Franklin Square, NY Profile: Facts & Data

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Franklin Square, New York - Basic Facts

The Franklin Square CDP(1) had a population of 30,511 as of July 1, 2022. Franklin Square ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in New York. See peer rankings below.

The primary coordinate point for Franklin Square is located at latitude 40.7073 and longitude -73.676 in Nassau County. The formal boundaries for the Franklin Square Census Designated Place encompass a land area of 2.88 sq. miles and a water area of 0 sq. miles. Nassau County is in the Eastern time zone (GMT -5). The elevation is 66 feet.

The Franklin Square Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Franklin Square Census Designated Place is located within Town of Hempstead, a minor civil division (MCD) of Nassau County.

Alternate Unofficial Names for Franklin Square: Trimming Square, Washington Square.

  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Jump to... (On This Page!)
  1. Franklin Square 2022 Demographic Data
  2. Growth Rates for Franklin Square (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. New York Research Tools (Easy Tools & Current Data)
  3. New York Data Comparison Tool - 2022 Demographics
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Franklin Square, NY Data & Demographics (As of July 1, 2022)

POPULATION

Total Population 30,511 (100%)
Population in Households 30,284 (99.3%)
Population in Families 26,529 (86.9%)
Population in Group Quarters1 227 ( 0.7%)
Population Density 10,595
Diversity Index2 70
 
 

INCOME

Median Household Income $115,099
Average Household Income $141,371
% of Income for Mortgage4 26%
Per Capita Income $45,288
Wealth Index5 166
 

HOUSING

Total HU (Housing Units) 10,176 (100%)
Owner Occupied HU 8,041 (79.0%)
Renter Occupied HU 1,730 (17.0%)
Vacant Housing Units 405 ( 4.0%)
Median Home Value $574,557
Average Home Value $584,243
Housing Affordability Index3 78
 

HOUSEHOLDS

Total Households 9,771
Average Household Size 3.10
Family Households 7,284
Average Family Size 4.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2020-2022 2022-2027
Population -0.57% -0.26%
Households -0.59% -0.30%
Families   -0.34%
Median Household Income   2.57%
Per Capita Income   2.82%
Owner Occupied HU   -0.15%

Franklin Square, NY - Peer Comparisons by Rank and Percentile

The table below compares Franklin Square to the other 1,293 incorporated cities, towns and CDPs in New York by rank and percentile using July 1, 2022 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 45 97th
Population Density # 25 98th
Median Household Income # 279 78th
Housing Affordability Index # 197 15th
Per Capita Income # 497 62nd
Diversity Index # 128 90th

Additional comparisons and rankings can be made with a VERY EASY TO USE New York Census Data Comparison Tool.

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