What are the schools like in Franklin, NJ?

Franklin is served primarily by Franklin Borough School District. The district operates 1 elementary schools, several middle schools, and several high schools with a student-to-teacher ratio of 11.0:1.

What is the median household income in Franklin?

The median household income in Franklin, NJ is $87,558 according to the most recent US Census American Community Survey 5-year estimates. The unemployment rate is 7.1%.

What is the weather like in Franklin, NJ?

Franklin has an average high temperature of 36.0°F in January and 83.6°F in July. Annual precipitation averages 51.1 inches and annual snowfall averages 28.1 inches.

Franklin, NJ Cost of Living, Crime & Is It a Good Place to Live? (2026)

Q: Is Franklin, NJ affordable or expensive?

Franklin's cost of living index is 112, where 100 represents the national average. This means Franklin is 12% more expensive than the average US city. The median home value is $221,900 and the median rent is $1,129 per month.

Q: What is the crime rate in Franklin, NJ?

Franklin has a violent crime rate of 22.1 incidents per 100,000 residents and a property crime rate of 97.5 per 100,000. The national average violent crime rate is approximately 380 per 100,000.

Is Franklin, NJ a Good Place to Live?

Franklin is a small town of 4,933 in New Jersey, with a median household income of $87,558 and a 7.1% unemployment rate. Its cost of living index is 112 (US average = 100), which is 12% above the national average.

Strengths: Franklin stands out for below-average home prices, solid school ratings (B).

Trade-offs: Potential downsides include an above-average cost of living, longer commutes, an elevated unemployment rate. Whether Franklin is right for you depends on your priorities — the full breakdown is below.

All Franklin city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 112.5

Franklin's overall cost of living index is 112.5, where 100 represents the US national average. Living in Franklin costs roughly 12% more than the average American city.

Metric	Franklin, NJ	National Avg
Median Home Value	$221,900	$244,900
Median Monthly Rent	$1,129	$1,163
Homeownership Rate	58.8%	65.9%
Median Household Income	$87,558	$74,755

Crime & Safety

Very Safe

Franklin's violent crime rate is 22.1 per 100,000 residents — 94% lower than the national average of ~380 per 100,000.

Violent Crime

22.1 /100k

Property Crime

97.5 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Franklin is served primarily by Franklin Borough School District. The student-to-teacher ratio is 11.0:1 (better than the national average of ~16:1).

Metric	Franklin, NJ	National Avg
School District	Franklin Borough School District	—
Elementary Schools	1	—
Middle Schools	N/A	—
High Schools	N/A	—
Student/Teacher Ratio	11.0:1	16:1
Bachelor's Degree or Higher	18.8%	35.4%
High School Diploma or Higher	91.4%	91.1%

Weather & Climate

Franklin sees average highs of 36.0°F in January and 83.6°F in July, with 51.1 inches of annual precipitation and 28.1 inches of snow per year.

Metric	Franklin, NJ
Average High — January	36.0°F
Average High — July	83.6°F
Annual Precipitation	51.1"
Annual Snowfall	28.1"

Demographics

Metric	Franklin, NJ	National Avg
Population	4,933	—
Median Age	50.0	38.9
Unemployment Rate	7.1%	3.7%
Avg Commute Time	36.3 min	26 min
White (non-Hispanic)	82.1%	59.3%
Black or African American	1.9%	13.6%
Hispanic or Latino	14.1%	18.9%
Asian	0.3%	6.3%
Under 18	17.0%	22.2%
65 and over	24.8%	16.8%

Nearby Cities

Ogdensburg, NJ 2 mi Hamburg, NJ 3 mi Ross Corner, NJ 7 mi Sussex, NJ 7 mi Vernon Center, NJ 7 mi

ZIP Codes in Franklin

Franklin, NJ is covered by 1 ZIP code:

07416

Franklin vs Other Cities

Franklin, NJ vs Ogdensburg, NJ Franklin, NJ vs Hamburg, NJ Franklin, NJ vs Ross Corner, NJ Franklin, NJ vs Sussex, NJ Franklin, NJ vs Vernon Center, NJ

Frequently Asked Questions

Is Franklin, NJ affordable or expensive?

Franklin's cost of living index is 112, where 100 is the national average. That puts Franklin roughly 12% above the national average in cost. The median home price is $221,900 and median rent is $1,129/month.

What is the crime rate in Franklin, NJ?

Franklin's violent crime rate is 22.1 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 97.5 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.

What are the schools like in Franklin?

Public schools in Franklin are operated by Franklin Borough School District. The district has 1 elementary, several middle, and several high schools. The student-to-teacher ratio is 11.0:1. 18.8% of adults 25+ hold a bachelor's degree or higher.

Is Franklin, NJ a good place to live?

Franklin, NJ has a population of 4,933, a median household income of $87,558, and an unemployment rate of 7.1%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.

What is the weather like in Franklin?

Franklin averages 36.0°F in January and 83.6°F in July. Annual rainfall is 51.1 inches with about 28.1 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).

What ZIP codes are in Franklin?

Franklin, NJ is covered by 1 ZIP code: 07416.

What is the population of Franklin?

The population of Franklin, New Jersey is 4,933 with a median age of 50.0. Source: US Census ACS 5-Year Estimates.

What are the pros and cons of living in Franklin?

Key numbers for living in Franklin: cost of living index 112 (100 = US average), median home $221,900, median household income $87,558, crime index 5 (100 = US average, lower is safer), schools rated B. Whether these are benefits or drawbacks depends on where you're coming from — compare Franklin side by side with your current city to see the trade-offs.