Crime
The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.
Employment
This area excels in the employment category with a score well above average, primarily due to the higher median home income, per capita income and low unemployment rates.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Franklin, New Jersey is a small-sized city with a population of 4,927 inhabitants. If we take a look at the last Census, the vast majority of the population falls within one racial group (91% White). Given that fact, Franklin could be considered less diverse than other cities. With an average age of 50 years, Franklin residents appear to be older compared to the national average. For seniors and retirees, this city presents itself as a compelling choice. Long, unnecessary commutes can be both frustrating and inconvenient when heading to work. Nationwide, the average one-way commute time takes 26 minutes, but regrettably, residing in Franklin entails a longer-than-average one-way commute time, averaging 35 minutes.
Are you trying to ascertain if living in Franklin is the right fit for your lifestyle? To ensure a great experience before relocating to any new city in New Jersey, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. Finding the best places to live in Franklin and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes cost of living, health & safety, employment, housing and other important metrics.
Using data and statistics Franklin has received a livability score of 63 out of 100. This score is ranked in the 49th percentile when compared to all other cities. For each of the livability categories, we see that Franklin ranks very well for crime (A+), employment (A-) and housing (A+). Franklin does not score well for the following: amenities (F) and cost of living (D). It might be wise to take a closer look at each category to find out why.
Ensuring a sense of security is paramount for the majority of residents in any area. Low crime rates exert a positive influence on various aspects, including home prices, rates of home appreciation and the cultivation of positive community dynamics and social cohesion. In the case of Franklin, it boasts a notably low violent crime rate of 0 crimes per 100,000 residents, which significantly outperforms the national average.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Franklin has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Franklin is actually affordable. The median home price for Franklin homes is $336,115, which is 39.5% lower than the New Jersey average. If we take a closer look at the affordability of homes in Franklin, we’ll see that the home price to income ratio is 3, which is 41.2% lower than the New Jersey average.
| Statistic | Franklin | New Jersey | National |
| Average one way commute | 35min | 31min | 26min |
| Workers who drive to work | 84.5% | 71.7% | 76.4% |
| Workers who carpool | 9.3% | 8.1% | 9.3% |
| Workers who take public transit | 0.0% | 11.2% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 1.0% | 3.0% | 2.8% |
| Working from home | 3.6% | 4.1% | 4.6% |
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