Franklin Lakes borough, NJ
Franklin Lakes borough Overview
11,007
TOTAL POPULATION
5,604
MALE POPULATION
5,403
FEMALE POPULATION
103.72
MALES / 100 FEMALES
96.41
FEMALES / 100 MALES
47.6
MEDIAN AGE
3.2
AVG FAMILY SIZE
2.9
AVG HOUSEHOLD SIZE
$102,827
PER CAPITA INCOME
$232,224
AVG FAMILY INCOME
$204,917
AVG HOUSEHOLD INCOME
58.0%
WAGE / INCOME GAP [ % ]
42.0¢/ $1
WAGE / INCOME GAP [ $ ]
0.50
INEQUALITY / GINI INDEX
4,845
LABOR FORCE [ PEOPLE ]
55.8%
PERCENT IN LABOR FORCE
4.4%
UNEMPLOYMENT RATE
Race in Franklin Lakes borough
The most populous races in Franklin Lakes borough are White / Caucasian (8,860 | 80.5%), Asian (1,073 | 9.8%), and Hispanic or Latino (984 | 8.9%).
| Race | # Population | % Population |
| Asian | 1,073 | 9.8% |
| Black / African American | 258 | 2.3% |
| Hawaiian / Pacific | 0 | 0.0% |
| Hispanic or Latino | 984 | 8.9% |
| Native / Alaskan | 0 | 0.0% |
| White / Caucasian | 8,860 | 80.5% |
| Two or more Races | 772 | 7.0% |
| Some other Race | 44 | 0.4% |
| Total | 11,007 | 100.0% |
Ancestry in Franklin Lakes borough
The most populous ancestries reported in Franklin Lakes borough are Italian (2,332 | 21.2%), Irish (1,352 | 12.3%), Polish (1,324 | 12.0%), German (1,302 | 11.8%), and Russian (842 | 7.6%), together accounting for 65.0% of all Franklin Lakes borough residents.
| Ancestry | # Population | % Population |
| Afghan | 20 | 0.2% |
| Albanian | 83 | 0.7% |
| American | 314 | 2.9% |
| Arab | 525 | 4.8% |
| Argentinean | 239 | 2.2% |
| Armenian | 108 | 1.0% |
| Austrian | 123 | 1.1% |
| Belgian | 5 | 0.1% |
| Bhutanese | 59 | 0.5% |
| British | 11 | 0.1% |
| Burmese | 369 | 3.4% |
| Colombian | 109 | 1.0% |
| Croatian | 48 | 0.4% |
| Cuban | 145 | 1.3% |
| Cypriot | 8 | 0.1% |
| Czech | 58 | 0.5% |
| Danish | 17 | 0.2% |
| Dominican | 86 | 0.8% |
| Dutch | 218 | 2.0% |
| Eastern European | 440 | 4.0% |
| Egyptian | 142 | 1.3% |
| English | 562 | 5.1% |
| European | 249 | 2.3% |
| Filipino | 66 | 0.6% |
| French | 134 | 1.2% |
| French Canadian | 6 | 0.1% |
| German | 1,302 | 11.8% |
| Greek | 293 | 2.7% |
| Hungarian | 131 | 1.2% |
| Indian (Asian) | 188 | 1.7% |
| Iranian | 91 | 0.8% |
| Irish | 1,352 | 12.3% |
| Israeli | 43 | 0.4% |
| Italian | 2,332 | 21.2% |
| Jamaican | 13 | 0.1% |
| Jordanian | 22 | 0.2% |
| Korean | 71 | 0.6% |
| Lebanese | 102 | 0.9% |
| Lithuanian | 71 | 0.6% |
| Maltese | 4 | 0.0% |
| Nigerian | 13 | 0.1% |
| Norwegian | 47 | 0.4% |
| Peruvian | 102 | 0.9% |
| Polish | 1,324 | 12.0% |
| Portuguese | 42 | 0.4% |
| Puerto Rican | 251 | 2.3% |
| Romanian | 18 | 0.2% |
| Russian | 842 | 7.6% |
| Scandinavian | 68 | 0.6% |
| Scottish | 73 | 0.7% |
| Slovak | 57 | 0.5% |
| South American | 450 | 4.1% |
| Spaniard | 37 | 0.3% |
| Subsaharan African | 13 | 0.1% |
| Swedish | 185 | 1.7% |
| Swiss | 7 | 0.1% |
| Syrian | 315 | 2.9% |
| Thai | 412 | 3.7% |
| Turkish | 11 | 0.1% |
| Ukrainian | 208 | 1.9% |
| Vietnamese | 11 | 0.1% |
| Yugoslavian | 27 | 0.3% | View All 62 Rows |
Immigrants in Franklin Lakes borough
The most numerous immigrant groups reported in Franklin Lakes borough came from Asia (898 | 8.2%), Europe (610 | 5.5%), Eastern Asia (395 | 3.6%), Eastern Europe (369 | 3.4%), and Western Asia (311 | 2.8%), together accounting for 23.5% of all Franklin Lakes borough residents.
