salaryRent here is among the highest 10% in the country. Household incomes are higher than in 93% of U.S. cities. A typical house costs about 3.6 years of household income. It is a highly educated city: 63.5% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $130,800 a year. That is $63 an hour at a full-time job.
Is rent cheaper than other New Jersey cities?
No. Rent here is more expensive than in most of New Jersey. It is number 262 of 291 cities from cheapest to most expensive.
How much do households earn in Franklin Center?
Share of households by yearly income. 63.0% of households earn $100,000 or more.
Rent by apartment size in Franklin Center
| Size | Franklin Center | U.S. average |
|---|---|---|
| 1 bedroom | $2,669 | $1,324 |
| 2 bedrooms | $3,423 | $1,509 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Franklin Center overall?
Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Franklin Center, so the New Jersey figure is shown.
Taxes and bills in Franklin Center
Life in Franklin Center
Is it cheaper to rent or buy in Franklin Center?
Renting is cheaper right now: about $976 a month less.
Owning assumes a typical $612,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $61,200 for the down payment.
Frequently asked questions
What is the average rent in Franklin Center, NJ?
Renting in Franklin Center costs a median of about $3,270 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Franklin Center?
To keep rent under 30% of income, you need about $130,800 a year, or $63 an hour at a full-time job.
Is Franklin Center cheap or expensive?
Franklin Center is rated OK: rent takes 23.1% of the typical household income of $169,553. It ranks 262nd cheapest of 291 New Jersey cities we track.
How much are property taxes in Franklin Center?
The median homeowner in Franklin Center pays $10,000+ a year in property taxes, about 1.63% of the median home value.
Is Franklin Center more expensive than the national average?
Overall prices in New Jersey are 9% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Franklin Center?
The median home value in Franklin Center is $612,000, about 3.6 times the typical yearly household income.
6,646 people live in Franklin Center. Numbers are typical (middle) values.