Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 46.9 yrs |
|---|---|
| Avg HH Size | 2.92 |
| Below Poverty | 3.2% ▼ 68% below avg |
| College Grads | 83.1% ▲ 114% above avg |
| Unemployment | 2.4% ▼ 51% below avg |
| No HS Diploma | 50 (0.7%) |
| HS Graduate | 702 (9.8%) |
| Some College | 103 (1.4%) |
| Associates | 359 (5%) |
| Bachelors | 337 (4.7%) |
| Graduate Degree | 5,630 (78.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $231,184 ▲ 203% above avg |
|---|---|
| Median Home Value | $1,218,500 ▲ 337% above avg |
| Home/Income Ratio | 5.3x (nat avg ~3.5x) |
| Median Rent | $3,328/mo |
| Total Housing Units | 3,886 |
| Vacant Units | 108 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Franklin Lakes is a city in New Jersey, located in Bergen County. The city spans 1 ZIP code and is home to approximately 11,035 residents. It is a mature city, with a median age of 46.9 years.
Economically, Franklin Lakes is a affluent community. The median household income of $231,184 is more than double the national average. Approximately 3.2% of residents live below the poverty line. The unemployment rate is 2.4%, well below the national average.
The real estate market in Franklin Lakes is among the most expensive housing markets in the country. Median home values stand at $1,218,500, which is more than double the national average. Renters typically pay around $3,328 per month. Homeownership is high at 88.2%, typical of suburban and family-oriented communities.
The population of Franklin Lakes is highly educated. 83.1% of adults hold a bachelor's degree or higher — more than double the national average. The community is primarily White (74.1%).
Franklin Lakes, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 07417 | 11,035 | $231,184 | $1,218,500 | $3,328 | 2.4% | 83.1% | 88.2% |