What is the median household income in Frankford Township, NJ?
The median household income in Frankford Township, NJ is $117,286 (±$9,215) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,672 a month would take about $66,900 a year at the common guideline of spending no more than 30% of income on rent.
In Frankford Township, the median household income went from $87,204 in 2015–2019 to $117,286 in 2020–2024 (+34.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $117,286 (±$9,215)
- Median renter income
- $74,038 (±$31,390)
- Income to afford median rent
- about $66,900
Income in Frankford Township against Sussex County, its state and the nation
| Frankford Township | Sussex County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $117,286 (±$9,215) | $116,186 (±$2,466) | $103,556 (±$513) | $80,734 |
| Median renter household income | $74,038 (±$31,390) | $61,606 (±$4,703) | $62,674 (±$718) | $52,966 |
| Median owner household income | $118,846 (±$14,193) | $128,019 (±$3,672) | $133,477 (±$624) | $100,009 |
| Median gross rent | $1,672 (±$271) | $1,585 (±$67) | $1,720 (±$7) | $1,413 |
In Frankford Township, median household income is not measurably different from Sussex County ($116,186).
It is also higher than in New Jersey ($103,556).
It is higher than the national figure ($80,734).
In Sussex County, Frankford Township ranks 11 of 23 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 252 of 561.
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 Frankford Township
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 $1,672 a month ($20,064 a year) needs an income of about $66,900 a year.
The median renting household in Frankford Township earns $74,038 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 | $87,204 (±$8,761) | $117,286 (±$9,215) | +34.5% | No measurable change after inflation |
| Median gross rent | $1,456 (±$268) | $1,672 (±$271) | +14.8% | No measurable change after inflation |
| Median home value | $320,200 (±$30,112) | $418,400 (±$31,488) | +30.7% | No measurable change 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 Frankford Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Frankford Township | — | $117,286 (±$9,215) | — |
| Branchville Borough | 1.3 mi | $126,458 (±$49,925) | Not measurably different |
| Lafayette Township | 4.6 mi | $129,038 (±$25,455) | Not measurably different |
| Sandyston Township | 5.2 mi | $104,219 (±$13,614) | Not measurably different |
| Hampton Township | 5.7 mi | $109,676 (±$9,096) | Not measurably different |
| Crandon Lakes | 6.1 mi | $94,167 (±$38,054) | Not measurably different |
| Sussex Borough | 7.4 mi | $75,500 (±$10,038) | Lower |
| Newton Town | 7.8 mi | $76,221 (±$10,842) | Lower |
| Montague Township | 8.1 mi | $101,250 (±$28,276) | Not measurably different |
Nearby places with a measurably lower figure: Sussex Borough, NJ ($75,500), Newton Town, NJ ($76,221).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Sussex County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 5 | Stanhope Borough | $139,205 (±$19,628) |
| 6 | Byram Township | $138,854 (±$19,177) |
| 7 | Lafayette Township | $129,038 (±$25,455) |
| 8 | Branchville Borough | $126,458 (±$49,925) |
| 9 | Stillwater Township | $123,134 (±$21,471) |
| 10 | Hardyston Township | $120,392 (±$23,890) |
| 11 | Frankford Township | $117,286 (±$9,215) |
| 12 | Vernon Township | $115,873 (±$6,038) |
| 13 | Hopatcong Borough | $115,758 (±$8,113) |
| 14 | Hampton Township | $109,676 (±$9,096) |
| 15 | Ogdensburg Borough | $105,551 (±$7,826) |
| 16 | Sandyston Township | $104,219 (±$13,614) |
| 17 | Montague Township | $101,250 (±$28,276) |
Showing 13 of 23 places in Sussex County, ranked from highest to lowest.
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 Frankford Township
What is the median household income in Frankford Township?
The median household income in Frankford Township is $117,286 (±$9,215) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Frankford Township?
About $66,900 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,672 a month.
Have incomes in Frankford Township kept up with inflation?
In Frankford Township, the median household income went from $87,204 in 2015–2019 to $117,286 in 2020–2024 (+34.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Frankford Township?
The median renting household in Frankford Township, NJ earns $74,038 (±$31,390) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Frankford township, Sussex County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Frankford township, Sussex County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Frankford township, Sussex County, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Frankford township, Sussex County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Frankford township, Sussex County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Frankford township, Sussex County, 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 Frankford township, Sussex County, New Jersey (county subdivision:24810, in state:34 county:037).
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 Frankford Township
- Rent burden in Frankford Township
- Renters and owners in Frankford Township
- Home values in Frankford Township
- Homeowner costs in Frankford Township
- Property taxes in Frankford Township
- Types of homes in Frankford Township
- Bedrooms in Frankford Township
- Age of homes in Frankford Township
- Heating fuel in Frankford Township
- Commute and cars in Frankford Township
- Population growth in Frankford Township
- How long people stay in Frankford Township
- New Jersey landlord and tenant rules
- Housing across Sussex County
- New Jersey places ranked by median household income
- Housing data for every place in New Jersey