Franklin Lakes, NJ
Demographics And Statistics

Demographics | Crime | Cost Of Living
Updated: 2023-12-15

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 11,007.

  • The median home value in Franklin Lakes is $1,396,762.

  • The median income in Franklin Lakes is $204,917.

  • The cost of living in Franklin Lakes is 207 which is 2.1x higher than the national average.

  • The median rent in Franklin Lakes is $3,053.

  • The unemployment rate in Franklin Lakes is 4.4%.

  • 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°.

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Franklin Lakes SnackAbility

10
Overall SnackAbility
Jobs
8.5/10
Housing
10
Affordability
6
Diversity
8
Safety
9
Amenities
8
Education
10
Commute
4
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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 117 total crimes in Franklin Lakes in the last reporting year.

  • The overall crime rate per 100,000 people in Franklin Lakes is 1,073.5 / 100k people.

  • The violent crime rate per 100,000 people in Franklin Lakes is 18.4 / 100k people.

  • The property crime rate per 100,000 people in Franklin Lakes is 1,055.1 / 100k people.

  • Overall, crime in Franklin Lakes is -53.81% below the national average.

117
Total Crimes
-53.81%
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 117 1,073.5 1,353.6 2,324.2
Violent Crime 2 18.4 195.4 369.8
Murder 0 0.0 3.7 6.3
Robbery 0 0.0 49.4 66.1
Aggravated Assault 2 18.4 127.9 268.2
Property Crime 115 1,055.1 1,158.2 1,954.4
Burglary 20 183.5 146.2 269.8
Larceny 72 660.6 896.3 1,401.9
Car Theft 23 211.0 115.7 282.7

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 207 with 100 being average.

  • The cost of living in Franklin Lakes is 2.1x higher than the national average.

  • The median home value in Franklin Lakes is $1,396,762.

  • The median income in Franklin Lakes is $204,917.

207
Franklin Lakes's Overall Cost Of Living
2.1x
Higher Than The National Average

Cost Of Living In Franklin Lakes Comparison Table

Living Expense Franklin Lakes New Jersey National Average
Overall 207 111 100
Services 110 104 100
Groceries 106 104 100
Health 92 95 100
Housing 432 130 100
Transportation 113 106 100
Utilities 112 108 100

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.

StatFranklin Lakes
Average Annual High61.2
Average Annual Low40.7
Annual Precipitation Days79.7
Average Annual Precipitation49.5
Average Annual Snowfall24.7
61.2°
Average High
79.7°
Days of Rain

Franklin Lakes, NJ Photos

Flnp View Of High Mountain
Source: Public Domain
Campgaw Station
Source: Wikipedia User Adam Moss | CC BY-SA 2.0

Rankings for Franklin Lakes in New Jersey

Locations Around Franklin Lakes

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 11,007. The population has increased 4.8% from 2010.

Year Population % Change
2022 11,007 1.1%
2021 10,883 -0.6%
2020 10,953 1.3%
2019 10,810 0.1%
2018 10,799 0.7%
2017 10,726 0.7%
2016 10,655 0.6%
2015 10,596 0.5%
2014 10,545 0.4%
2013 10,506 -

Race / Ethnicity in Franklin Lakes

White
78.2% (8,602)
African American
2.2% (239)
American Indian
0.0% (0)
Asian
9.7% (1,073)
Hawaiian
0.0% (0)
Other
0.3% (28)
Two Or More
0.7% (81)
Hispanic
8.9% (984)

Franklin Lakes is:

  • 78.2% White with 8,602 White residents.

  • 2.2% African American with 239 African American residents.

  • 0.0% American Indian with 0 American Indian residents.

  • 9.7% Asian with 1,073 Asian residents.

  • 0.0% Hawaiian with 0 Hawaiian residents.

  • 0.3% Other with 28 Other residents.

  • 0.7% Two Or More with 81 Two Or More residents.

  • 8.9% Hispanic with 984 Hispanic residents.

