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

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Highlights
- Household income in Mendham township, is 121% more than it is in Franklin township (Somerset County) and is 69% above the National Average.
- Franklin township (Somerset County) unemployment rate is 6.8%.
- Mendham township unemployment rate is 6.2%.

Economy
 Franklin township (Somerset County), NJMendham township, NJUnited States
 Unemployment Rate6.8%6.2%6.0%
 Recent Job Growth-0.7%-0.7%1.6%
 Future Job Growth23.7%23.5%33.5%
 Sales Taxes6.6%6.6%6.2%
 Income Taxes5.5%5.5%4.6%
 Income per Cap.$49,465$120,555$37,638
 Household Income$99,271$219,135$69,021
 Family Median Income$119,517$250,001$85,028
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 Est. Households By Income
 Franklin township (Somerset County), NJMendham township, NJUnited States
 Income Less Than 15K4.6%3.5%9.4%
 Income between 15K and 20K1.7%0.4%3.8%
 Income between 20K and 30K4.7%1.4%8.1%
 Income between 30K and 40K6.4%1.5%8.0%
 Income between 40K and 50K5.2%2.1%7.6%
 Income between 50K and 60K4.9%0.8%7.2%
 Income between 60K and 75K7.9%0.3%9.6%
 Income between 75K and 100K15.0%5.6%12.8%
 Income between 100K and 150K20.2%18.5%16.3%
 Income between 150K and 200K11.4%12.2%7.8%
 Income greater than 200K18.0%53.6%9.5%
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 Population By Occupation
 Franklin township (Somerset County), NJMendham township, NJUnited States
 Management, business, finance24.1%34.7%16.4%
 Engineering, computers, science12.7%10.3%6.5%
 Community, social services1.7%1.0%1.8%
 Legal1.4%7.6%1.2%
 Education, library6.0%9.0%6.2%
 Arts, design, media, sports, entertainment2.1%1.3%2.0%
 Healthcare practitioners and technology5.9%5.9%6.2%
 Healthcare support3.1%0.7%3.3%
 Firefighters, law enforcement2.2%2.1%2.1%
 Food preparation, serving3.8%0.0%5.4%
 Building maintenance2.6%0.5%3.6%
 Personal care2.4%4.1%2.6%
 Sales, office, administrative support16.0%17.7%20.9%
 Farming, fishing, forestry0.4%0.3%0.6%
 Construction, extraction, maintenance/repair4.5%4.0%8.1%
 Production, transportation, material moving11.2%0.8%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 Mendham Township    0 Reviews

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