The average worker at this company makes about $58,000 each year. With a headquarters right in the city, they have revenues approaching $2.5B each year and more than 11,000 employees. Additionally, many people choose to commute to other areas of the state or region.Ĭatalent is a pharmaceutical company that produces a variety of healthcare products and technology. As part of the New York City metropolitan area, Franklin Township companies offer a wide variety of employment possibilities. The biggest and most noteworthy employers within a city often greatly influence the town's culture and potential opportunities. Sometimes the best way to understand a community is by finding out where most of the people work. Somerset in Franklin Township, New Jersey Cost of Living.Cost of Living Calculator Somerset in Franklin Township, New Jersey.

Cost of Living in Franklin Township, New Jersey.More information about cost of living in Franklin Township: A four-bedroom house or apartment costs about $2,676 a month, which is more than the national numbers at $1,791.

Two-bedroom abodes will cost about $1,886, and adding a third room raises the cost to approximately $2,410. One-bedroom apartments average $1,586, which is more than the state average of $1,208. Renting a studio apartment in Franklin Township will cost about $1,439 a month, which is more than the U.S. That's about the same as the median price for a house anywhere in New Jersey and more than the U.S. Those wishing to purchase a house will pay $329,000 for a home at the median cost level. Housing costs are around 42.4% higher across the board. Consumers within the area pay 45.3% more to travel around the city. Transportation costs are the most expensive when compared to average. Getting medical care in Franklin Township only requires about 88.7% of the price for similar services elsewhere. Fortunately, health care costs will save most consumers money. Miscellaneous costs like repairs and clothing are similarly priced at 18.9% more expensive. Utility expenses are about 15% above normal. Grocery costs are about 5.4% above average, so many consumers may not notice much of a difference at the store. However, the actual impact of this cost of living may depend on several lifestyle factors and associated charges. In Franklin Township, living costs are ranked at about 126.5% of the costs in a typical community, meaning in general, it requires about $127 to purchase the same amount of goods and services as $100 in an average city. Receiving the same amount of money in a place with a higher cost of living means lower actual buying power. Understanding the cost of living can help new residents evaluate any salary or expected earnings. Read on to discover a few things to consider before relocating to Franklin Township, New Jersey. Understanding the job market, entertainment scene, climate, and other factors can help predict the expected lifestyle once the move is complete.

However, before making a move to any new community, it's necessary to conduct research. Incoming residents can definitely find a home in Franklin's townhouses and condos or the new construction homes in Franklin. However, the 1990 population was only 42,780, indicating a significant commercial and residential growth explosion in the last 30 years. The community grew by more than 5% in the last decade, indicating a steady and stable local economy.

With a 2019 population of 65,642, it's the largest city in Somerset County, New Jersey. However, even today, it's mostly considered a rural community. Regardless, the area survived as a farming community up to the 20th century when new developments modernized the town. Opinions differ on whether the city was named for Benjamin Franklin himself or one of his sons. First formed in the 1700s, the area now called Franklin Township was incorporated in 1798 and eventually named for a member of the Franklin family.

Franklin township