Franklin Lakes, NJ

Census Place

Add Comparison
2024 Population
11,084
US Senator
Cory Booker
Democratic Party
US Senator
Andy Kim
Democratic Party
2024 Median Age
46.3
1.28% 1-year decrease
2024 Poverty Rate
3.45%
7.81% 1-year increase
2024 Median Household Income
$235,795
2.08% 1-year growth
2024 Median Property Value
$1.26M
3.82% 1-year growth
2024 Employed Population
5,072
3.64% 1-year growth

About

None of the households in Franklin Lakes, NJ reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

96.6% of the residents in Franklin Lakes, NJ are U.S. citizens.

In 2024, the median property value in Franklin Lakes, NJ was $1.26M, and the homeownership rate was 88.9%.

Most people in Franklin Lakes, NJ drove alone to work, and the average commute time was 36.5 minutes. The average car ownership in Franklin Lakes, NJ was 2 cars per household.

United StatesNew JerseyBergen County, NJNew York-Newark-Jersey City, NY-NJ-PABergen County (Northwest)--Ramsey, Oakland & Franklin Lakes PUMA, NJPassaic County (Central)--Hawthorne PUMA, NJPassaic County (North)--Ringwood, Wanaque & Pompton Lakes PUMA, NJ

Population & Diversity

Franklin Lakes, NJ is home to a population of 11.1k people, from which 96.6% are citizens. As of 2024, 19.2% of Franklin Lakes, NJ residents were born outside of the country (2.13k people).

In 2024, there were 5.61 times more White (Non-Hispanic) residents (7.91k people) in Franklin Lakes, NJ than any other race or ethnicity. There were 1.41k Asian (Non-Hispanic) and 687 Two Races Including Other (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

96.6%
2024 Citizenship
96.6%
2023 Citizenship

As of 2024, 96.6% of Franklin Lakes, NJ residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Franklin Lakes, NJ was 96.6%, meaning that the rate of citizenship has been decreasing.

The following chart shows US citizenship percentages in Franklin Lakes, NJ compared to that of it's neighboring and parent geographies.

View Data
Save Image

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Franklin Lakes, NJ
  1. White (Non-Hispanic)
    7.91k ± 554
  2. Asian (Non-Hispanic)
    1.41k ± 400
  3. Two Races Including Other (Hispanic)
    687 ± 350
7.76%
Hispanic Population
860 people

In 2024, there were 5.61 times more White (Non-Hispanic) residents (7.91k people) in Franklin Lakes, NJ than any other race or ethnicity. There were 1.41k Asian (Non-Hispanic) and 687 Two Races Including Other (Hispanic) residents, the second and third most common ethnic groups.

7.76% of the people in Franklin Lakes, NJ are hispanic (860 people).

The following chart shows the 8 races represented in Franklin Lakes, NJ as a share of the total population.

View Data
Save Image

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for New Jersey.
Most Common Origin
  1. India
    273,706 ± 12,653 people
  2. Dominican Republic
    205,965 ± 11,018 people
  3. Mexico
    107,667 ± 8,009 people

In 2023, the most common birthplace for the foreign-born residents of New Jersey was India, the natal country of 273,706 New Jersey residents, followed by Dominican Republic with 205,965 and Mexico with 107,667.

View Data
Save Image

Foreign-Born Population

19.2%
2024 Foreign-Born Population
2.13k people
17.7%
2023 Foreign-Born Population
1.95k people

As of 2024, 19.2% of Franklin Lakes, NJ residents (2.13k people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Franklin Lakes, NJ was 17.7%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Franklin Lakes, NJ compared to that of it's neighboring and parent geographies.

View Data
Save Image

Military

Veterans

Most Common Service Period
  1. Vietnam
    115 ± 65
  2. Korea
    50 ± 49
  3. World War II
    10 ± 15

Franklin Lakes, NJ has a large population of military personnel who served in Vietnam, 2.3 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Franklin Lakes, NJ.

View Data
Save Image

Economy

The economy of Franklin Lakes, NJ employs 5.07k people. In 2024, the largest industries in Franklin Lakes, NJ were Professional, Scientific, & Technical Services (1,016 people), Health Care & Social Assistance (693 people), and Finance & Insurance (621 people), and the highest paying industries were Public Administration ($250,001), Finance & Insurance ($229,950), and Manufacturing ($215,300).

Employment

Occupations

5.07k
2024 Value
± 563
3.64%
1 Year growth
± 15.1%

From 2023 to 2024, employment in Franklin Lakes, NJ grew at a rate of 3.64%, from 4.89k employees to 5.07k employees.

The most common job groups, by number of people living in Franklin Lakes, NJ, are Management Occupations (1,193 people), Business & Financial Operations Occupations (712 people), and Sales & Related Occupations (611 people). This chart illustrates the share breakdown of the primary jobs held by residents of Franklin Lakes, NJ.

View Data
Save Image

Unemployment Insurance Claims

Data is only available at the state level. Showing data for New Jersey.

This chart shows weekly unemployment insurance claims in New Jersey (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

View Data
Save Image

Industries

Employment by Industries

5.07k
2024 Value
± 563
3.64%
1 Year growth
± 15.1%

From 2023 to 2024, employment in Franklin Lakes, NJ grew at a rate of 3.64%, from 4.89k employees to 5.07k employees.

The most common employment sectors for those who live in Franklin Lakes, NJ, are Professional, Scientific, & Technical Services (1,016 people), Health Care & Social Assistance (693 people), and Finance & Insurance (621 people). This chart shows the share breakdown of the primary industries for residents of Franklin Lakes, NJ, though some of these residents may live in Franklin Lakes, NJ and work somewhere else. Census data is tagged to a residential address, not a work address.

