Franklin Township Hourly Wage & Salary 2026
Franklin Township, NJ: $31.34/hr median hourly wage, $65,180 median annual salary, cost of living index 130.6, and $15.13/hr minimum wage. Calculate take-home pay with federal and New Jersey taxes.
Franklin Township Hourly Wage Quick Answer
The median hourly wage in Franklin Township, NJ is $31.34/hr, equivalent to $65,180 per year at 2,080 work hours. Entry-level pay estimates around $19.43/hr, senior-level pay estimates around $44.50/hr, and the local minimum wage is $15.13/hr.
Median Salary
$65,180
$31.34/hr
Cost of Living
130.6
US avg = 100
Minimum Wage
$15.13
per hour
Unemployment
3.9%
rate
Franklin Township, NJ Overview
Population
67,698
Median Salary
$65,180
Average Salary
$73,002
Avg Commute
17 min
Median Home Price
$454,000
Median Rent
$1,850/mo
Job Growth
+0.9%
Sales Tax
6.625%
Franklin Township is located in New Jersey with a population of 67,698. The median household salary is $65,180 per year ($31.34/hour), which is $5,796 above the national median of $59,384. The average commute time is 17 minutes, and the city has a job growth rate of +0.9%.
Franklin Township Salary by Experience Level (2026)
Wage distribution in Franklin Township, NJ based on BLS percentile breakdown of the $65,180 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $40,412 | $19.43/hr | 0–2 years |
| Mid-Level (Median) | $65,180 | $31.34/hr | 3–7 years |
| Senior-Level | $92,556 | $44.50/hr | 8–15 years |
| Top 10% (90th Percentile) | $116,020 | $55.79/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Franklin Township Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Franklin Township, NJ, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$48,705
$4,058.79/month · $1,873.29/biweekly · Effective Rate: 25.3%
Gross Pay
$65,180
Federal Tax
-$5,642
State Tax
-$5,847
Local Tax
$0
FICA
-$4,986
Net Pay
$48,705
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,431.67 | $65,180.00 |
| Federal Income Tax | -$470.13 | -$5,641.60 |
| New Jersey State Tax (8.97%) | -$487.22 | -$5,846.65 |
| Social Security (6.2%) | -$336.76 | -$4,041.16 |
| Medicare (1.45%) | -$78.76 | -$945.11 |
| Net Take-Home Pay | $4,058.79 | $48,705.48 |
Salary Comparison: Franklin Township vs Other Cities
See how Franklin Township's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Franklin Township, NJ | $65,180 | 130.6 | $49,908 |
| National Average | $59,384 | 100 | $59,384 |
| Danvers, MA | $65,175 | 125.4 | $51,974 |
| Riverhead, NY | $65,192 | 122.4 | $53,261 |
| Windsor, CO | $65,194 | 105.3 | $61,913 |
| Fairbanks, AK | $65,200 | 120 | $54,333 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Franklin Township
Franklin Township's cost of living index is 130.6 (national average = 100). Living in Franklin Township is 30.599999999999994% more expensive than the national average.
Median Home Price
$454,000
Median Monthly Rent
$1,850
Annual Rent Cost
$22,200
Your Salary's Purchasing Power
Your $48,705 annual take-home pay in Franklin Township has the purchasing power of approximately $37,294 in an average-cost US area. You would need to earn $85,125 in Franklin Township to match a $65,180 salary in an average-cost city.
Top Industries in Franklin Township
Franklin Township's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $65,180.
Salary Tips for Franklin Township Workers
- Negotiate for cost of living. Franklin Township has a cost of living 30.599999999999994% above the national average. When negotiating salary, factor in the higher housing and living costs to ensure your real purchasing power stays competitive.
- Maximize pre-tax deductions. With a 8.97% state income tax rate, maximizing 401(k) contributions (up to $24,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. Franklin Township's top industries include Pharmaceuticals, Finance, Logistics. Targeting roles in these sectors can help you earn above the $65,180 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Methodology & Local Economy Data Sources
How we calculate Franklin Township salary data: Our citywide compensation figures aggregate occupation-specific salary data from BLS Occupational Employment and Wage Statistics for the Franklin Township-NJ metropolitan statistical area (MSA), weighted by local employment counts. Cost-of-living adjustments use the C2ER Cost of Living Index baseline of 100 (national average), with Franklin Township indexed at 130.6.
- Median salary calculation: weighted average of Franklin Township's occupation-specific medians from BLS OEWS, adjusted for local cost of living. Net result: $65,180 annual median.
- Tax burden reflects New Jersey state income tax (8.97%) (no local income tax), sales tax (6.625%), and federal taxes per IRS 2026 brackets.
- Unemployment rate for Franklin Township: 3.9%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Pharmaceuticals, Finance, Logistics — based on QCEW employment concentration data.
- Job growth: 0.9% projected through 2034, derived from BLS Employment Projections program for New Jersey.
- Housing context: median home price $454,000, median rent $1,850/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for Franklin Township, NJ:
- BLS Occupational Employment and Wage Statistics (OEWS) — metropolitan area salary data
- BLS Local Area Unemployment Statistics — Franklin Township unemployment rate
- U.S. Census Bureau — Franklin Township QuickFacts — population, housing, demographics
- BLS Quarterly Census of Employment and Wages (QCEW) — county-level industry employment
- BLS Economy at a Glance — New Jersey — state economic indicators
- U.S. Bureau of Economic Analysis (BEA) — local GDP and personal income data
- BLS Consumer Price Index (CPI-U) — regional inflation tracking
Disclaimer: Salary and cost data are estimates for general guidance. Individual compensation varies by employer, experience, education, negotiation, and skills. Franklin Township's rapidly changing economy can shift these baselines — always verify with current job listings, employer offers, and recent New Jersey labor market reports for the most current figures.
Reviewed by Brazora Monk· Last updated 2026 · BLS & Census data current as of latest releases
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
Related Salary Tools
Frequently Asked Questions
What is the hourly wage in Franklin Township, NJ?
The median hourly wage in Franklin Township, NJ is $31.34 per hour. At a standard 2,080-hour work year, that equals about $65,180 per year. Entry-level workers are estimated around $19.43/hr, while senior-level workers are estimated around $44.50/hr before overtime, bonuses, or benefits.
What is the median salary in Franklin Township, NJ?
The median salary in Franklin Township, NJ is $65,180 per year, or $31.34 per hour. The average salary is $73,002. This is $5,796 above the national median of $59,384.
What is the cost of living in Franklin Township, NJ?
Franklin Township's cost of living index is 130.6 (national average = 100), meaning it is 30.599999999999994% more expensive compared to the national average. The median home price is $454,000 and the median monthly rent is $1,850.
What are the best industries in Franklin Township?
The top industries in Franklin Township, NJ include Pharmaceuticals, Finance, Logistics. The city has a job growth rate of 0.9% and an unemployment rate of 3.9%. Workers in these industries often earn above the city's median salary of $65,180.
How does Franklin Township's salary compare to other cities?
Franklin Township's median salary of $65,180 is 9.8% above the national median of $59,384. However, when adjusted for cost of living (index: 130.6), the real purchasing power is approximately $49,908.
What is the minimum wage in Franklin Township, NJ?
The minimum wage in Franklin Township, NJ is $15.13 per hour. This equals approximately $31,470 per year for a full-time worker (40 hours/week). This is $7.88 above the federal minimum wage of $7.25/hour.