The economy of Franklin Township is robust, characterized by a mix of major corporate headquarters, extensive retail corridors, and a thriving professional class.
Benefiting from its location in the heart of New Jersey's "Wealth Belt" and its proximity to the Rutgers University network, the local economy leans heavily on the knowledge and life sciences sectors. The median household income is high, though this is somewhat offset by New Jersey's generally high cost of living and property taxes. The township continues to see economic development, particularly in the form of modernized warehouse and logistics facilities, as well as mixed-use residential and retail spaces.