Thinking of Living in Franklin Lakes, NJ? (Infograph)

Are you thinking of living in Franklin Lakes, NJ?  Franklin Lakes is a beautiful suburb in New Jersey’s Bergen County. Franklin Lakes has a population of approximately 11,079. Like most NJ suburbs, the majority of households in Franklin Lakes consist of families and approximately 21.7% of the population are children under 18 years old. Franklin Lakes has a median income of $172,766. Just under half of the married households in Franklin Lakes are dual-income households while 28.5% of married households have a stay at home mom. Below you will find useful information if you are thinking of living in Franklin Lakes, NJ. The information presented in this article are based on data from the US Census American Community Survey.

Franklin Lakes Infograph

franklin lakes nj

What is the population of Franklin Lakes, NJ?

The population of Franklin Lakes, NJ is approximately 11,079 with a median age of 48.3 years old. Franklin Lakes residents are well educated with 69.1% of residents with a Bachelor’s Degree or higher.

Is Franklin Lakes Diverse?

87.6% of Franklin Lakes residents are white, 6.2% of Franklin Lakes residents are Asians, 7% of Franklin Lakes residents are Hispanic and 2.6% of Franklin Lakes residents are African Americans.

Are there a lot of families living in Franklin Lakes, NJ?

Most households in Franklin Lakes are families- 76.5% of all households in Franklin Lakes are married-couple family households. The average family size in Franklin Lakes is 3.14. 21.7% of Franklin Lakes residents are children under 18 years old and 3% of Franklin Lakes residents are under 5 years old.

Are there a lot of Stay at Home Moms in Franklin Lakes?

There are a lot of stay at home moms in Franklin Lakes- 28.5% of households in Franklin Lakes have a stay at home mom. 45.4% of married households in Franklin Lakes are dual income working parents, 28.5% of married households in Franklin Lakes have Stay at Home Moms and 9.4% of married households in Franklin Lakes have Stay at Home Dads.

Are there a lot of Singles in Franklin Lakes?

22.6% of Franklin Lakes residents are singles and have never been married. Most households in Franklin Lakes are comprised of married couples. Married couples represent 67% of all households in Franklin Lakes.

Is Franklin Lakes Affluent?

Franklin Lakes has a median household income of $172,766. This is much higher than the NJ median household income of $85,751.

Are there a lot of rentals in Franklin Lakes, NJ?

Most housing units in Franklin Lakes are owner occupied with 89.3% of homes in Franklin Lakes owner-occupied housing, while 10.7% of homes in Franklin Lakes are rentals.

How Much Is Rent in Franklin Lakes, NJ? 

The median gross rent in Franklin Lakes, NJ is $2,642. Compare this to overall New Jersey where the median gross rent is $1,376.

What is the Median Home Value in Franklin Lakes, NJ?

The Median Home Value of owner-occupied homes in Franklin Lakes, NJ is $945,900.

How Long is the Average Commute to Work for Franklin Lakes residents?

The average commute to work for Franklin Lakes residents is 34.1 minutes. This is similar to the average commuting time for most NJ residents of 33.1 minutes.

Do Franklin Lakes Residents Drive to Work?

Most Franklin Lakes residents drive to work with 78.6% of residents driving to work.

What County is Franklin Lakes located in?

Franklin Lakes, NJ is in Bergen County.

Check Out Our Interviews with Franklin Lakes Residents

Get the inside scoop on what it’s really like to live in Franklin Lakes through our interviews with local Franklin Lakes residents.

Meghan Buchert- Mom, Food Scientist and Entrepreneur from Franklin Lakes, NJ

Erin Lepone’s Life in Franklin Lakes, NJ

Franklin Lakes Real Estate Taxes

Franklin Lakes’s General Property Tax Rate is 1.648. The Median Property tax in Franklin Lakes is $15,588. This property tax calculation is based on the Median Home Value of owner-occupied homes in Franklin Lakes of $945,900.

You May Be Interested In: NJ Property Tax Rates (Town by Town List)

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Data Source: US Census American Community Survey

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