| Immigration Origin | # Population | % Population |
| Afghanistan | 10 | 0.1% |
| Africa | 149 | 1.3% |
| Albania | 5 | 0.1% |
| Asia | 898 | 8.2% |
| Belarus | 6 | 0.1% |
| Brazil | 10 | 0.1% |
| Canada | 35 | 0.3% |
| Caribbean | 83 | 0.7% |
| China | 156 | 1.4% |
| Colombia | 111 | 1.0% |
| Cuba | 57 | 0.5% |
| Czechoslovakia | 57 | 0.5% |
| Eastern Africa | 29 | 0.3% |
| Eastern Asia | 395 | 3.6% |
| Eastern Europe | 369 | 3.4% |
| Egypt | 43 | 0.4% |
| England | 133 | 1.2% |
| Europe | 610 | 5.5% |
| Germany | 19 | 0.2% |
| Greece | 17 | 0.2% |
| India | 151 | 1.4% |
| Iran | 31 | 0.3% |
| Israel | 32 | 0.3% |
| Italy | 64 | 0.6% |
| Jordan | 13 | 0.1% |
| Kenya | 29 | 0.3% |
| Korea | 239 | 2.2% |
| Latin America | 259 | 2.4% |
| Lebanon | 16 | 0.2% |
| Northern Africa | 54 | 0.5% |
| Northern Europe | 141 | 1.3% |
| Peru | 55 | 0.5% |
| Poland | 116 | 1.1% |
| Russia | 129 | 1.2% |
| South America | 176 | 1.6% |
| South Central Asia | 192 | 1.7% |
| Southern Europe | 81 | 0.7% |
| Syria | 189 | 1.7% |
| Taiwan | 59 | 0.5% |
| Trinidad and Tobago | 26 | 0.2% |
| Turkey | 30 | 0.3% |
| Ukraine | 37 | 0.3% |
| Western Asia | 311 | 2.8% |
| Western Europe | 19 | 0.2% | View All 44 Rows |
Sex and Age in Franklin Lakes borough
Sex and Age in Franklin Lakes borough
The most populous age groups in Franklin Lakes borough are 15 to 19 Years (647 | 11.6%) for men and 55 to 59 Years (532 | 9.9%) for women.
| Age Bracket | Male | Female |
| Under 5 Years | 130 (2.3%) | 140 (2.6%) |
| 5 to 9 Years | 419 (7.5%) | 413 (7.6%) |
| 10 to 14 Years | 631 (11.3%) | 388 (7.2%) |
| 15 to 19 Years | 647 (11.6%) | 324 (6.0%) |
| 20 to 24 Years | 283 (5.1%) | 164 (3.0%) |
| 25 to 29 Years | 163 (2.9%) | 284 (5.3%) |
| 30 to 34 Years | 102 (1.8%) | 39 (0.7%) |
| 35 to 39 Years | 120 (2.1%) | 207 (3.8%) |
| 40 to 44 Years | 316 (5.6%) | 378 (7.0%) |
| 45 to 49 Years | 366 (6.5%) | 456 (8.4%) |
| 50 to 54 Years | 385 (6.9%) | 486 (9.0%) |
| 55 to 59 Years | 625 (11.2%) | 532 (9.9%) |
| 60 to 64 Years | 356 (6.4%) | 271 (5.0%) |
| 65 to 69 Years | 298 (5.3%) | 433 (8.0%) |
| 70 to 74 Years | 207 (3.7%) | 316 (5.9%) |
| 75 to 79 Years | 356 (6.4%) | 298 (5.5%) |
| 80 to 84 Years | 131 (2.3%) | 142 (2.6%) |
| 85 Years and over | 69 (1.2%) | 132 (2.4%) |
| Total | 5,604 (100.0%) | 5,403 (100.0%) |
Families and Households in Franklin Lakes borough
Median Family Size in Franklin Lakes borough
The median family size in Franklin Lakes borough is 3.20 persons per family, with married-couple families (3,051 | 93.6%) accounting for the largest median family size of 3.23 persons per family. On the other hand, single male/father families (8 | 0.3%) represent the smallest median family size with 2.25 persons per family.
