Franklin Lakes, NJ
Demographics And Statistics
Living In Franklin Lakes, New Jersey Summary
Life in Franklin Lakes research summary. HomeSnacks has been using Saturday Night Science to research the quality of life in Franklin Lakes over the past nine years using Census, FBI, Zillow, and other primary data sources. Based on the most recently available data, we found the following about life in Franklin Lakes:
The population in Franklin Lakes is 11,011.
The median home value in Franklin Lakes is $1,576,899.
The median income in Franklin Lakes is $230,987.
The cost of living in Franklin Lakes is 216 which is 2.2x higher than the national average.
The median rent in Franklin Lakes is $3,334.
The unemployment rate in Franklin Lakes is 2.3%.
The poverty rate in Franklin Lakes is 3.2%.
The average high in Franklin Lakes is 61.2° and the average low is 40.7°.
Franklin Lakes SnackAbility
Overall SnackAbility
Franklin Lakes, NJ Crime Report
Crime in Franklin Lakes summary. We use data from the FBI to determine the crime rates in Franklin Lakes. Key points include:
There were 45 total crimes in Franklin Lakes in the last reporting year.
The overall crime rate per 100,000 people in Franklin Lakes is 400.0 / 100k people.
The violent crime rate per 100,000 people in Franklin Lakes is 26.7 / 100k people.
The property crime rate per 100,000 people in Franklin Lakes is 373.3 / 100k people.
Overall, crime in Franklin Lakes is -81.13% below the national average.
Total Crimes
Below National Average
Crime In Franklin Lakes Comparison Table
| Statistic | Count Raw |
Franklin Lakes / 100k People |
New Jersey / 100k People |
National / 100k People |
|---|---|---|---|---|
| Total Crimes Per 100K | 45 | 400.0 | 1,645.1 | 2,119.2 |
| Violent Crime | 3 | 26.7 | 217.7 | 359.0 |
| Murder | 0 | 0.0 | 2.3 | 5.0 |
| Robbery | 0 | 0.0 | 49.3 | 61.0 |
| Aggravated Assault | 2 | 17.8 | 148.8 | 256.0 |
| Property Crime | 42 | 373.3 | 1,427.3 | 1,760.0 |
| Burglary | 12 | 106.7 | 145.3 | 229.0 |
| Larceny | 29 | 257.8 | 1,119.4 | 1,272.0 |
| Car Theft | 1 | 8.9 | 162.6 | 259.0 |
Franklin Lakes, NJ Cost Of Living
Cost of living in Franklin Lakes summary. We use data on the cost of living to determine how expensive it is to live in Franklin Lakes. Real estate prices drive most of the variance in cost of living around New Jersey. Key points include:
The cost of living in Franklin Lakes is 216 with 100 being average.
The cost of living in Franklin Lakes is 2.2x higher than the national average.
The median home value in Franklin Lakes is $1,576,899.
The median income in Franklin Lakes is $230,987.
Franklin Lakes's Overall Cost Of Living
Higher Than The National Average
Cost Of Living In Franklin Lakes Comparison Table
| Living Expense | Franklin Lakes | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 216 | 122 | 100 | |
| Services | 107 | 108 | 100 | |
| Groceries | 103 | 104 | 100 | |
| Health | 97 | 99 | 100 | |
| Housing | 467 | 159 | 100 | |
| Transportation | 106 | 101 | 100 | |
| Utilities | 112 | 107 | 100 | |
Franklin Lakes, NJ Weather
The average high in Franklin Lakes is 61.2° and the average low is 40.7°.
There are 79.7 days of precipitation each year.
Expect an average of 49.5 inches of precipitation each year with 24.7 inches of snow.
| Stat | Franklin Lakes |
|---|---|
| Average Annual High | 61.2 |
| Average Annual Low | 40.7 |
| Annual Precipitation Days | 79.7 |
| Average Annual Precipitation | 49.5 |
| Average Annual Snowfall | 24.7 |
Average High
Days of Rain
Franklin Lakes, NJ Photos
Rankings for Franklin Lakes in New Jersey
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Map Of Franklin Lakes, NJ
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Franklin Lakes Demographics And Statistics
Population over time in Franklin Lakes
The current population in Franklin Lakes is 11,011. The population has increased 4.8% from 2010.
| Year | Population | % Change |
|---|---|---|
| 2023 | 11,011 | 0.0% |
| 2022 | 11,007 | -0.2% |
| 2021 | 11,034 | -0.1% |
| 2020 | 11,044 | 0.9% |
| 2019 | 10,946 | 0.6% |
| 2018 | 10,883 | -0.6% |
| 2017 | 10,953 | 1.3% |
| 2016 | 10,810 | 0.1% |
| 2015 | 10,799 | 0.7% |
| 2014 | 10,726 | 0.7% |
| 2013 | 10,655 | 0.6% |
| 2012 | 10,596 | 0.5% |
| 2011 | 10,545 | 0.4% |
| 2010 | 10,506 | - |
Race / Ethnicity in Franklin Lakes
Franklin Lakes is:
74.2% White with 8,170 White residents.