Race Franklin Lakes NJ USA
White 78.2% 53.0% 58.9%
African American 2.2% 12.4% 12.1%
American Indian 0.0% 0.1% 0.6%
Asian 9.7% 9.8% 5.7%
Hawaiian 0.0% 0.0% 0.2%
Other 0.3% 0.7% 0.4%
Two Or More 0.7% 2.8% 3.5%
Hispanic 8.9% 21.2% 18.7%

Gender in Franklin Lakes

Female
49.1% (5,403)
Male
50.9% (5,603)
  • Franklin Lakes is 49.1% female with 5,403 female residents.

  • Franklin Lakes is 50.9% male with 5,603 male residents.

Gender Franklin Lakes NJ USA
Female 49.1% 50.7% 50.4%
Male 50.9% 49.3% 49.6%

Highest level of educational attainment in Franklin Lakes for adults over 25

  • 0.0% of adults in Franklin Lakes completed < 9th grade.

  • 1.0% of adults in Franklin Lakes completed 9-12th grade.

  • 10.0% of adults in Franklin Lakes completed high school / ged.

  • 8.0% of adults in Franklin Lakes completed some college.

  • 4.0% of adults in Franklin Lakes completed associate's degree.

  • 42.0% of adults in Franklin Lakes completed bachelor's degree.

  • 24.0% of adults in Franklin Lakes completed master's degree.

  • 8.0% of adults in Franklin Lakes completed professional degree.

  • 3.0% of adults in Franklin Lakes completed doctorate degree.

< 9th Grade
0.0% (0)
9-12th Grade
1.0% (110)
High School / GED
10.0% (1,100)
Some College
8.0% (880)
Associate's Degree
4.0% (440)
Bachelor's Degree
42.0% (4,622)
Master's Degree
24.0% (2,641)
Professional Degree
8.0% (880)
Doctorate Degree
3.0% (330)
Education Franklin Lakes NJ USA
< 9th Grade 0.0% 4.0% 4.0%
9-12th Grade 1.0% 5.0% 6.0%
High School / GED 10.0% 26.0% 26.0%
Some College 8.0% 16.0% 20.0%
Associate's Degree 4.0% 7.0% 9.0%
Bachelor's Degree 42.0% 25.0% 21.0%
Master's Degree 24.0% 12.0% 10.0%
Professional Degree 8.0% 3.0% 2.0%
Doctorate Degree 3.0% 2.0% 2.0%

Household Income For Franklin Lakes, New Jersey

  • 3.2% of households in Franklin Lakes earn Less than $10,000.

  • 0.2% of households in Franklin Lakes earn $10,000 to $14,999.

  • 0.4% of households in Franklin Lakes earn $15,000 to $24,999.

  • 3.5% of households in Franklin Lakes earn $25,000 to $34,999.

  • 6.3% of households in Franklin Lakes earn $35,000 to $49,999.

  • 6.8% of households in Franklin Lakes earn $50,000 to $74,999.

  • 3.7% of households in Franklin Lakes earn $75,000 to $99,999.

  • 13.3% of households in Franklin Lakes earn $100,000 to $149,999.

  • 10.4% of households in Franklin Lakes earn $150,000 to $199,999.

  • 52.1% of households in Franklin Lakes earn $200,000 or more.

Less than $10,000
3.2% (35,355)
$10,000 to $14,999
0.2% (2,629)
$15,000 to $24,999
0.4% (4,675)
$25,000 to $34,999
3.5% (38,277)
$35,000 to $49,999
6.3% (69,542)
$50,000 to $74,999
6.8% (74,802)
$75,000 to $99,999
3.7% (41,199)
$100,000 to $149,999
13.3% (146,389)
$150,000 to $199,999
10.4% (113,956)
$200,000 or more
52.1% (573,871)
Income Franklin Lakes NJ USA
Less than $10,000 3.2% 4.1% 4.9%
$10,000 to $14,999 0.2% 3.0% 3.8%
$15,000 to $24,999 0.4% 5.4% 7.0%
$25,000 to $34,999 3.5% 5.7% 7.4%
$35,000 to $49,999 6.3% 8.2% 10.7%
$50,000 to $74,999 6.8% 13.2% 16.1%
$75,000 to $99,999 3.7% 11.6% 12.8%
$100,000 to $149,999 13.3% 18.0% 17.1%
$150,000 to $199,999 10.4% 11.5% 8.8%
$200,000 or more 52.1% 19.2% 11.4%

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