salaryRent is higher than in 90% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 31.3 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $108,960 a year. That is $52 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 217 of 291 cities from cheapest to most expensive.
How much do households earn in Franklin Park?
Share of households by yearly income. 45.8% of households earn $100,000 or more.
Rent by apartment size in Franklin Park
| Size | Franklin Park | U.S. average |
|---|---|---|
| 1 bedroom | $1,987 | $1,324 |
| 2 bedrooms | $2,483 | $1,509 |
| 3 bedrooms | $3,024 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Franklin Park 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 Park, so the New Jersey figure is shown.
Taxes and bills in Franklin Park
Life in Franklin Park
Is it cheaper to rent or buy in Franklin Park?
Buying is cheaper month to month: about $388 a month less than renting.
Owning assumes a typical $336,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $33,660 for the down payment.
Frequently asked questions
What is the average rent in Franklin Park, NJ?
Renting in Franklin Park costs a median of about $2,724 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Franklin Park?
To keep rent under 30% of income, you need about $108,960 a year, or $52 an hour at a full-time job.
Is Franklin Park cheap or expensive?
Franklin Park is rated OK: rent takes 26.4% of the typical household income of $123,969. It ranks 217th cheapest of 291 New Jersey cities we track.
How much are property taxes in Franklin Park?
The median homeowner in Franklin Park pays $6,216 a year in property taxes, about 1.85% of the median home value.
Is Franklin Park 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 Park?
The median home value in Franklin Park is $336,600, about 2.7 times the typical yearly household income.
13,211 people live in Franklin Park. Numbers are typical (middle) values.