Franklin Lakes, NJ

Census Place

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

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.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Franklin Lakes, NJ

White (Non-Hispanic)
7.91k ± 554
Asian (Non-Hispanic)
1.41k ± 400
Two Races Including Other (Hispanic)
687 ± 350

7.76%

Hispanic Population

860 people

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.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for New Jersey.

Most Common Origin

India
279,408 ± 12,782 people
Dominican Republic
210,288 ± 11,131 people
Mexico
108,737 ± 8,049 people

In 2024, the most common birthplace for the foreign-born residents of New Jersey was India, the natal country of 279,408 New Jersey residents, followed by Dominican Republic with 210,288 and Mexico with 108,737.

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.

Military

Veterans

Most Common Service Period

Vietnam
115 ± 65
Korea
50 ± 49
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.

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.

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.

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.

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).

Civics

In the 2024 presidential election, the popular vote in New Jersey went to Kamala Harris with 52% of the vote. The runner-up was Donald J. Trump (46.1%), followed by Jill Stein (0.914%).

Cory Booker and Andy Kim are the senators currently representing the state of New Jersey. In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

New Jersey is currently represented by 11 members in the U.S. house, and members of the House of Representives are elected to 2-year terms.

Presidential Elections

Presidential Popular Vote Over Time

Voting results are not available for Franklin Lakes, NJ. Showing the available data for New Jersey.

2024 Election Results

Kamala Harris (52%)
Democratic Party
Donald J. Trump (46.1%)
Republican Party
Jill Stein (0.914%)
Green Party

In the 2024 presidential election, the popular vote in New Jersey went to Kamala Harris with 52% of the vote. The runner-up was Donald J. Trump (46.1%), followed by Jill Stein (0.914%).

The following chart shows the popular vote results in New Jersey for each registered party from 1976 to 2024.

Senator Elections

US Senators from New Jersey

Senatorial voting results are only available at the state level. Showing data for New Jersey.

Cory Booker

Senator from New Jersey

Assumed office on October 31, 2013
Elected to the seat to succeed Jeffrey Chiesa, who had been appointed to the seat following the death of Frank Lautenberg.{{Cite news |url=https://www.politico.com/story/2013/10/cory-booker-new-jersey-senate-election-098436 |title=Booker Wins New Jersey Senate Seat |work=Politico |access-date=May 21, 2020 }}

Andy Kim

Senator from New Jersey

Assumed office on December 8, 2024
Elected to the seat to succeed George Helmy, who had been appointed to the seat following the resignation of Bob Menendez.

Cory Booker and Andy Kim are the senators currently representing New Jersey.

In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

The following chart shows elected senators in New Jersey over time, excluding special elections, colored by their political party.

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.

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.

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.

Wage Distribution

The closest comparable wage GINI for Franklin Lakes, NJ is from New Jersey.

0.482

2024 Wage GINI in New Jersey

0.486

2023 Wage GINI in New Jersey

In 2024, the income inequality in New Jersey was 0.482 according to the GINI calculation of the wage distribution. Income inequality had a 0.733% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for New Jersey was higher than than the national average of 0.474. 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.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (52.3%)
Worked At Home (32.3%)
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.

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.

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.

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.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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