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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

Change Over Time (2013, 2023)

Population Change
+3.6%
10,734 → 11,122
over 10 years
Annual Pop. Growth
+0.36%
Compound annual growth rate
Median Income Change
+54.3%
$149,671 → $230,987
nominal, not inflation-adjusted
Annual Income Growth
+4.43%
Compound annual growth rate

Population Over Time

Total population for Franklin Lakes across each available Census ACS release.

Median Household Income Over Time

Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).

Projected 2030

Simple projections extrapolating the 2013, 2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts, real outcomes depend on migration, policy and economic shifts.

Projected Population 2030
11,405
+283 from 2023 (11,122)
Projected Median Income 2030
$312,870
+$81,883 from 2023 ($230,987)

Year-by-Year Detail

Year Population YoY % Median Income YoY %
2013 10,734 - $149,671 -
2015 10,751 +0.2% $156,146 +4.3%
2017 11,062 +2.9% $155,458 -0.4%
2019 11,124 +0.6% $172,766 +11.1%
2021 10,982 -1.3% $188,272 +9%
2023 11,122 +1.3% $230,987 +22.7%
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.