Pros and Cons of Living In Franklin Park, New Jersey. Is Franklin Park, NJ a Nice Place To Live or Retire?

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Franklin Park, New Jersey

Moving to Franklin Park In New Jersey ? Is Franklin Park, NJ a Nice Place To Live? Pros and Cons of Living in Franklin Park, New Jersey. Find out the best and worst about to live, raise a family or retire in Franklin Park.

DEMOGRAPHICS

Population
12738
Unemployment
5.3%
13% NAT AVG.
Poverty
8.6%
39% NAT AVG.
Cost Of Living
124
24% NAT AVG.

ECONOMICS

Median Home Cost
$276300
20% NAT AVG.
Median Income
$91352
35% NAT AVG.
Median Rent
$1756
51% NAT AVG.
Overall Score
7

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 12
Unemployed People
1 in 19
People Earning < $10,000
1 in 333
People Earning < $50,000
28.3%
People With Any Degree
1 in 1.7

ETHNICITY

Ethnicity Franklin Park USA
White 26.6% 60.1%
African American 32.4% 12.2%
American Indian 0% 0.6%
Asian 29% 5.6%
Hawaiian 0% 0.2%
Multiracial 2.7% 2.8%
Hispanic 9.3% 18.2%
Other 0.1% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Franklin Park USA
Less than $10,000 0.3% 5.8%
$10,000 to $14,999 6.9% 4.1%
$15,000 to $24,999 6.8% 8.5%
$25,000 to $34,999 5.7% 8.6%
$35,000 to $49,999 8.6% 12.0%
$50,000 to $74,999 11.4% 17.2%
$75,000 to $99,999 15.9% 12.8%
$100,000 to $149,999 21.9% 15.6%
$150,000 to $199,999 9.5% 7.1%

EDUCATION

Education Franklin Park USA
< 9th Grade 2% 5.0%
9-12th Grade 4% 7.0%
High School or GED 19% 27.0%
Other College 15% 20.0%
Associate's Degree 8% 9%
Bachelor's Degree 28% 20.0%
Master's Degree 19% 9.0%
Professional Degree 3% 2.0%
Doctorate Degree 2% 1.0%
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. 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.

Cost of living in Franklin Park is 124, which is 24% higher than national average. In Franklin Park, only 52% of adults have a bachelor's degree and 23% have some college but no degree. 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.
Franklin Park Scorecard

Jobs80%

Housing90%

Affordability60%

Safety90%

Amenities90%

Diversity100%

Education85%

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