Cost of Living in Franklin Center, NJ

Get 300+ Local Insights for Any Address in Franklin Center, NJ

Get Access to 300+ Local Data Points
F
50%
Overall NAT. AVG.
9%
Groceries NAT. AVG.
138%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Franklin Center New Jersey National
Cost of living150125100
Groceries109108100
Health care114112100
Housing238157100
Transportation112114100
Utilities115111100
Lifestyle & Entertainment112113100
Household Items109107100
Education & Childcare124120100
Does this Area Fit Your Budget? Local Insights Report
  • Know the community before you call it home
  • Compare multiple areas side by side
  • Access over 300 data points for any address
Local Insights Report

Homes For Sale In Franklin Center, NJ

property for sale

281 Longwood Ln

Somerset, NJ
property for sale

2304 Courtney Ln

Somerset, NJ
property for sale

282 Longwood Ln

Somerset, NJ
property for sale

23 Schindler Ct

Somerset, NJ

Cost Of Living Quick Facts

  • The cost of living in Franklin Center is 20% higher than the New Jersey average
  • The cost of living in Franklin Center is 50% higher than the national average
  • Franklin Center housing is 138% higher than the national average
  • New Jersey general sales tax is 30% higher than the national average
  • New Jersey state income tax is 46% lower than the national average

Most Affordable Places to Live in and Around Franklin Center

See all the best places to live around Franklin Center

Compare Franklin Center, NJ Cost of Living

City Image
    City Default Image
      vs
      How would you rate the cost of living in Franklin Center?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Franklin Center?
      Write a review to give others more information about this area.
      See all Franklin Center poll results

      The best places in New Jersey

      Here are the best places to live in New JerseyCheck out the 10 most dangerous cities in New JerseySafest States In The USMost Dangerous Cities In The US
      Best Places in New Jersey

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$162,911$13,576$3,801$4,888
      Renters$169,924$14,160$3,965$5,098
      To approximate the cost of living and the housing affordability in Franklin Center, NJ, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Franklin Center have a median income of $162,911. Therefore, the amount that a consumer should spend on housing costs should be no more than $3,801 per month to avoid calamity and poverty. The renters in the city have an income of about $169,924, which would make their monthly maximum allowable rental costs $3,965.

      New Jersey Sales Tax

      State General Sales Tax With Max Surtax
      New Jersey 6.625% 12.625%

      New Jersey Income Tax

      State Income Tax (Low) Income Tax (High)
      New Jersey 1.4% 10.75%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Zarephath, NJ9811312.8%
      Rossmoor, NJ2,7691043.7%
      Roselle, NJ22,32111615.7%
      Jamesburg, NJ6,03412020.1%
      Plainfield, NJ51,29512221.5%
      Franklin Center, NJ5,69715050.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      East Ferris, ON5,697n/a 
      Tracyton, WA5,69212121.4%
      Charleston, MO5,6918218.4%
      Waterford, WI5,6911033.2%
      Lake Bluff, IL5,70316665.8%
      Franklin Center, NJ5,69715050.3%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2026