Is Franklin Square, New York a Good Place To Live? - Living In Franklin Square, NY

Is Franklin Square, New York a good place to live?
Franklin Square is a city in New York state in USA with a population of 31537 residents.. The poverty rate of Franklin Square is 4.1%, which is 71% lower than national average. The typical household in Franklin Square earns $111749 a year, compared to the national median of $67,500. Nearly 17.8% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Franklin Square, only 90% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Franklin Square remained 3.6%, which is 23% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Franklin Square, only 36% of adults have a bachelor's degree and 28% have some college but no degree.

Cost of living in Franklin Square is 153, which is 53% higher than national average. Median home value in Franklin Square is $517700 , which is 125% higher than national average. While median income in Franklin Square remained $111749, which is 66% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
31537
Unemployment
3.6%
23% NAT AVG.
Poverty
4.1%
71% NAT AVG.
Overall Score
7
Median Home Cost
$517700
125% NAT AVG.
Median Income
$111749
66% NAT AVG.
Median Rent
$1778
53% NAT AVG.
Cost Of Living
153
53% NAT AVG.
People Living BPL
1 in 24
Unemployed People
1 in 28
People Earning < $10,000
1 in 63
People Earning < $50,000
17.8%
People with <= High School
1 in 2.8
People With Any Degree
1 in 2.3
Pros & Cons Overview

Jobs85%

Housing95%

Affordability60%

Safety95%

Amenities95%

Diversity90%

Education80%

Commute30%