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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.

Franklin Lakes, NJ
Real Estate & Demographic Data






Franklin Lakes profile


Living in Franklin Lakes



Franklin Lakes is a somewhat small borough located in the state of New Jersey. With a population of 10,936 people and two associated neighborhoods, Franklin Lakes is the 176th largest community in New Jersey.

Franklin Lakes home prices are not only among the most expensive in New Jersey, but Franklin Lakes real estate also consistently ranks among the most expensive in America.

Also of interest is that Franklin Lakes has more people living here who work in computers and math than 95% of the places in the US.

A relatively large number of people in Franklin Lakes telecommute to their jobs. Overall, about 25.27% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Because of many things, Franklin Lakes is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Franklin Lakes really has some of the features that families look for when choosing a good community to raise children. Is Franklin Lakes perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.

One downside of living in Franklin Lakes, however, is that residents on average have to contend with a long commute, spending on average 33.73 minutes every day commuting to work. However, local public transit is widely used. For those who would prefer to avoid driving entirely and leave their car at home, it may be an option to use the transit instead.

Despite being a small borough, Franklin Lakes has a lot of people using the train to get to and from work every day. Most of these people on the train are using it to get to good jobs in other cities.

Do you like to read, write and learn? If you move to Franklin Lakes, you'll likely find that many of your neighbors like to as well. Franklin Lakes is one of the more educated communities in America, with a full 77.34% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.

The per capita income in Franklin Lakes in 2018 was $102,827, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $411,308 for a family of four.

Franklin Lakes is a very ethnically-diverse borough. The people who call Franklin Lakes home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Franklin Lakes residents report their race to be White, followed by Asian. Important ancestries of people in Franklin Lakes include Italian, Irish, Polish, German, and Russian.

Franklin Lakes also has a high percentage of its population that was born in another country: 17.73%.

The most common language spoken in Franklin Lakes is English. Other important languages spoken here include Spanish and Arabic.


Real Estate in Popular Franklin Lakes Neighborhoods

Zip Codes in Franklin Lakes, NJ