Franklin, New Jersey Demographics & Population 2026
During the 2020–2024 ACS period, Franklin, New Jersey had a total population of 4,968, the 297th largest borough in New Jersey, with a median household income of $92,744, which is 10% lower than the state average. The poverty rate is 8.0%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Franklin Quick Facts
How Franklin Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 4,938 | 4,968 | +0.6% |
| Median household income | $90,152 | $92,744 | +2.9% |
| Median home value | $253,100 | $272,600 | +7.7% |
How Franklin Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 66 | National average: 61
Education
Educational Attainment (Adults 25+)
Franklin Rankings in New Jersey
Explore New Jersey Rankings
Other Cities in Sussex County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Hopatcong | 14,565 | $115,758 | 4.2% | $340,700 |
| Lake Mohawk | 9,508 | $149,135 | 2.1% | $441,700 |
| Newton | 8,369 | $76,221 | 15.1% | $302,700 |
| Highland Lakes | 3,852 | $109,000 | 2.7% | $295,300 |
| Stanhope | 3,552 | $139,205 | 2.9% | $376,700 |
| Hamburg | 3,308 | $86,975 | 3.4% | $280,900 |
| Byram Center | 2,188 | $132,857 | 0.6% | $366,900 |
| Ogdensburg | 2,160 | $105,551 | 7.0% | $324,500 |
| Sussex | 2,145 | $75,500 | 10.3% | $275,500 |
| Vernon Valley | 1,532 | $121,250 | 5.2% | $373,500 |
Cities Similar to Franklin
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Beattystown | 4,917 | $87,500 | $416,000 | 48.5% | 8.2% |
| Ellisburg | 4,829 | $90,417 | $330,900 | 42.9% | 12.3% |
| Forked River | 5,196 | $91,493 | $437,000 | 25.6% | 11.6% |
| Spring Lake Heights | 4,861 | $106,758 | $721,100 | 62.6% | 4.3% |
| Florence | 5,242 | $85,219 | $309,900 | 24.3% | 6.3% |
Population Overview
Franklin is a small community located in New Jersey, within Sussex County. The total population is 4,968. It ranks as the 297th most populous out of 700 Census-designated places in New Jersey.
Age Demographics
The median age in Franklin is 48.5 years. This is 21% higher than the state median of 40.1 years.
Economy, Income & Housing
The median household income in Franklin is $92,744. This is 10% lower than the state median of $103,556. It is also 15% higher than the national median of $80,734. The poverty rate stands at 8.0%. This is 17% lower than the state poverty rate of 9.7%. The unemployment rate is 7.2%. This is 14% higher than the state rate of 6.3%. The median home value is $272,600. Housing costs are 40% lower than the state median of $454,400. With a home-value-to-income ratio of just 2.9x, Franklin is one of the most affordable housing markets in the area. 56.2% of occupied housing units are owner-occupied. This homeownership rate is 12% lower than the state average of 63.8%.
Race & Ethnicity
The largest racial or ethnic group in Franklin is White (non-Hispanic), making up 72.5% of the population. Hispanic or Latino residents account for 21.3%. The Black or African American population (0.6%) is well below the state average of 12.2%. The Asian population (0.1%) is well below the state average of 10.1%.
Education
19.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 55% lower than the state rate of 43.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.6%.
Data Sources & Methodology
All demographic data for Franklin, New Jersey is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against New Jersey state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 700 Census-designated places in New Jersey. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Franklin, New Jersey?
Franklin, New Jersey has a population of 4,968 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Franklin, NJ?
The median household income in Franklin is $92,744, which is 15% higher than the national median of $80,734.
What is the poverty rate in Franklin, NJ?
The poverty rate in Franklin is 8.0%. This means approximately 398 residents live below the federal poverty line.
What is the racial makeup of Franklin, New Jersey?
Franklin's population is 72.5% White, 0.6% Black, 21.3% Hispanic/Latino, and 0.1% Asian.
What is the median home value in Franklin, NJ?
The median home value in Franklin is $272,600. The home-value-to-income ratio is 2.9x.
How educated is Franklin, New Jersey?
19.7% of adults (25+) in Franklin hold a bachelor's degree or higher, and 6.6% hold a graduate or professional degree.