $143,480 4.6%
Over 65 $94,306 6.1%
Above poverty level
68,061
Below poverty level
4,670
Value Percent YoY
change
Above poverty level 68,061 93.6% 1.1%
Below poverty level 4,670 6.4% -2.9%

Employment in Franklin

Workforce and job types in Franklin

85.3% of the working population are employed in professional or administrative positions, while 14.7% are in hands-on or service-based jobs. Also, 6.8% run their own businesses, 70.8% are employed by private companies, and 13% work in the public sector.

Workforce demographics

White collar
34,515
Blue collar
5,969
Value Percent YoY change
White collar 34,515 85.3% 2.4%
Blue collar 5,969 14.7% 0.6%
Employer type
Self employees
6.8%
Private companies
70.8%
Governmental workers
13%
Not for profit companies
9.5%
Value Percent YoY change
Self employees 2,736 6.8% 16.9%
Private companies 28,656 70.8% 0.8%
Governmental workers 5,242 13% 4.3%
Not for profit companies 3,851 9.5% 0.7%

Transportation in Franklin

How people get around in Franklin

In Franklin, the average commute time is 84 minutes. Commuting methods vary: 91.2% of residents travel by personal vehicle and 1.8% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Commute time
84 min
-2.3% year-over-year change
Means of transportation
Value Percent YoY change
Car 26,376 91.2% -0.6%
Taxicab 373 1.3% -29.6%
Bus or trolleybus 274 1% -28.8%
Railroad 1,283 4.4% 11.6%
Bicycle 81 0.3% -5.8%
Walk 517 1.8% 8.4%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Franklin by zipcode?

Zipcode Population Number of households Median income Average income
08873 56,327 21,831 $124,972 $156,289
08890 17 0 $0 $0
08528 321 207 $0 $96,672
08540 50,388 18,609 $176,983 $241,691
08823 8,884 3,437 $115,597 $142,841

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FAQs about Franklin demographics 

What is the total population of Franklin?

Franklin has a total population of 74,774 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +0.8% compared to a year ago.

What is the gender ratio in Franklin?

The gender ratio in Franklin is as follows:
  • 48.8% males (36,491 residents)
  • 51.2% females (38,283 residents)

What is the median age in Franklin?

The median age in Franklin is 40.

What is the age distribution of the population in Franklin?

The age distribution in Franklin is as follows:
  • Under 15: 16.1% (12,015 residents)
  • Ages 15-24: 12.3% (9,171 residents)
  • Ages 25-44: 27.4% (20,496 residents)
  • Ages 45-64: 26% (19,431 residents)
  • Over 65: 18.3% (13,661 residents)

What is the racial and ethnic makeup of Franklin?

The racial and ethnic makeup of Franklin is as follows:
  • White: 31.4% (23,447 residents)
  • Black or African American: 23.7% (17,749 residents)
  • American Indian and Alaska Native: 0.3% (243 residents)
  • Asian: 25.4% (18,974 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (2 residents)
  • Two or More Races: 8.9% (6,640 residents)
  • Other: 10.3% (7,719 residents)

What percentage of the population in Franklin are U.S.-born citizens?

U.S.-born citizens represent 62.5% of the population in Franklin.

How many housing units are there in Franklin?

There are 29,648 housing units in Franklin, reflecting a +1.0% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Franklin and what is the average household size?

Franklin has a total of 28,878 households, with an average of 3 people in each.

What is the median household income in Franklin?

Franklin has a median household income of $124,972, representing a +6.0% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Franklin?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 85.3% (34,515 residents)
  • Blue-collar workers: 14.7% (5,969 residents)

Places of employment:
  • Self-employed: 6.8% (2,736 residents)
  • Private companies: 70.8% (28,656 residents)
  • Governmental workers: 13% (5,242 residents)
  • Not-for-profit companies: 9.5% (3,851 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025