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.
Located in the state of New Jersey, Franklin is a small city with a population of 4,737 inhabitants. The majority of Franklin residents report their race to be White; this is followed by Black and Asian. In Franklin, there seems to be a shift in population towards an older age group. The average age of the population is now 50, which is significantly higher than the nation’s average. Something to be aware of when living in Franklin are the above average commute times. If you're looking for a short commute to work, this might not be the right area for you. With one way commute time of 35 minutes, this comes in much higher than the national average of 26 minutes.
If you’re considering moving to any new city, it could be a very daunting task. However, it could also be a great experience if you are willing to get to know the city before actually living in Franklin, New Jersey. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. 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 health & safety, employment, housing and other important metrics.
Using data and statistics Franklin has received a livability score of 60 out of 100. This score is ranked in the 43rd percentile when compared to all other cities. This score ranks well below the national average. With such a low livability score, it might be worth investigating a little further. If we dig a little deeper into each category within the livability score, we see that Franklin has higher than average rankings for the following: crime (A+), employment (B+) and housing (B+). On a more negative note, Franklin does not have favorable scores for the following: amenities (F) and cost of living (D). If we take a look at the data, we can find out why.
Crime rates can be the deciding factor for anyone looking to relocate to a new area, as the result is often a greater level of safety and security as well as an improved quality of life. Franklin gets top scores for their low violent crime rates of 60 crimes per 100,000 residents, which are significantly lower than 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.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Franklin. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Franklin are affordable. The median home price for Franklin homes is $188,000, which is 40.6% 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 2.4, which is 44.2% 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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