Franklin Park, New Jersey

Moving to or Living in Franklin Park Pros and Cons, Cost of Living, Crime Rate, Demographics

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

Explore the life in Franklin Park based on crime, public schools, cost of living, real estate, housing, properties, job opportunities, and local amenities data and Statistics.

  1. Overview - Life In Franklin Park
  2. Pros and Cons of Living In Franklin Park
  3. Crime In Franklin Park
  4. Cost of Living In Franklin Park
  5. Gender In Franklin Park
  6. Household Income For Franklin Park
  7. Education In Franklin Park
  8. Race & Ethnicity In Franklin Park
About Franklin Park, New Jersey
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.
Population
12738
Unemployment
5.3%
13% NAT AVG.
Poverty
8.6%
39% NAT AVG.
Overall Score
7
Median Home
$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%


Cost of Living
Expense Franklin Park New Jersey National Avg.
Services 113 107 100
Groceries 108 107 100
Health 103 100 100
Housing 157 160 100
Transportation 107 106 100
Utilities 101 98 100
Cost of Living
Gender
Gender Franklin Park New Jersey Country
Female 53.9% 51.1% 50.8%
Male 46.1% 48.9% 49.2%
Gender

Household Income


Income Franklin Park New Jersey Country
Less than $10,000 0.3% 4.7% 5.8%
$10,000 to $14,999 6.9% 3.1% 4.1%
$15,000 to $24,999 6.8% 6.7% 8.5%
$25,000 to $34,999 5.7% 6.6% 8.6%
$35,000 to $49,999 8.6% 9% 12.0%
$50,000 to $74,999 11.4% 14.5% 17.2%
$75,000 to $99,999 15.9% 12.3% 12.8%
$100,000 to $149,999 21.9% 17.8% 15.6%
$150,000 to $199,999 9.5% 10.4% 7.1%
$200,000 or more 12.8% 14.8% 8.3%
Education


Education Franklin Park New Jersey Country
< 9th Grade 2% 3% 5.0%
9-12th Grade 4% 5% 7.0%
High School or GED 19% 27% 27.0%
Other College 15% 16% 20.0%
Associate's Degree 8% 7% 9%
Bachelor's Degree 28% 25% 20.0%
Master's Degree 19% 12% 9.0%
Professional Degree 3% 3% 2.0%
Doctorate Degree 2% 2% 1.0%
Household Income
Education
Race / Ethnicity


Ethnicity Franklin Park New Jersey Country
White 26.6% 54.7% 60.1%
African American 32.4% 12.6% 12.2%
American Indian 0% 0.1% 0.6%
Asian 29% 9.6% 5.6%
Hawaiian 0% 0% 0.2%
Other 0.1% 0.5% 0.3%
Multiracial 2.7% 2.1% 2.8%
Hispanic 9.3% 20.4% 18.2%
Race / Ethnicity