5.1% African American with 563 African American residents.
0.0% American Indian with 0 American Indian residents.
11.7% Asian with 1,291 Asian residents.
0.0% Hawaiian with 0 Hawaiian residents.
0.4% Other with 40 Other residents.
1.3% Two Or More with 145 Two Or More residents.
7.3% Hispanic with 802 Hispanic residents.
| Race | Franklin Lakes | NJ | USA |
|---|---|---|---|
| White | 74.2% | 51.9% | 58.2% |
| African American | 5.1% | 12.3% | 12.0% |
| American Indian | 0.0% | 0.1% | 0.5% |
| Asian | 11.7% | 9.8% | 5.7% |
| Hawaiian | 0.0% | 0.0% | 0.2% |
| Other | 0.4% | 0.8% | 0.5% |
| Two Or More | 1.3% | 3.2% | 3.9% |
| Hispanic | 7.3% | 21.9% | 19.0% |
Gender in Franklin Lakes
Franklin Lakes is 48.0% female with 5,289 female residents.
Franklin Lakes is 52.0% male with 5,721 male residents.
| Gender | Franklin Lakes | NJ | USA |
|---|---|---|---|
| Female | 48.0% | 50.8% | 50.5% |
| Male | 52.0% | 49.2% | 49.5% |
Highest level of educational attainment in Franklin Lakes for adults over 25
1.0% of adults in Franklin Lakes completed < 9th grade.
1.0% of adults in Franklin Lakes completed 9-12th grade.
9.0% of adults in Franklin Lakes completed high school / ged.
6.0% of adults in Franklin Lakes completed some college.
4.0% of adults in Franklin Lakes completed associate's degree.
43.0% of adults in Franklin Lakes completed bachelor's degree.
23.0% of adults in Franklin Lakes completed master's degree.
9.0% of adults in Franklin Lakes completed professional degree.
4.0% of adults in Franklin Lakes completed doctorate degree.
| Education | Franklin Lakes | NJ | USA |
|---|---|---|---|
| < 9th Grade | 1.0% | 3.0% | 5.0% |
| 9-12th Grade | 1.0% | 5.0% | 6.0% |
| High School / GED | 9.0% | 26.0% | 26.0% |
| Some College | 6.0% | 15.0% | 19.0% |
| Associate's Degree | 4.0% | 7.0% | 9.0% |
| Bachelor's Degree | 43.0% | 26.0% | 21.0% |
| Master's Degree | 23.0% | 13.0% | 10.0% |
| Professional Degree | 9.0% | 3.0% | 2.0% |
| Doctorate Degree | 4.0% | 2.0% | 2.0% |
Household Income For Franklin Lakes, New Jersey
2.1% of households in Franklin Lakes earn Less than $10,000.
0.0% of households in Franklin Lakes earn $10,000 to $14,999.
0.9% of households in Franklin Lakes earn $15,000 to $24,999.
1.1% of households in Franklin Lakes earn $25,000 to $34,999.
8.1% of households in Franklin Lakes earn $35,000 to $49,999.
5.4% of households in Franklin Lakes earn $50,000 to $74,999.
3.9% of households in Franklin Lakes earn $75,000 to $99,999.
12.2% of households in Franklin Lakes earn $100,000 to $149,999.
10.0% of households in Franklin Lakes earn $150,000 to $199,999.
56.1% of households in Franklin Lakes earn $200,000 or more.
| Income | Franklin Lakes | NJ | USA |
|---|---|---|---|
| Less than $10,000 | 2.1% | 4.0% | 4.9% |
| $10,000 to $14,999 | 0.0% | 2.9% | 3.6% |
| $15,000 to $24,999 | 0.9% | 5.0% | 6.6% |
| $25,000 to $34,999 | 1.1% | 5.3% | 6.8% |
| $35,000 to $49,999 | 8.1% | 8.0% | 10.4% |
| $50,000 to $74,999 | 5.4% | 12.9% | 15.7% |
| $75,000 to $99,999 | 3.9% | 11.4% | 12.7% |
| $100,000 to $149,999 | 12.2% | 18.0% | 17.4% |
| $150,000 to $199,999 | 10.0% | 11.7% | 9.3% |
| $200,000 or more | 56.1% | 20.7% | 12.6% |
