3.45% of the population for whom poverty status is determined in Franklin Lakes Borough School District, NJ (382 out of 11.1k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 45 - 54, followed by Males 6 - 11 and then Females 65 - 74.

The most common racial or ethnic group living below the poverty line in Franklin Lakes Borough School District, NJ is White, followed by Asian and Two Or More.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.