What is the cost of living in Franklin Park, NJ?
According to the most recent data on the cost of living, Franklin Park has an overall cost of living index of 128, which is 1.3x higher than the national index of 100.
Compared to New Jersey, Franklin Park has a cost of living index that's 1.0x higher than New Jersey's index of 125.
The standard of living in Franklin Park ranks as #105 most affordable out of the 262 places we measured in New Jersey. By definition, that implies Franklin Park ranks as the #157 most expensive place in the Garden State.
For more reading on life in Franklin Park, check out:
Franklin Park Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Franklin Park. Here is how it fares on each of the criteria:
The Services index in Franklin Park is 109.
The Groceries index in Franklin Park is 114.
The Health index in Franklin Park is 160.
The Housing index in Franklin Park is 110.
The Transportation index in Franklin Park is 113.
The Utilities index in Franklin Park is 113.
| Living Expense | Franklin Park | New Jersey | National Average |
|---|---|---|---|
| Overall | 128 | 125 | 100 |
| Services | 109 | 107 | 100 |
| Groceries | 114 | 113 | 100 |
| Health | 160 | 155 | 100 |
| Housing | 110 | 116 | 100 |
| Transportation | 113 | 112 | 100 |
| Utilities | 113 | 113 | 100 |
Franklin Park 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 Park Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Franklin Park, 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 Park is $419,413.
The Median Rent in Franklin Park is $2,157.
The Median Income in Franklin Park is $114,946.
The Home Value To Income in Franklin Park is 3.6x.
The Rent To Monthly Income in Franklin Park is 0.23x.
| Statistic | Franklin Park | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $419,413 | $569,411 | $332,700 |
| Median Rent | $2,157 | $1,720 | $1,413 |
| Median Income | $114,946 | $103,556 | $80,734 |
| Home Value To Income | 3.6x | 5.5x | 4.1x |
| Rent To Monthly Income | 0.23x | 0.2x | 0.21x |
Franklin Park, NJ Costs By Category
Detailed Franklin Park Services costs vs. New Jersey
| Item | Franklin Park | 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 Park Groceries costs vs. New Jersey
| Item | Franklin Park | 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 Park Health costs vs. New Jersey
| Item | Franklin Park | New Jersey |
|---|---|---|
| Optometrist | $129.93 | $125.68 |
| Doctor | $124.1 | $135.78 |
| Dentist | $129.94 | $113.29 |
Detailed Franklin Park Transportation costs vs. New Jersey
| Item | Franklin Park | New Jersey |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $72.38 | $59.92 |
Detailed Franklin Park Utilities costs vs. New Jersey
| Item | Franklin Park | New Jersey |
|---|---|---|
| All Electricity | $223.08 | $193.99 |
| Phone | $186.61 | $192.25 |
Franklin Park SnackAbility
Cost Of Living In Cities Around Franklin Park
The cost of living varies in the cities and towns around Franklin Park. 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, 1.4x Franklin Park.
Middlesex, NJ has a cost of living index of 128, 1.0x Franklin Park.
Bradley Gardens, NJ has a cost of living index of 152, 1.2x Franklin Park.
| City | Population | Cost Of Living | Vs. Franklin Park |
|---|---|---|---|
| Westfield, NJ | 31,111 | 182 | 1.4x |
| Middlesex, NJ | 14,645 | 128 | 1.0x |
| Bradley Gardens, NJ | 14,165 | 152 | 1.2x |
| Mercerville, NJ | 13,535 | 122 | 1.0x |
| Hamilton Square, NJ | 11,622 | 127 | 1.0x |
| Martinsville, NJ | 11,559 | 166 | 1.3x |
| White Horse, NJ | 10,507 | 115 | 0.9x |
| Blackwells Mills, NJ | 10,301 | 179 | 1.4x |
| Kendall Park, NJ | 10,011 | 140 | 1.1x |
| Heathcote, NJ | 7,717 | 146 | 1.1x |
