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The total population of Franklin township is estimated to be 16,418 with 7,939 males (48.36%) and 8,479 females (51.64%). There are 540 more females than males in Franklin township.
The median household income in Franklin township was $93,773 in 2021, which marked an an increase of 329(0.35%) from $93,444 in 2020. This income is 125.69% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Franklin township sees its highest median household income among householders in the age group of 25 to 44 years old, at $107,319. Overall, the median household income for the township of Franklin township stands at $93,773.
In Franklin township, the median income for all workers aged 15 years and older, regardless of work hours, was $51,794 for males and $30,064 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $75,855 for males and $53,267 for females.
In Franklin township, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, Two or More Races households have the highest median household income at $181,542, while Asian households represent the opposite end with the lowest median household income of $82,644.
In 2022, the population of Franklin township was 16,494, a 0.57% increase year-by-year from 2021. Previously, in 2021, Franklin township's population was 16,401, an increase of 0.10% compared to a population of 16,385 in 2020.
The median age in Franklin township, Gloucester County, New Jersey is 39.9, as per 2021 ACS 5-Year Estimates. Of the total population, 17.00% were under the age of 15, 16.51% aged 15 to 29, 51.43% aged 30 to 64, 14.35% aged 65 to 84, and 0.71% were 85 years of age and older.
Racial distribution of Franklin township population: 83.84% are White, 9.82% are Black or African American, 0.69% are Asian, 2.25% are some other race and 3.39% are multiracial.