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CITY

Franklin Lakes

New Jersey · 11,180 residents (2025 est.) · 9.414 sq mi
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Notable rankings
#76Highest median household incomeof 6,818$235,795#131Most expensive homesof 6,786$1,264,000#136Highest median rentof 6,764$3,230#139Most educatedof 6,82677.4%
The short version

Franklin Lakes is significantly wealthier than the US average, with a median household income of $235,795. Population has held roughly steady since 2000. 77% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value has more than doubled since 2000, reaching $1,264,000. With a median age of 46.3, the population is older than the US median of 38.9. It ranks in the top 1% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 46.3
US median: 38.9
More educated
77% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
11,084
+6%since 2000
from 10,422 in 2000
1990 – 2025
Population density
1,177 / sq mi
−2%since 2009
from 1,206 / sq mi in 2009
US average: 281
Median age
46.3
+14%since 2000
from 40.7 in 2000
US average: 38.9

PEP 2025 EST:11,180 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
10K10K11K11K12K1990201020202024Franklin Lakes
202411K
1990201020202024
Age distribution, 2024
Under 52.8%(310)
US avg: 5.6%
5 to 97.7%(850)
US avg: 6%
10 to 148.2%(909)
US avg: 6.4%
15 to 199.2%(1,023)
US avg: 6.6%
20 to 243.6%(398)
US avg: 6.5%
25 to 346.6%(730)
US avg: 13.7%
35 to 4410.1%(1,122)
US avg: 13.2%
45 to 5414.7%(1,632)
US avg: 12.2%
55 to 6415.6%(1,730)
US avg: 12.7%
65 to 7412.1%(1,341)
US avg: 10.2%
75 to 847.8%(867)
US avg: 5.1%
85 and over1.6%(172)
US avg: 1.9%
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 02

Income & economy

Median household income
$235,795
−2%inflation adjusted, since 2000
from $132,373 in 2000
US average: $82,259
1990 – 2024
Per capita income
$105,713
+77%since 2000
from $59,763 in 2000
US average: $44,673
Households earning $100K+
83.3%
+6.0 ptssince 2009
from 77.2% in 2009
US average: 53.3%
Poverty rate
3.4%
+0.3 ptssince 2000
from 3.2% in 2000
US average: 12.5%
Income inequality (Gini)
0.468
−6%since 2010
from 0.498 in 2010
US average: 0.476
Workforce by industry, 2024
Other services17%
US avg: 6.7%
Public administration12.2%
US avg: 4.8%
Information6.6%
US avg: 10.8%
Retail trade5.5%
US avg: 9.9%
Transportation & warehousing4.2%
US avg: 2.2%
Arts, entertainment, food4.1%
US avg: 1.9%
Finance & insurance2.7%
US avg: 5.9%
Professional, scientific, technical2.2%
US avg: 5.1%
Wholesale trade1.9%
US avg: 6.9%
Education & health services0.5%
US avg: 0.9%
Agriculture, forestry, fishing0.2%
US avg: 1.6%
Manufacturing0.2%
US avg: 0.4%
Construction0%
US avg: 1.2%
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 03

Housing

Median home value
$1,264,000
+14%inflation adjusted, since 2000
from $609,700 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$3,230
+35%inflation adjusted, since 2000
from $1,313 in 2000
US average: $1,442
Owner-occupied
88.9%
−6.2 ptssince 2000
from 95.1% in 2000
11.1% rent
Vacancy rate
2.0%
−1.2 ptssince 2009
from 3.2% in 2009
US average: 10.0%
Owner cost-burdened
30.2%
−10.4 ptssince 2009
from 40.6% in 2009
US average: 22.9%
Renter cost-burdened
50.9%
−11.3 ptssince 2009
from 62.3% in 2009
US average: 47.4%
Afford Score
5.4
−17%since 2009
from 6.5 in 2009
2009 – 2024
Our index: median home value divided by median household income. Lower is more affordable.
Gentrification Score
52
Our index, 0 to 100. Higher means faster recent growth in incomes, home values, and college degrees.
RELATED:See current rent listings in Franklin Lakes on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic89.1%(9,285)
Black0.9%(96)
Hispanic / Latino2.7%(286)
Asian6.3%(655)
Other0%
2024
White, non-Hispanic71.3%(7,905)
Black5.3%(586)
Hispanic / Latino7.8%(860)
Asian12.7%(1,410)
Other2.9%(323)
Diversity Score
58
+68%since 2009
from 35 in 2009
2009 – 2024
Our index, 0 to 100. Higher means a more even mix of racial and ethnic groups.
Section 04 · Origins

