How many renters in Franklin Park, NJ pay more than 30% of their income on rent?
46.0% (±12.3 points) of renting households in Franklin Park, NJ spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
36.7% spend 35% or more.
The median renting household spends 28.0% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 46.0% (±12.3 points)
- Paying 35% or more
- 36.7% (±10.9 points)
- Median share of income
- 28.0% (±5.0 points)
Rent as a share of income in Franklin Park
| Share of income spent on rent | Franklin Park | Somerset County | New Jersey | United States |
|---|---|---|---|---|
| Less than 15% | 21.5% (±8.9 points) | 11.5% | 12.2% | 12.6% |
| 15% to 19.9% | 12.1% (±7.0 points) | 13.3% | 12.3% | 12.2% |
| 20% to 24.9% | 10.5% (±5.5 points) | 13.7% | 12.6% | 12.6% |
| 25% to 29.9% | 10.0% (±6.8 points) | 12.5% | 11.4% | 11.5% |
| 30% to 34.9% | 9.3% (±5.8 points) | 8.5% | 8.9% | 9.2% |
| 35% or more | 36.7% (±10.9 points) | 40.5% | 42.7% | 41.9% |
Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.
Franklin Park against Somerset County, its state and the nation
| Franklin Park | Somerset County | New Jersey | United States | |
|---|---|---|---|---|
| Paying 30% or more | 46.0% (±12.3 points) | 49.0% (±3.0 points) | 51.6% (±0.4 points) | 51.1% |
| Paying 35% or more | 36.7% (±10.9 points) | 40.5% (±2.6 points) | 42.7% (±0.4 points) | 41.9% |
| Median share of income | 28.0% (±5.0 points) | 29.6% (±1.0 points) | 30.9% (±0.3 points) | 30.6% |
| Median renter household income | $104,620 (±$26,377) | $82,470 (±$5,113) | $62,674 (±$718) | $52,966 |
| Median gross rent | $2,157 (±$115) | $2,033 (±$52) | $1,720 (±$7) | $1,413 |
In Franklin Park, the share of renters paying 30% or more of income is not measurably different from Somerset County (49.0%).
It is not measurably different from New Jersey (51.6%).
It is not measurably different from the national figure (51.1%).
In Somerset County, Franklin Park ranks 13 of 24 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 140 of 237.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Renters paying 30% or more of income in places near Franklin Park
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Franklin Park | — | 46.0% (±12.3 points) | — |
| Six Mile Run | 1.8 mi | 15.7% (±18.3 points) | Lower |
| Kendall Park | 2.4 mi | 47.6% (±24.5 points) | Not measurably different |
| Ten Mile Run | 2.8 mi | 13.4% (±40.2 points) | Not measurably different |
| Deans | 3.2 mi | 78.6% (±88.4 points) | Not measurably different |
| North Brunswick Township | 3.3 mi | 39.6% (±6.3 points) | Not measurably different |
| Voorhees | 3.7 mi | 20.0% (±19.9 points) | Lower |
| Blackwells Mills | 3.9 mi | 49.3% (±56.8 points) | Not measurably different |
| Middlebush | 4.0 mi | 0.0% (±141.4 points) | Not measurably different |
Nearby places with a measurably lower figure: Six Mile Run, NJ (15.7%), Voorhees, NJ (20.0%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Renters paying 30% or more of income across Somerset County, place by place
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 7 | Green Knoll | 53.1% (±18.8 points) |
| 8 | Blackwells Mills | 49.3% (±56.8 points) |
| 9 | Martinsville | 47.7% (±52.8 points) |
| 10 | Basking Ridge | 47.4% (±24.8 points) |
| 11 | Liberty Corner | 47.2% (±24.5 points) |
| 12 | Finderne | 46.5% (±17.2 points) |
| 13 (tie) | Franklin Park | 46.0% (±12.3 points) |
| 13 (tie) | Hillsborough | 46.0% (±11.8 points) |
| 15 | Bradley Gardens | 42.8% (±17.7 points) |
| 16 | East Franklin | 41.7% (±16.7 points) |
| 17 | The Hills | 41.0% (±12.7 points) |
| 18 | Neshanic Station | 40.1% (±25.0 points) |
| 19 | Franklin Center | 26.1% (±17.7 points) |
Showing 13 of 24 places in Somerset County, ranked from highest to lowest.
Franklin Park 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).
Margins of error are at the 90% confidence level.
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Questions about Franklin Park
Are renters in Franklin Park rent-burdened?
46.0% of renting households in Franklin Park pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What share of income do renters in Franklin Park spend on rent?
The median renting household in Franklin Park, NJ spends 28.0% (±5.0 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Franklin Park CDP, New Jersey
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Franklin Park CDP, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Franklin Park CDP, New Jersey
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 Franklin Park CDP, New Jersey (place:25020, in state:34).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M
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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- New Jersey landlord and tenant rules
- Housing across Somerset County
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