Franklin Center

Population: 5,770
Median household income: $138,643
Median home value: $565,200

Franklin Center, a community in Somerset County, New Jersey, has 5,770 residents. Its median household income of $138,643 runs in line with the Somerset County figure of $135,960.

From 2019 to 2023, Franklin Center's population declined 1.5% from 5,860 to 5,770, while its median home value rose 29.1% from $437,700 to $565,200.

The largest age group is 65 to 74, 22.5% of residents. White (non-Hispanic) residents are the largest group, 39.0% of the population.

Demographics

ACS 2019–2023

Population: 5,770
Median age: 56.4 yrs
Median household income: $138,643
Median home value: $565,200
Median gross rent: $2,588
Housing units: 2,592
Homeownership rate: 69.4%
Bachelor's degree or higher: 68.2%
Unemployment rate: 4.9%

Trends

ACS 5-year · 2019–2023

Population

5,8605,770

Median household income

$104,044$138,643

Median home value

$437,700$565,200

Median gross rent

$2,013$2,588

Year	Population	Median household income	Median home value	Median gross rent
2019	5,860	$104,044	$437,700	$2,013
2020	5,536	$109,167	$444,200	$2,146
2021	5,532	$118,560	$441,700	$2,161
2022	5,583	$132,787	$543,700	$2,625
2023	5,770	$138,643	$565,200	$2,588

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 54.8%

5 to 179.3%

18 to 243.3%

25 to 3412.7%

35 to 4410.5%

45 to 548.0%

55 to 6414.2%

65 to 7422.5%

75 and over14.6%

	Count	Share
Under 5	279	4.8%
5 to 17	536	9.3%
18 to 24	189	3.3%
25 to 34	735	12.7%
35 to 44	606	10.5%
45 to 54	463	8.0%
55 to 64	821	14.2%
65 to 74	1,297	22.5%
75 and over	844	14.6%

Race & ethnicity

	Count	Share
White (non-Hispanic)	2,249	39.0%
Black or African American	887	15.4%
American Indian & Alaska Native	5	0.1%
Asian	1,737	30.1%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	101	1.8%
Two or more races	152	2.6%
Hispanic or Latino (any race)	639	11.1%

Educational attainment (age 25+)

No high school diploma3.1%

High school graduate9.9%

Some college or associate's18.8%

Bachelor's degree33.6%

Graduate or professional degree34.6%

	Count	Share
No high school diploma	148	3.1%
High school graduate	471	9.9%
Some college or associate's	896	18.8%
Bachelor's degree	1,602	33.6%
Graduate or professional degree	1,649	34.6%

Commute to work

Mean travel time to work: 35 min

Drove alone56.8%

Carpooled10.0%

Public transit3.6%

Walked0.0%

Bicycle0.0%

Worked from home29.6%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	1,553	56.8%
Carpooled	274	10.0%
Public transit	98	3.6%
Walked	1	0.0%
Bicycle	0	0.0%
Worked from home	810	29.6%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	340	17.7%
15 to 29 min	497	25.8%
30 to 44 min	402	20.9%
45 to 59 min	415	21.5%
60+ min	272	14.1%

Households

Average household size: 2.23
Poverty rate: 5.6% (319 of 5,720)

	Count	Share
Family households	1,575	61.7%
Nonfamily households	978	38.3%

Housing

Median year structure built: 2006

Occupancy

	Count	Share
Occupied	2,553	98.5%
Vacant	39	1.5%

Tenure (of occupied units)

	Count	Share
Owner-occupied	1,772	69.4%
Renter-occupied	781	30.6%

1-unit, detached47.9%

1-unit, attached12.8%

2 to 4 units3.9%

5 to 19 units15.4%

20 or more units20.0%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	1,241	47.9%
1-unit, attached	333	12.8%
2 to 4 units	101	3.9%
5 to 19 units	398	15.4%
20 or more units	519	20.0%
Mobile home & other	0	0.0%

Geography

Place GEOID: 3424965
Type (LSAD): 57
Land area: 6.6 sq mi
Water area: 0.11 sq mi
Center point: 40.5315, -74.5414