What is the cost of living in Franklin Center, NJ?
According to the most recent data on the cost of living, Franklin Center has an overall cost of living index of 151, which is 1.5x higher than the national index of 100.
Compared to New Jersey, Franklin Center has a cost of living index that's 1.2x higher than New Jersey's index of 125.
The standard of living in Franklin Center ranks as #202 most affordable out of the 262 places we measured in New Jersey. By definition, that implies Franklin Center ranks as the #60 most expensive place in the Garden State.
For more reading on life in Franklin Center, check out:
Franklin Center Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Franklin Center. Here is how it fares on each of the criteria:
The Services index in Franklin Center is 107.
The Groceries index in Franklin Center is 114.
The Health index in Franklin Center is 237.
The Housing index in Franklin Center is 113.
The Transportation index in Franklin Center is 116.
The Utilities index in Franklin Center is 110.
| Living Expense | Franklin Center | New Jersey | National Average |
|---|---|---|---|
| Overall | 151 | 125 | 100 |
| Services | 107 | 107 | 100 |
| Groceries | 114 | 113 | 100 |
| Health | 237 | 155 | 100 |
| Housing | 113 | 116 | 100 |
| Transportation | 116 | 112 | 100 |
| Utilities | 110 | 113 | 100 |
Franklin Center Cost Of Living Compared To New Jersey Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Jersey, check out:
Protect your home budget Compare home warranties in Franklin Center Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Franklin Center, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Franklin Center is $766,900.
The Median Rent in Franklin Center is $2,748.
The Median Income in Franklin Center is $157,212.
The Home Value To Income in Franklin Center is 4.9x.
The Rent To Monthly Income in Franklin Center is 0.21x.
| Statistic | Franklin Center | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $766,900 | $569,411 | $332,700 |
| Median Rent | $2,748 | $1,720 | $1,413 |
| Median Income | $157,212 | $103,556 | $80,734 |
| Home Value To Income | 4.9x | 5.5x | 4.1x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.21x |
Franklin Center, NJ Costs By Category
Detailed Franklin Center Services costs vs. New Jersey
| Item | Franklin Center | New Jersey |
|---|---|---|
| Shampoo | $1.53 | $1.28 |
| Movie | $14.53 | $12.13 |
| Bowling | $20.98 | $18 |
| Haircut | $30.25 | $24.26 |
| Beauty Salon | $53.0 | $45.56 |
Detailed Franklin Center Groceries costs vs. New Jersey
| Item | Franklin Center | New Jersey |
|---|---|---|
| Ground Beef | $6.13 | $5.84 |
| Fried Chicken | $1.41 | $1.57 |
| Milk | $4.7 | $4.67 |
| Potatoes | $5.32 | $4.93 |
| Pizza | $12.59 | $12.09 |
| Beer | $11.12 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Franklin Center Health costs vs. New Jersey
| Item | Franklin Center | New Jersey |
|---|---|---|
| Optometrist | $129.93 | $125.68 |
| Doctor | $124.1 | $135.78 |
| Dentist | $129.94 | $113.29 |
Detailed Franklin Center Transportation costs vs. New Jersey
| Item | Franklin Center | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $72.38 | $59.92 |
Detailed Franklin Center Utilities costs vs. New Jersey
| Item | Franklin Center | New Jersey |
|---|---|---|
| All Electricity | $223.08 | $193.99 |
| Phone | $186.61 | $192.25 |
Franklin Center SnackAbility
Cost Of Living In Cities Around Franklin Center
The cost of living varies in the cities and towns around Franklin Center. Here's a quick look at the cost of living in the most populous nearby places:
Westfield, NJ has a cost of living index of 182, 1.2x Franklin Center.
Somerset, NJ has a cost of living index of 134, 0.9x Franklin Center.
Middlesex, NJ has a cost of living index of 128, 0.8x Franklin Center.
| City | Population | Cost Of Living | Vs. Franklin Center |
|---|---|---|---|
| Westfield, NJ | 31,111 | 182 | 1.2x |
| Somerset, NJ | 22,720 | 134 | 0.9x |
| Middlesex, NJ | 14,645 | 128 | 0.8x |
| Bradley Gardens, NJ | 14,165 | 152 | 1.0x |
| Florham Park, NJ | 13,564 | 174 | 1.2x |
| Bound Brook, NJ | 12,219 | 125 | 0.8x |
| Martinsville, NJ | 11,559 | 166 | 1.1x |
| Manville, NJ | 10,921 | 124 | 0.8x |
| Twin Rivers, NJ | 8,382 | 121 | 0.8x |
| Bernardsville, NJ | 7,916 | 173 | 1.1x |