View Data
Save Image

Median Earnings by Industry

$170,208
Median earning men ± $34,230
$57,558
Median earning women ± $21,064

The industries with the best median earnings for men in 2024 are Finance & Insurance, & Real Estate & Rental & Leasing ($218,750), Educational Services, & Health Care & Social Assistance ($214,500), and Arts, Entertainment, & Recreation, & Accommodations & Food Services ($210,066).

The industries with the best median earnings for women in 2024 are Manufacturing ($216,150), Public Administration ($183,875), and Wholesale Trade ($120,663).

View Data
Save Image

Employment by Industry Sector

Data is only available at the state level. Showing data for New Jersey.
Y-Axis
2.27%
Year-over-year growth
Employment change between February 2022 and February 2023

As of February 2023, there are 4.24M people employed in New Jersey. This represents a 2.27% increase in employment when compared to February 2022.

Right after the beginning of the COVID-19 pandemic, during April 2020, a general dip can be seen across industry sectors, resulting in an overall decline in employment by 16.5%.

The following chart shows monthly employment numbers for each industry sector in New Jersey.

View Data
Save Image

Housing & Living

The median property value in Franklin Lakes, NJ was $1.26M in 2024, which is 3.8 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $1.22M to $1.26M, a 3.82% increase. The homeownership rate in Franklin Lakes, NJ is 88.9%, which is higher than the national average of 65.2%.

People in Franklin Lakes, NJ have an average commute time of 36.5 minutes, and they drove alone to work. Car ownership in Franklin Lakes, NJ is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$1.26M
Median Property Value 2024
±$87,916
$3,379
Median Property Taxes
±$371

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Franklin Lakes, NJ the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Franklin Lakes, NJ compared to it's parent and neighbor geographies.

View Data
Save Image
View Data
Save Image

Rent vs Own

88.9%
Homeownership
2024
62.8%
Homeowners with Mortgage
2024

In 2024, 88.9% of the housing units in Franklin Lakes, NJ were occupied by their owner. This percentage grew from the previous year's rate of 88.3%.

This chart shows the percentage of owner in Franklin Lakes, NJ compared it's parent and neighboring geographies.

View Data
Save Image

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.
$235,795
Median Household Income
± $26,395
3.8k
Number of Households
± 379

In 2024, the median household income of the 3.8k households in Franklin Lakes, NJ grew to $235,795 from the previous year's value of $230,987.

The following chart displays the households in Franklin Lakes, NJ distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $200k+ range.

View Data
Save Image

Wage Distribution

The closest comparable wage GINI for Franklin Lakes, NJ is from New Jersey.
0.486
2023 Wage GINI in New Jersey
0.489
2022 Wage GINI in New Jersey

In 2023, the income inequality in New Jersey was 0.486 according to the GINI calculation of the wage distribution. Income inequality had a 0.709% decline from 2022 to 2023, which means that wage distribution grew somewhat more even. The GINI for New Jersey was higher than than the national average of 0.476. In other words, wages are distributed less evenly in New Jersey in comparison to the national average.

This chart shows the number of workers in New Jersey across various wage buckets compared to the national average.

View Data
Save Image

Transportation

Commuter Transportation

Most Common Commute in 2024
  1. Drove Alone (52.3%)
  2. Worked At Home (32.3%)
  3. Public Transit (6.63%)

In 2024, 52.3% of workers in Franklin Lakes, NJ drove alone to work, followed by those who worked at home (32.3%) and those who used public transit to get to work (6.63%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

View Data
Save Image

Commute Time

36.5 minutes
Average Travel Time

Using averages, employees in Franklin Lakes, NJ have a longer commute time (36.5 minutes) than the normal US worker (26.4 minutes). Additionally, 7.19% of the workforce in Franklin Lakes, NJ have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Franklin Lakes, NJ compares to that of it's neighboring and parent geographies.

View Data
Save Image
View Data
Save Image

Car Ownership

2 cars
Average Number

The following chart displays the households in Franklin Lakes, NJ distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Franklin Lakes, NJ have 2 cars.

View Data
Save Image

Poverty

Poverty & Diversity

3.45% of the population for whom poverty status is determined in Franklin Lakes, 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, 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.

View Data
Save Image

Health

98.3% of the population of Franklin Lakes, NJ has health coverage, with 56.3% on employee plans, 1.52% on Medicaid, 17.7% on Medicare, 22.5% on non-group plans, and 0.289% on military or VA plans.

Primary care physicians in New Jersey see 1,279 patients per year on average, which represents a 0% change from the previous year (1,279 patients). Compare this to dentists who see 1157 patients per year, and mental health providers who see 320 patients per year.

By gender, of the total number of insured persons, 52.1% were men and 47.9% were women.

Coverage

Health Care Diversity

In 2024, insured persons according to age ranges were distributed in 26.9% under 18 years, 11.2% between 18 and 34 years, 40.5% between 35 and 64 years, and 21.5% over 64 years.

By gender, of the total number of insured persons, 52.1% were men and 47.9% were women.

The following chart shows the number of people with health coverage by gender.

View Data
Save Image

Uninsured People

1.7%
Uninsured
56.3%
Employer Coverage
1.52%
Medicaid
17.7%
Medicare
22.5%
Non-Group
0.289%
Military or VA

Between 2023 and 2024, the percent of uninsured citizens in Franklin Lakes, NJ grew by 12.5% from 1.51% to 1.7%.

The following chart shows how the percent of uninsured individuals in Franklin Lakes, NJ changed over time compared with the percent of individuals enrolled in various types of health insurance.

View Data
Save Image