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The total population of Franklin township is estimated to be 68,219 with 33,196 males (48.66%) and 35,023 females (51.34%). There are 1,827 more females than males in Franklin township.
The median household income in Franklin township was $107,303 in 2021, which marked an an increase of 1,278(1.21%) from $106,025 in 2020. This income is 143.83% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
In Franklin township, the median income for all workers aged 15 years and older, regardless of work hours, was $66,049 for males and $42,655 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $85,899 for males and $70,088 for females.
In Franklin township, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, Asian households have the highest median household income at $152,638, while White households represent the opposite end with the lowest median household income of $90,776.
In 2022, the population of Franklin township was 68,578, a 0.07% decrease year-by-year from 2021. Previously, in 2021, Franklin township's population was 68,629, an increase of 0.47% compared to a population of 68,309 in 2020.
The median age in Franklin township, Somerset County, New Jersey is 40.4, as per 2021 ACS 5-Year Estimates. Of the total population, 16.93% were under the age of 15, 18.37% aged 15 to 29, 46.95% aged 30 to 64, 15.38% aged 65 to 84, and 2.36% were 85 years of age and older.
Racial distribution of Franklin township population: 37.94% are White, 27.34% are Black or African American, 0.09% are American Indian and Alaska Native, 23.25% are Asian, 0.01% are Native Hawaiian and other Pacific Islander, 6.17% are some other race and 5.20% are multiracial.