What is the median household income in Franklin Township (Hunterdon County), NJ?
The median household income in Franklin Township (Hunterdon County), NJ is $161,169 (±$21,042) a year (2020–2024 American Community Survey).
In Franklin Township (Hunterdon County), the median household income went from $114,943 in 2015–2019 to $161,169 in 2020–2024 (+40.2%).
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
- $161,169 (±$21,042)
- Median renter income
- $74,792 (±$30,401)
Income in Franklin Township (Hunterdon County) against Hunterdon County, its state and the nation
| Franklin Township (Hunterdon County) | Hunterdon County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $161,169 (±$21,042) | $141,715 (±$3,618) | $103,556 (±$513) | $80,734 |
| Median renter household income | $74,792 (±$30,401) | $64,253 (±$6,793) | $62,674 (±$718) | $52,966 |
| Median owner household income | $169,821 (±$17,024) | $160,120 (±$4,658) | $133,477 (±$624) | $100,009 |
| Median gross rent | $3,500 or more | $1,687 (±$51) | $1,720 (±$7) | $1,413 |
In Franklin Township (Hunterdon County), median household income is not measurably different from Hunterdon County ($141,715).
It is also higher than in New Jersey ($103,556).
It is higher than the national figure ($80,734).
In Hunterdon County, Franklin Township (Hunterdon County) ranks 5 of 26 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 101 of 561.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $114,943 (±$10,729) | $161,169 (±$21,042) | +40.2% | No measurable change after inflation |
| Median home value | $453,100 (±$36,003) | $513,300 (±$58,704) | +13.3% | 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 Franklin Township (Hunterdon County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Franklin Township (Hunterdon County) | — | $161,169 (±$21,042) | — |
| Raritan Township | 2.4 mi | $165,174 (±$15,459) | Not measurably different |
| Union Township (Hunterdon County) | 4.7 mi | $137,568 (±$18,275) | Not measurably different |
| Clinton Town | 4.8 mi | $141,146 (±$18,255) | Not measurably different |
| Alexandria Township | 5.3 mi | $160,354 (±$24,724) | Not measurably different |
| Clinton Township | 5.4 mi | $167,109 (±$15,240) | Not measurably different |
| Flemington Borough | 5.6 mi | $69,978 (±$19,622) | Lower |
| Annandale | 5.8 mi | $168,043 (±$45,708) | Not measurably different |
| Frenchtown Borough | 6.9 mi | $97,917 (±$31,400) | Lower |
Nearby places with a measurably lower figure: Flemington Borough, NJ ($69,978), Frenchtown Borough, NJ ($97,917).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Hunterdon County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Delaware Township | $194,219 (±$29,397) |
| 2 | Tewksbury Township | $192,576 (±$27,321) |
| 3 | Clinton Township | $167,109 (±$15,240) |
| 4 | Raritan Township | $165,174 (±$15,459) |
| 5 | Franklin Township (Hunterdon County) | $161,169 (±$21,042) |
| 6 | Alexandria Township | $160,354 (±$24,724) |
| 7 | Readington Township | $157,625 (±$8,667) |
| 8 | East Amwell Township | $152,361 (±$27,890) |
| 9 | West Amwell Township | $151,250 (±$43,753) |
| 10 | Bethlehem Township | $142,434 (±$23,637) |
| 11 | Clinton Town | $141,146 (±$18,255) |
Showing 11 of 26 places in Hunterdon 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 Franklin Township (Hunterdon County)
What is the median household income in Franklin Township (Hunterdon County)?
The median household income in Franklin Township (Hunterdon County) is $161,169 (±$21,042) a year (2020–2024 American Community Survey).
Have incomes in Franklin Township (Hunterdon County) kept up with inflation?
In Franklin Township (Hunterdon County), the median household income went from $114,943 in 2015–2019 to $161,169 in 2020–2024 (+40.2%).
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 Franklin Township (Hunterdon County)?
The median renting household in Franklin Township (Hunterdon County), NJ earns $74,792 (±$30,401) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Franklin township, Hunterdon County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Franklin township, Hunterdon County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Franklin township, Hunterdon County, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Franklin township, Hunterdon County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Franklin township, Hunterdon County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Franklin township, Hunterdon 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 Franklin township, Hunterdon County, New Jersey (county subdivision:24870, in state:34 county:019).
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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- Population growth in Franklin Township (Hunterdon County)
- New Jersey landlord and tenant rules
- Housing across Hunterdon County
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