New Jersey · Metropolitan Area
Franklin Lakes is a small city in New Jersey with a population of 11,011. Residents earn $230,987 per year, which is 207% above the national average.
Based on current data, Franklin Lakes receives an overall livability score of 3.7 out of 5.0, earning a grade of B+. Key strengths include above-average household incomes, low unemployment, low crime rates, a highly educated population. Areas to be aware of include high housing costs, long commute times. Franklin Lakes offers a solid quality of life with a good balance of affordability, safety, and opportunity.
The median household income in Franklin Lakes is $230,987, which is significantly higher than the national average — 207% above $75,149. This places Franklin Lakes among higher-income communities. The job market is very strong with unemployment at just 1.3%. Only 3.4% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 37 minutes, longer than the typical American commute of 28 minutes.
The median home value in Franklin Lakes is $1,217,500, making it a premium housing market at 332% above the U.S. median of $281,900. Renters pay a median of $3,334 per month, significantly above the national average of $1,163. The price-to-income ratio of 5.3x means housing costs are stretched relative to local earnings.
Franklin Lakes is a very safe community with a violent crime rate of 55 per 100,000 residents — well below the national average of 380. Property crime occurs at a rate of 619 per 100,000, 68% below the national average.
Franklin Lakes is a highly educated community — 78.9% of adults hold a bachelor's degree or higher, well above the national average of 33.7%. 98.4% have completed high school. Local schools score 6.2/10 in standardized testing, reflecting strong academic performance.
Franklin Lakes experiences four distinct seasons with an average temperature of 52°F. Winters average 29°F in January while summers reach 74°F in July. Annual precipitation totals 48.2 inches. Air quality is rated Good with a median AQI of 39.
| English Only | 78.9% |
| 1% above US avg | |
| Spanish | 21.1% |
| 57% above US avg |
| Median HH Income | $230,987 |
| 207% above US avg | |
| Per Capita Income | $110,566 |
| Avg Weekly Wage | $1,224 |
| IRS Avg AGI | $71,402 |
| Unemployment | 1.3% |
| 64% below US avg | |
| Poverty Rate | 3.4% |
| 73% below US avg | |
| Establishments (County) | 15,191 |
| County GDP | $29,074M |
| Restaurants | 1,085 |
| Healthcare | 1,495 |
| Retail | 1,866 |
| Manufacturing | 611 |
| Property Tax (IRS) | $11,450 |
| 227% above US avg | |
| Effective Tax Rate | 0.94% |
| Commute Time | 36.5 min |
| Work from Home | 29.2% |
| Census Median | $1,217,500 |
| 332% above US avg | |
| Zillow ZHVI | $1,503,991 |
| Median List Price | $2,100,000 |
| Median List Price | $2,100,000 |
| $/Sq Ft | $421 |
| Homes Sold | 9 |
| Sale-to-List Ratio | 102.0% |
| Price Drops | 2.9% |
| Inventory | 35 |
| Census Median Rent | $3,334 |
| 187% above US avg |
| Studio | $1,599 |
| 1 Bedroom | $1,759 |
| 2 Bedrooms | $2,132 |
| 3 Bedrooms | $2,658 |
| 4 Bedrooms | $3,005 |
| Owner-Occupied | 88.3% |
| Avg Tax (IRS) | $11,450 |
| 227% above US avg | |
| Effective Rate | 0.94% |
| Obesity | 22.7% |
| 29% below US avg | |
| Diabetes | 5.8% |
| Heart Disease | 3.5% |
| High Blood Pressure | 25.2% |
| Asthma | 8.1% |
| COPD | 2.9% |
| Stroke | 1.8% |
| Binge Drinking | 19.9% |
| Physical Inactivity | 14.0% |
| Depression | 15.7% |
| Mental Distress | 13.6% |
| Physical Distress | 7.8% |
| Insurance Rate | 99.2% |
| Checkup Rate | 77.0% |
| Premature Death | 7,211/100K |
| Food Environment | 8.6/10 |
| Exercise Access | 98.8% |
| Healthcare Facilities | 1,495 |
| Total Violent | 55.5/100K |
| 85% below US avg | |
| Murder | 0.0/100K |
| 100% below US avg | |
| Rape | 0.0/100K |
| Robbery | 18.5/100K |
| Assault | 37.0/100K |
| Total Property | 619.5/100K |
| 68% below US avg | |
| Burglary | 74.0/100K |
| Theft | 508.5/100K |
| Vehicle Theft | 37.0/100K |
| Arson | 0.0/100K |
| Fatal Crashes (County/yr) | 25 |
| Safety Grade | F |
| Safety Score | 1.0 / 5.0 |
| Annual Average | 51.8°F |
| 4% below US avg | |
| January Average | 29°F (-2°C) |
| July Average | 74°F (23°C) |
| Annual Rainfall | 48.2 inches |
| 27% above US avg |
| AQI Median | 39.0 |
| Rating | Good |
| Elevation | 527 ft (161 m) |
| Area | 9.4 sq mi (24.4 km²) |
| Population Density | 1,170/sq mi |
| Coordinates | 41.0075°N, 74.2057°W |
| County FIPS | 34031 |
Winner: Republican by 2.9 points
| Bachelor's Degree+ | 78.9% |
| 134% above US avg | |
| High School+ | 98.4% |
| School Test Score | 6.24 |
| RUCC Code 1 | Metro — 1 million+ |
| Population Density | 1,170/sq mi |
| Total Area | 9.4 sq mi |
| EV Charging Stations | 2 |
| Alt Fuel Stations | 2 |
| Public Libraries | 22 |
| Healthcare Facilities | 1,495 |
| Restaurants | 1,085 |
| Retail Stores | 1,866 |
| Fatal Crashes (County/yr) | 25 |
| Avg Commute | 36.5 min |
| Work from Home | 29.2% |