Is Franklin Park, New Jersey a Good Place To Live? - Living In Franklin Park, NJ
Is Franklin Park, New Jersey a good place to live?
Franklin Park is a city in New Jersey state in USA with a population of 12738 residents..
The poverty rate of Franklin Park is 8.6%, which is 39% lower than national average.
The typical household in Franklin Park earns $91352 a year, compared to the national median of $67,500.
Nearly 28.3% of households earn less than $50,000 a year compared to 39% national rate.
A high school education is a basic prerequisite for most jobs, and in Franklin Park, only 94% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Franklin Park remained 5.3%, which is 13% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Franklin Park, only 52% of adults have a bachelor's degree and 23% have some college but no degree.
Cost of living in Franklin Park is 124, which is 24% higher than national average. Median home value in Franklin Park is $276300 , which is 20% higher than national average. While median income in Franklin Park remained $91352, which is 35% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
A high school education is a basic prerequisite for most jobs, and in Franklin Park, only 94% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Franklin Park remained 5.3%, which is 13% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Franklin Park, only 52% of adults have a bachelor's degree and 23% have some college but no degree.
Cost of living in Franklin Park is 124, which is 24% higher than national average. Median home value in Franklin Park is $276300 , which is 20% higher than national average. While median income in Franklin Park remained $91352, which is 35% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
12738
Unemployment
5.3%
Poverty
8.6%
Overall Score
7
Median Home Cost
$276300
20%
NAT AVG.
Median Income
$91352
35%
NAT AVG.
Median Rent
$1756
51%
NAT AVG.
Cost Of Living
124
24%
NAT AVG.
People Living BPL
1 in 12
Unemployed People
1 in 19
People Earning < $10,000
1 in 333
People Earning < $50,000
28.3%
People with <= High School
1 in 4
People With Any Degree
1 in 1.7
Pros & Cons Overview
Jobs80%
Housing90%
Affordability60%
Safety90%
Amenities90%
Diversity100%
Education85%
Commute30%
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