Franklin is a small town in New Jersey with a population of approximately 5,000. Middle-aged professionals should feel welcome, as they make up an above-average portion of the community, while young professionals are less well-represented. Renters tend to be in the minority in the town, and 70% of residents own their homes. With a relatively low average rent of $1,076 a month in the town, renting remains an affordable option, particularly compared to other cities in New Jersey. Each month, renters in Franklin will pay around $196 less compared to the state average.
With an average commute time of about 40 minutes, longer than most cities in New Jersey, Franklin residents are well aware that getting to work takes some patience. Many residents (46%) drive their car to work, while public transit isn't used widely. Few residents walk to work.
Compared to the national average (5%), Franklin has a relatively large number of residents older than 25 who possess an Associate's degree (7%). Further, 12% have a Bachelor's degree and 4% possess a Master's or Doctoral degree. If you're looking for a variety of career options, Franklin has you covered. The four most common industries are retail, manufacturing, healthcare, and education. Together, these industries make up 28% of the workforce in the town. Meanwhile, looking at job function, many of the town's residents work in sales, which ranks as the top career path in the town. Franklin workers bring in an average annual income of around $72,000, around $14,000 less than the New Jersey average. However, the town's average income is fairly average compared to the national level ($73,345).
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