Detailed origins & ancestry

Hispanic origin
Argentine1.9%(211)
Dominican1.5%(171)
Cuban1.5%(162)
Puerto Rican0.9%(104)
Colombian0.9%(102)
Peruvian0.6%(62)
Spaniard0.3%(33)
Asian origin
Asian Indian5.6%(622)
Korean4.5%(494)
Chinese1%(108)
Taiwanese0.9%(101)
Filipino0.5%(54)
Japanese0.1%(14)
Bangladeshi0.1%(11)
Thai0.1%(6)
Ancestry
Italian20.1%(2,230)
German12.4%(1,377)
Irish10.4%(1,152)
Polish9.9%(1,094)
Arab6%(668)
Russian6%(666)
English4.9%(546)
Syrian3.9%(436)
Ukrainian3.8%(424)
American3.3%(368)
Swedish2.3%(258)
Iranian1.7%(184)
+ 26 more ancestry groups with data
Slovak1.6%(179)
Hungarian1.6%(172)
Greek1.5%(167)
Dutch1.5%(161)
French1.2%(131)
Egyptian1.1%(124)
Romanian1.1%(124)
Austrian1.1%(118)
Czech0.9%(96)
Croatian0.8%(88)
Norwegian0.8%(85)
West Indian0.7%(74)
Scottish0.6%(63)
Lebanese0.5%(57)
Lithuanian0.5%(52)
Armenian0.4%(45)
Nigerian0.2%(24)
Jamaican0.2%(24)
Jordanian0.2%(23)
Australian0.2%(23)
Danish0.2%(22)
Portuguese0.1%(13)
Turkish0.1%(11)
Belgian0%(5)
RANKED:Largest Italian population · Largest German population · Largest Irish population · Largest Polish population · Largest Arab population
Section 05

Education

Bachelor's degree or higher
77.4%
+24.4 ptssince 2000
from 52.9% in 2000
US average: 35.6%
High school or higher
97.7%
+3.0 ptssince 2000
from 94.7% in 2000
US average: 89.6%
Graduate degree
33.1%
+11.6 ptssince 2000
from 21.5% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
36.5 min
+55%since 2000
from 23.5 min in 2000
US average: 26.5
Drive alone to work
52.3%
−24.8 ptssince 2009
from 77.1% in 2009
US average: 68.9%
Carpooled to work
4.4%
−4.5 ptssince 2009
from 8.9% in 2009
US average: 8.5%
Public transit
6.6%
+1.5 ptssince 2009
from 5.2% in 2009
US average: 3.2%
Worked from home
32.3%
+25.3 ptssince 2009
from 7.0% in 2009
US average: 15.0%
Walked to work
1.1%
+0.2 ptssince 2009
from 1.0% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
1.3%
−0.3 ptssince 2009
from 1.6% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
2.3%
−3.6 ptssince 2011
from 5.9% in 2011
US average: 5.2%
Labor force participation
59.3%
−5.3 ptssince 2011
from 64.6% in 2011
US average: 63.5%
Self-employed
9.5%
+3.7 ptssince 2009
from 5.8% in 2009
US average: 13.1%
Management & professional
69.8%
−9.0 ptssince 2009
from 78.8% in 2009
US average: 42.5%
Section 08

People & community

Male
52.1%
+1.8 ptssince 2009
from 50.3% in 2009
Female
47.9%
−1.8 ptssince 2009
from 49.7% in 2009
Foreign born
19.4%
−1.1 ptssince 2009
from 20.5% in 2009
US average: 14.1%
Veterans
2.8%
−45.1 ptssince 2009
from 47.9% in 2009
US average: 6.2%
With a disability
9.0%
+3.7 ptssince 2012
from 5.3% in 2012
US average: 13.3%
Uninsured
1.7%
−93.7 ptssince 2013
from 95.4% in 2013
US average: 8.4%
Broadband at home
97.8%
+2.2 ptssince 2017
from 95.6% in 2017
US average: 91.0%
English only at home
75.2%
+1.0 ptssince 2016
from 74.1% in 2016
US average: 77.7%
Spanish at home
3.0%
−3.2 ptssince 2016
from 6.3% in 2016
US average: 13.6%
Marital status
Men 15+
Never married25.7%(1,155)
Married69%(3,096)
Widowed3%(135)
Divorced2.3%(101)
Women 15+
Never married23.7%(1,074)
Married65.2%(2,952)
Widowed4.9%(222)
Divorced6.2%(280)
SHARE WITHIN EACH SEX · POPULATION 15 AND OVER · 2024
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Compare Franklin Lakes to nearby cities

FRANKLIN LAKES VS
Oakland
Income$162,019−31%
Home value$591,300−53%
Population12,837+15%
SEE FULL COMPARISON →
FRANKLIN LAKES VS
North Haledon
Income$125,313−47%
Home value$547,600−57%
Population9,089−19%
SEE FULL COMPARISON →
FRANKLIN LAKES VS
Waldwick
Income$177,962−25%
Home value$588,500−53%
Population10,252−8%
SEE FULL COMPARISON →
FRANKLIN LAKES VS
Pompton Lakes
Income$124,454−47%
Home value$442,400−65%
Population11,246+1%
SEE FULL COMPARISON →
Frequently asked

How many people live in Franklin Lakes, New Jersey?

Franklin Lakes, New Jersey has about 11,084 residents according to the 2024 American Community Survey.

What is the median household income in Franklin Lakes, New Jersey?

The typical household in Franklin Lakes, New Jersey earns about $235,795 a year. Half of households make more than that, and half make less.

Is Franklin Lakes, New Jersey expensive?

In Franklin Lakes, New Jersey, the median home is worth about $1,264,000, and the typical rent is about $3,230 a month.

How educated are people in Franklin Lakes, New Jersey?

About 77.4% of adults age 25 and over in Franklin Lakes, New Jersey hold a bachelor's degree or higher.

What is the poverty rate in Franklin Lakes, New Jersey?

About 3.4% of people in Franklin Lakes, New Jersey live below the federal poverty line.

Has Franklin Lakes, New Jersey grown since 1990?

Yes, Franklin Lakes, New Jersey has grown since 1990. The population has added about 1,211 residents, a change of about 12 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →