Life in Franklin Park research summary. HomeSnacks has been using Saturday Night Science to research the quality of life in Franklin Park over the past nine years using Census, FBI, Zillow, and other primary data sources. Based on the most recently available data, we found the following about life in Franklin Park:
The population in Franklin Park is 13,327.
The median home value in Franklin Park is $411,069.
The median income in Franklin Park is $111,508.
The cost of living in Franklin Park is 125 which is 1.2x higher than the national average.
The median rent in Franklin Park is $2,074.
The unemployment rate in Franklin Park is 4.6%.
The poverty rate in Franklin Park is 8.2%.
The average high in Franklin Park is 62.9° and the average low is 41.6°.
Cost of living in Franklin Park summary. We use data on the cost of living to determine how expensive it is to live in Franklin Park. Real estate prices drive most of the variance in cost of living around New Jersey. Key points include:
The cost of living in Franklin Park is 125 with 100 being average.
The cost of living in Franklin Park is 1.2x higher than the national average.
The median home value in Franklin Park is $411,069.
The median income in Franklin Park is $111,508.
| Living Expense | Franklin Park | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 125 | 122 | 100 | |
| Services | 112 | 108 | 100 | |
| Groceries | 104 | 104 | 100 | |
| Health | 103 | 99 | 100 | |
| Housing | 160 | 159 | 100 | |
| Transportation | 106 | 101 | 100 | |
| Utilities | 108 | 107 | 100 | |
The average high in Franklin Park is 62.9° and the average low is 41.6°.
There are 77.5 days of precipitation each year.
Expect an average of 48.3 inches of precipitation each year with 23.3 inches of snow.
| Stat | Franklin Park |
|---|---|
| Average Annual High | 62.9 |
| Average Annual Low | 41.6 |
| Annual Precipitation Days | 77.5 |
| Average Annual Precipitation | 48.3 |
| Average Annual Snowfall | 23.3 |
The current population in Franklin Park is 13,327. The population has increased 5.6% from 2010.
| Year | Population | % Change |
|---|---|---|
| 2023 | 13,327 | -0.7% |
| 2022 | 13,425 | -1.9% |
| 2021 | 13,686 | 7.4% |
| 2020 | 12,738 | -8.9% |
| 2019 | 13,977 | -4.3% |
| 2018 | 14,612 | -3.2% |
| 2017 | 15,090 | -2.4% |
| 2016 | 15,454 | 1.4% |
| 2015 | 15,238 | 2.9% |
| 2014 | 14,815 | 3.6% |
| 2013 | 14,296 | 6.7% |
| 2012 | 13,397 | 4.5% |
| 2011 | 12,815 | 1.5% |
| 2010 | 12,624 | - |
19.6% White with 2,611 White residents.
27.6% African American with 3,681 African American residents.
0.1% American Indian with 18 American Indian residents.
37.4% Asian with 4,986 Asian residents.
0.0% Hawaiian with 0 Hawaiian residents.
0.5% Other with 66 Other residents.
3.7% Two Or More with 487 Two Or More residents.
11.1% Hispanic with 1,478 Hispanic residents.
| Race | Franklin Park | NJ | USA |
|---|---|---|---|
| White | 19.6% | 51.9% | 58.2% |
| African American | 27.6% | 12.3% | 12.0% |
| American Indian | 0.1% | 0.1% | 0.5% |
| Asian | 37.4% | 9.8% | 5.7% |
| Hawaiian | 0.0% | 0.0% | 0.2% |
| Other | 0.5% | 0.8% | 0.5% |
| Two Or More | 3.7% | 3.2% | 3.9% |
| Hispanic | 11.1% | 21.9% | 19.0% |
Franklin Park is 53.0% female with 7,067 female residents.
Franklin Park is 47.0% male with 6,259 male residents.
| Gender | Franklin Park | NJ | USA |
|---|---|---|---|
| Female | 53.0% | 50.8% | 50.5% |
| Male | 47.0% | 49.2% | 49.5% |
3.0% of adults in Franklin Park completed < 9th grade.
4.0% of adults in Franklin Park completed 9-12th grade.
16.0% of adults in Franklin Park completed high school / ged.
11.0% of adults in Franklin Park completed some college.
8.0% of adults in Franklin Park completed associate's degree.
32.0% of adults in Franklin Park completed bachelor's degree.
21.0% of adults in Franklin Park completed master's degree.
4.0% of adults in Franklin Park completed professional degree.
1.0% of adults in Franklin Park completed doctorate degree.
| Education | Franklin Park | NJ | USA |
|---|---|---|---|
| < 9th Grade | 3.0% | 3.0% | 5.0% |
| 9-12th Grade | 4.0% | 5.0% | 6.0% |
| High School / GED | 16.0% | 26.0% | 26.0% |
| Some College | 11.0% | 15.0% | 19.0% |
| Associate's Degree | 8.0% | 7.0% | 9.0% |
| Bachelor's Degree | 32.0% | 26.0% | 21.0% |
| Master's Degree | 21.0% | 13.0% | 10.0% |
| Professional Degree | 4.0% | 3.0% | 2.0% |
| Doctorate Degree | 1.0% | 2.0% | 2.0% |
1.4% of households in Franklin Park earn Less than $10,000.
3.6% of households in Franklin Park earn $10,000 to $14,999.
3.7% of households in Franklin Park earn $15,000 to $24,999.
5.6% of households in Franklin Park earn $25,000 to $34,999.
4.5% of households in Franklin Park earn $35,000 to $49,999.
11.4% of households in Franklin Park earn $50,000 to $74,999.
7.8% of households in Franklin Park earn $75,000 to $99,999.
24.6% of households in Franklin Park earn $100,000 to $149,999.
19.9% of households in Franklin Park earn $150,000 to $199,999.
17.5% of households in Franklin Park earn $200,000 or more.
| Income | Franklin Park | NJ | USA |
|---|---|---|---|
| Less than $10,000 | 1.4% | 4.0% | 4.9% |
| $10,000 to $14,999 | 3.6% | 2.9% | 3.6% |
| $15,000 to $24,999 | 3.7% | 5.0% | 6.6% |
| $25,000 to $34,999 | 5.6% | 5.3% | 6.8% |
| $35,000 to $49,999 | 4.5% | 8.0% | 10.4% |
| $50,000 to $74,999 | 11.4% | 12.9% | 15.7% |
| $75,000 to $99,999 | 7.8% | 11.4% | 12.7% |
| $100,000 to $149,999 | 24.6% | 18.0% | 17.4% |
| $150,000 to $199,999 | 19.9% | 11.7% | 9.3% |
| $200,000 or more | 17.5% | 20.7% | 12.6% |