What is the median household income in East Franklin, NJ?
The median household income in East Franklin, NJ is $115,458 (±$16,733) a year (2020–2024 American Community Survey).
Paying the median gross rent of $2,056 a month would take about $82,200 a year at the common guideline of spending no more than 30% of income on rent.
In East Franklin, the median household income went from $64,479 in 2015–2019 to $115,458 in 2020–2024 (+79.1%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median household income
- $115,458 (±$16,733)
- Median renter income
- $101,293 (±$10,065)
- Income to afford median rent
- about $82,200
Income in East Franklin against Somerset County, its state and the nation
| East Franklin | Somerset County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $115,458 (±$16,733) | $140,374 (±$3,294) | $103,556 (±$513) | $80,734 |
| Median renter household income | $101,293 (±$10,065) | $82,470 (±$5,113) | $62,674 (±$718) | $52,966 |
| Median owner household income | $142,006 (±$16,872) | $170,007 (±$3,672) | $133,477 (±$624) | $100,009 |
| Median gross rent | $2,056 (±$188) | $2,033 (±$52) | $1,720 (±$7) | $1,413 |
In East Franklin, median household income is lower than in Somerset County ($140,374).
It is not measurably different from New Jersey ($103,556).
It is higher than the national figure ($80,734).
In Somerset County, East Franklin ranks 20 of 24 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 114 of 246.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in East Franklin
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $2,056 a month ($24,672 a year) needs an income of about $82,200 a year.
The median renting household in East Franklin earns $101,293 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $64,479 (±$23,314) | $115,458 (±$16,733) | +79.1% | Up after inflation |
| Median gross rent | $1,360 (±$107) | $2,056 (±$188) | +51.2% | Up after inflation |
| Median home value | $268,300 (±$11,881) | $385,900 (±$26,905) | +43.8% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near East Franklin
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| East Franklin | — | $115,458 (±$16,733) | — |
| Voorhees | 1.4 mi | $89,200 (±$71,713) | Not measurably different |
| New Brunswick | 1.5 mi | $65,810 (±$10,751) | Lower |
| Somerset | 1.9 mi | $121,028 (±$9,222) | Not measurably different |
| Highland Park Borough | 2.3 mi | $104,694 (±$24,486) | Not measurably different |
| North Brunswick Township | 3.0 mi | $120,764 (±$7,650) | Not measurably different |
| Middlebush | 3.4 mi | $156,938 (±$83,153) | Not measurably different |
| Milltown Borough | 3.5 mi | $140,960 (±$21,343) | Not measurably different |
| Piscataway Township | 3.6 mi | $127,832 (±$6,354) | Not measurably different |
Nearby places with a measurably lower figure: New Brunswick, NJ ($65,810).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Somerset County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 14 | The Hills | $154,564 (±$23,667) |
| 15 | Hillsborough | $144,112 (±$6,095) |
| 16 | Six Mile Run | $140,379 (±$42,561) |
| 17 | Bedminster | $128,594 (±$64,109) |
| 18 | Somerset | $121,028 (±$9,222) |
| 19 | Finderne | $118,064 (±$15,335) |
| 20 | East Franklin | $115,458 (±$16,733) |
| 21 | Franklin Park | $114,946 (±$7,221) |
| 22 | Kingston | $110,813 (±$24,658) |
| 23 | Voorhees | $89,200 (±$71,713) |
| 24 | Weston | $83,197 (±$20,569) |
Showing 11 of 24 places in Somerset County, ranked from highest to lowest.
East Franklin is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Franklin Township (Somerset County), whose figures include it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about East Franklin
What is the median household income in East Franklin?
The median household income in East Franklin is $115,458 (±$16,733) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in East Franklin?
About $82,200 a year, if rent is to stay at or below 30% of income at the median gross rent of $2,056 a month.
Have incomes in East Franklin kept up with inflation?
In East Franklin, the median household income went from $64,479 in 2015–2019 to $115,458 in 2020–2024 (+79.1%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
What do renters earn in East Franklin?
The median renting household in East Franklin, NJ earns $101,293 (±$10,065) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — East Franklin CDP, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — East Franklin CDP, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — East Franklin CDP, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — East Franklin CDP, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — East Franklin CDP, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — East Franklin CDP, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for East Franklin CDP, New Jersey (place:19130, in state:34).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Median rent in East Franklin
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- Renters and owners in East Franklin
- Home values in East Franklin
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- Property taxes in East Franklin
- Types of homes in East Franklin
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- Age of homes in East Franklin
- Vacancy rate in East Franklin
- Heating fuel in East Franklin
- Commute and cars in East Franklin
- Population growth in East Franklin
- How long people stay in East Franklin
- Crowding and facilities in East Franklin
- New Jersey landlord and tenant rules
- Housing across Somerset County
- New Jersey places ranked by median household income
- Housing data for every place in New Jersey