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Franklin Lakes, NJ
Full City Profile · New Jersey · Passaic County County
3.7
/5.0
B+
Good
11,011
Population
1,170/sq mi density
$230,987
Median Income
$110,566 per capita
$1,217,500
Home Value
$1,503,991 Zillow
$3,334
Median Rent
36.0% income on rent
52°F
Avg Temperature
275 sunny days/yr
45
Violent Crime/100K
531 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$230,987 median income, 1.3% unemployment
B+
Affordability
3.7 / 5.0
$1,217,500 home value, $3,334/mo rent
F
Safety
1.0 / 5.0
45 violent crimes/100K
A+
Education
5.0 / 5.0
78.9% bachelor's degree or higher
Income Overview
Median Household Income
$230,987
207% above
US avg: $75,149
Per Capita Income
$110,566
183% above
US avg: $39,052
Unemployment Rate
1.3%
64% below
US avg: 3.6%
Poverty Rate
3.4%
73% below
US avg: 12.4%
Income Comparison: Franklin Lakes vs. U.S. Average
Each bar shows Franklin Lakes’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$230,987
307%
Per Capita
US: $39,052
$110,566
283%
IRS Avg AGI
US: $72,000
$71,402
99%
Avg Weekly Wage
US: $1,432
$1,224
85%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,224
15% below US avg ($1,432)
Mean Commute Time
37 min
32% above US avg (28 min)
Work From Home
29.2%
92% above US avg (15.2%)
Drive Alone
55.8%
24% below US avg (73.2%)
Public Transit
6.3%
27% above US avg (5.0%)
County GDP
$29,074M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
55.8%
Public Transit
6.3%
Work From Home
29.2%
Other
8.7%
Average commute time
37 minutes
US avg: 28 min
Business Landscape
Total Establishments
15,191
Restaurants
1,085
Healthcare
1,495
Retail
1,866
Manufacturing
611
Tax & Financial
IRS Avg Adjusted Gross Income
$71,402
1% below US avg ($72,000)
Avg Property Tax
$11,450
227% above US avg ($3,500)
Cost of Living Index
108.8
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $230,987 |
| Per Capita Income | $110,566 |
| IRS Avg Adjusted Gross Income | $71,402 |
| Avg Weekly Wage | $1,224 |
| County GDP | $29,074M |
Hardship Indicators
| Unemployment Rate | 1.3% |
| Poverty Rate | 3.4% |
| Gini Coefficient | 0.464 |
| Cost of Living Index | 108.8 |
Commute
| Mean Commute | 37 minutes |
| Drive Alone | 55.8% |
| Public Transit | 6.3% |
| Work From Home | 29.2% |
Businesses
| Total Establishments | 15,191 |
| Restaurants | 1,085 |
| Healthcare | 1,495 |
| Retail | 1,866 |
| Manufacturing | 611 |
Tax
| IRS Avg AGI | $71,402 |
| Avg Property Tax | $11,450 |