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2024 Compare Cities Economy:
Franklin township (Somerset County), NJ vs Newark, DE

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Highlights
- Household income in Newark, is 38% less than it is in Franklin township (Somerset County) and is 12% below the National Average.
- Franklin township (Somerset County) unemployment rate is 6.8%.
- Newark unemployment rate is 5.6%.

Economy
 Franklin township (Somerset County), NJNewark, DEUnited States
 Unemployment Rate6.8%5.6%6.0%
 Recent Job Growth-0.7%2.7%1.6%
 Future Job Growth23.7%30.4%33.5%
 Sales Taxes6.6%0.0%6.2%
 Income Taxes5.5%5.6%4.6%
 Income per Cap.$49,465$29,480$37,638
 Household Income$99,271$61,646$69,021
 Family Median Income$119,517$100,100$85,028
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 Est. Households By Income
 Franklin township (Somerset County), NJNewark, DEUnited States
 Income Less Than 15K4.6%14.8%9.4%
 Income between 15K and 20K1.7%4.0%3.8%
 Income between 20K and 30K4.7%10.7%8.1%
 Income between 30K and 40K6.4%7.4%8.0%
 Income between 40K and 50K5.2%7.1%7.6%
 Income between 50K and 60K4.9%5.2%7.2%
 Income between 60K and 75K7.9%8.7%9.6%
 Income between 75K and 100K15.0%13.0%12.8%
 Income between 100K and 150K20.2%13.3%16.3%
 Income between 150K and 200K11.4%8.6%7.8%
 Income greater than 200K18.0%7.3%9.5%
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 Population By Occupation
 Franklin township (Somerset County), NJNewark, DEUnited States
 Management, business, finance24.1%13.6%16.4%
 Engineering, computers, science12.7%9.4%6.5%
 Community, social services1.7%2.6%1.8%
 Legal1.4%1.0%1.2%
 Education, library6.0%14.7%6.2%
 Arts, design, media, sports, entertainment2.1%3.5%2.0%
 Healthcare practitioners and technology5.9%3.1%6.2%
 Healthcare support3.1%1.3%3.3%
 Firefighters, law enforcement2.2%2.8%2.1%
 Food preparation, serving3.8%8.3%5.4%
 Building maintenance2.6%1.6%3.6%
 Personal care2.4%5.6%2.6%
 Sales, office, administrative support16.0%19.4%20.9%
 Farming, fishing, forestry0.4%0.1%0.6%
 Construction, extraction, maintenance/repair4.5%5.4%8.1%
 Production, transportation, material moving11.2%7.7%13.1%

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Reviews for Franklin Township (Somerset County)    2 Reviews

Over 16 years ago

Franklin Park housing is upscale, with condos and townhomes in the low $200,000s to low $300,000 range. There are also a limited number of large 'estate' type homes in  More

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Over 16 years ago

Looking to move out of new jerey to a more relaxed atmosphere as well as a less expensive life style, but with culture and  More

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Start Your Review of Franklin Township (Somerset County)

Reviews for Newark    8 Reviews

Over 12 years ago

Generally, Delaware public schools are dreadful. Most people that can afford it choose to invest in their child or children by sending them anywhere but to a Delaware  More

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I have lived in Newark for 27 years. My great-grandmother owned the Windy Hills development when it was a farm, and my father even grew up in the same house that I did.  More

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I am thinking of moving to Newark, but wanted to know if commuting to Philly is possible, especially outside of 9-5 hours. I see PATCO runs to Newark, but I don't know  More

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ZIPS IN FRANKLIN TOWNSHIP (SOMERSET COUNTY), NEW JERSEY
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ZIPS IN NEWARK, DELAWARE
19711 19717 19716

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