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CITY · 2020 ACS

Franklin Lakes

New Jersey · 11,079 residents · 9.414 sq mi
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Franklin Lakes is significantly wealthier than the US average, with a median household income of $178,794. Population has held roughly steady since 2000. 74% of adults hold a bachelor's degree or higher, well above the national rate of 33%. Median home value has risen by half since 2000, reaching $1,009,800. With a median age of 46.3, the population is older than the US median of 38.8. Households here earn about 110% more than the New Jersey median.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 46.3
US median: 38.8
More educated
74% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
11,079
+6%since 2000
from 10,422 in 2000
1990 – 2025
Population density
1,177 / sq mi
+6%since 2000
from 1,107 / sq mi in 2000
US average: 280
Median age
46.3
+14%since 2000
from 40.7 in 2000
US average: 38.8
Population, 1990 – 2024
10K10K11K11K12K1990201020202024Franklin Lakes
202411K
1990201020202024
Section 02

Income & economy

Median household income
$178,794
−10%inflation adjusted, since 2000
from $132,373 in 2000
US average: $66,278
1990 – 2024
Per capita income
$88,699
+48%since 2000
from $59,763 in 2000
US average: $35,364
Households earning $100K+
80.9%
+3.7 ptssince 2009
from 77.2% in 2009
US average: 43.9%
Poverty rate
1.1%
−2.1 ptssince 2000
from 3.2% in 2000
US average: 12.8%
Workforce by industry, 2020
Other services15.6%
US avg: 6.6%
Public administration11.3%
US avg: 4.7%
Retail trade9.4%
US avg: 10%
Wholesale trade6.9%
US avg: 6.7%
Information5.9%
US avg: 11.1%
Transportation & warehousing5.6%
US avg: 2.5%
Arts, entertainment, food1.2%
US avg: 2%
Finance & insurance1.1%
US avg: 5.5%
Professional, scientific, technical0.8%
US avg: 4.7%
Education & health services0.3%
US avg: 0.8%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$1,009,800
+10%inflation adjusted, since 2000
from $609,700 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$2,730
+38%inflation adjusted, since 2000
from $1,313 in 2000
US average: $1,124
Owner-occupied
87.5%
−7.6 ptssince 2000
from 95.1% in 2000
12.5% rent
Afford Score
5.6
+23%since 2000
from 4.6 in 2000
1990 – 2024
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%
Diversity Score23.2%(2,423)
2020
White, non-Hispanic79%(8,755)
Black1.6%(172)
Hispanic / Latino7.1%(786)
Asian9.5%(1,051)
Other1.9%(212)
Diversity Score43.6%(4,830)
Diversity Score
44
+88%since 2000
from 23 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
73.7%
+20.8 ptssince 2000
from 52.9% in 2000
US average: 32.9%
High school or higher
99.8%
+5.1 ptssince 2000
from 94.7% in 2000
US average: 88.5%
Graduate degree
33.9%
+12.4 ptssince 2000
from 21.5% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
34.6 min
+47%since 2000
from 23.5 min in 2000
US average: 26.9
Drive alone to work
71.3%
−5.7 ptssince 2009
from 77.1% in 2009
US average: 75.1%
No vehicle available
2.4%
+0.8 ptssince 2009
from 1.6% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
5.5%
−0.3 ptssince 2011
from 5.9% in 2011
US average: 5.4%
Labor force participation
60.9%
−3.7 ptssince 2011
from 64.6% in 2011
US average: 63.4%
Management & professional
66.7%
−12.1 ptssince 2009
from 78.8% in 2009
US average: 39.3%
Section 08

People & community

Male
50.9%
+0.6 ptssince 2009
from 50.3% in 2009
Female
49.1%
−0.6 ptssince 2009
from 49.7% in 2009
Foreign born
15.9%
−4.6 ptssince 2009
from 20.5% in 2009
US average: 13.5%
Uninsured
0.6%
−94.8 ptssince 2013
from 95.4% in 2013
US average: 8.8%
Drill deeper

Places similar to Franklin Lakes

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Pop 6,960
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Pop 13,439
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Pop 14,815
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Pop 9,423
Places similar to Franklin Lakes
Head to head

Compare Franklin Lakes to nearby cities

FRANKLIN LAKES VS
Oakland
Income$162,019−9%
Home value$591,300−41%
Population12,837+15%
SEE FULL COMPARISON →
FRANKLIN LAKES VS
North Haledon
Income$125,313−30%
Home value$547,600−46%
Population9,089−19%
SEE FULL COMPARISON →
FRANKLIN LAKES VS
Waldwick
Income$177,962same
Home value$588,500−42%
Population10,252−8%
SEE FULL COMPARISON →
FRANKLIN LAKES VS
Pompton Lakes
Income$124,454−30%
Home value$442,400−56%
Population11,246+1%
SEE FULL COMPARISON →
Frequently asked

How many people live in Franklin Lakes, New Jersey?

Franklin Lakes, New Jersey has about 11,079 residents according to the 2020 American Community Survey.

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

The typical household in Franklin Lakes, New Jersey earns about $178,794 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 $1,009,800, and the typical rent is about $2,730 a month.

How educated are people in Franklin Lakes, New Jersey?

About 73.7% 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 1.1% 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 1,206 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

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