Franklin Lakes vs Paterson
| Franklin Lakes | Paterson | |
|---|---|---|
| Population | 11,007 | 157,864 |
| Median Household Income | $235,795 | $55,997 |
| Median Home Value | $1,264,000 | $360,100 |
| Median Gross Rent | $3,230/mo | $1,548/mo |
| Homeownership Rate | 88.9% | 26.9% |
| Unemployment Rate | 2.3% | 10.7% |
| Bachelor's Degree or Higher | 77.4% | 11.8% |
| Median Age | 46.3 | 33.3 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.