Median Household Income
$235,795 ± $26,395
Median Home Value
$1,264,000 ± $87,916
Median Gross Rent
$3,230 ± $207/mo
Per Capita Income
$105,713
Poverty Rate
3.4%
Unemployment Rate
2.3%
Homeownership Rate
88.9%
Bachelor's Degree or Higher
77.4%
Median Age
46.3
Average Commute
25 min
Households
3,801
Veterans
228
Population Over Time
Franklin Lakes grew 3.3% from 2014 to 2024.
2014
10,726
2016
10,810
2018
10,883
2020
11,044
2022
11,007
2024
11,084
Population by Race & Ethnicity
White
71.9%
Hispanic or Latino
7.8%
Black or African American
6.1%
Asian
12.7%
Nearby Cities in New Jersey
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.