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Franklin Lakes, NJ
Full City Profile · New Jersey · Passaic County County
Franklin Lakes, NJ
At a Glance
How Franklin Lakes Compares to the U.S. Average
Each bar shows Franklin Lakes's value as a percentage of the national average (100% = U.S. avg)
Is Franklin Lakes a Good Place to Live?
Economy & Jobs
Franklin Lakes residents earn a median household income of $230,987 , which is 207% above the national average of $75,149. Per capita income is $110,566. The unemployment rate stands at 1.3% (64% below the U.S. rate of 3.6%). 3.4% of residents live below the poverty line. The area is home to 15,191 business establishments, including 1,085 restaurants.
Housing & Cost of Living
The median home value in Franklin Lakes is $1,217,500 , 332% above the national median of $281,900. Zillow estimates the typical home at $1,503,991. Median rent is $3,334/month, with 36.0% of renters spending more than 30% of income on housing. The cost of living index is 108.8 (100 = national average). The median home was built in 1979.
Safety & Crime
Franklin Lakes reports 45 violent crimes per 100,000 residents , which is 88% below the national average of 380/100K. Property crime is 531/100K. The murder rate is 0.0/100K.
Education
78.9% of adults in Franklin Lakes hold a bachelor's degree or higher (134% above the national average). 98.4% have completed high school. Local schools score 5.2/10 in standardized testing.
Climate & Weather
Franklin Lakes has an average annual temperature of 52°F (11°C). Winters average 29°F in January while summers reach 74°F in July. The area gets 275 sunny days per year. Annual precipitation totals 48.2 inches. Air quality is rated Good with a median AQI of 39.