| Family Type | # Families | Family Size |
| Married-Couple | 3,051 (93.6%) | 3.23 |
| Single Male/Father | 8 (0.3%) | 2.25 |
| Single Female/Mother | 202 (6.2%) | 2.76 |
| Total Families | 3,261 (100.0%) | 3.20 |
Median Household Size in Franklin Lakes borough
The median household size in Franklin Lakes borough is 2.92 persons per household, with married-couple households (3,051 | 81.0%) accounting for the largest median household size of 3.24 persons per household. non-family households (506 | 13.4%) represent the smallest median household size with 1.08 persons per household.
| Household Type | # Households | Household Size |
| Married-Couple | 3,051 (81.0%) | 3.24 |
| Single Male/Father | 8 (0.2%) | 2.25 |
| Single Female/Mother | 202 (5.4%) | 2.79 |
| Non-family | 506 (13.4%) | 1.08 |
| Total Households | 3,767 (100.0%) | 2.92 |
Household Size by Marriage Status in Franklin Lakes borough
Out of a total of 3,767 households in Franklin Lakes borough, 3,261 (86.6%) are family households, while 506 (13.4%) are nonfamily households. The most numerous type of family households are 2-person households, comprising 1,359, and the most common type of nonfamily households are 1-person households, comprising 464.
| Household Size | Family Households | Nonfamily Households |
| 1-Person Households | - | 464 (12.3%) |
| 2-Person Households | 1,359 (36.1%) | 42 (1.1%) |
| 3-Person Households | 658 (17.5%) | 0 (0.0%) |
| 4-Person Households | 837 (22.2%) | 0 (0.0%) |
| 5-Person Households | 242 (6.4%) | 0 (0.0%) |
| 6-Person Households | 119 (3.2%) | 0 (0.0%) |
| 7+ Person Households | 46 (1.2%) | 0 (0.0%) |
| Total | 3,261 (86.6%) | 506 (13.4%) |
Female Fertility in Franklin Lakes borough
Fertility by Age in Franklin Lakes borough
Average fertility rate in Franklin Lakes borough is 24.0 births per 1,000 women. Women in the age bracket of 35 to 50 years have the highest fertility rate with 30.0 births per 1,000 women. Women in the age bracket of 35 to 50 years acount for 73.9% of all women with births.
| Age Bracket | Women with Births | Births / 1,000 Women |
| 15 to 19 years | 0 (0.0%) | 0.0 |
| 20 to 34 years | 12 (26.1%) | 25.0 |
| 35 to 50 years | 34 (73.9%) | 30.0 |
| Total | 46 (100.0%) | 24.0 |
Fertility by Age by Marriage Status in Franklin Lakes borough
| Age Bracket | Married | Unmarried |
| 15 to 19 years | 0 (0.0%) | 0 (0.0%) |
| 20 to 34 years | 12 (100.0%) | 0 (0.0%) |
| 35 to 50 years | 34 (100.0%) | 0 (0.0%) |
| Total | 46 (100.0%) | 0 (0.0%) |
Fertility by Education in Franklin Lakes borough
| Educational Attainment | Women with Births | Births / 1,000 Women |
| Less than High School | 0 (0.0%) | 0.0 |
| High School Diploma | 0 (0.0%) | 0.0 |
| College or Associate's Degree | 0 (0.0%) | 0.0 |
| Bachelor's Degree | 22 (47.8%) | 25.0 |
| Graduate Degree | 24 (52.2%) | 46.0 |
| Total | 46 (100.0%) | 24.0 |
Fertility by Education by Marriage Status in Franklin Lakes borough
| Educational Attainment | Married | Unmarried |
| Less than High School | 0 (0.0%) | 0 (0.0%) |
| High School Diploma | 0 (0.0%) | 0 (0.0%) |
| College or Associate's Degree | 0 (0.0%) | 0 (0.0%) |
| Bachelor's Degree | 22 (100.0%) | 0 (0.0%) |
| Graduate Degree | 24 (100.0%) | 0 (0.0%) |
| Total | 46 (100.0%) | 0 (0.0%) |
Income in Franklin Lakes borough
Income Overview in Franklin Lakes borough
Per Capita Income in Franklin Lakes borough is $102,827, while median incomes of families and households are $232,224 and $204,917 respectively.
| Characteristic | Number | Measure |
| Per Capita Income | 11,007 | $102,827 |
| Median Family Income | 3,261 | $232,224 |
| Mean Family Income | 3,261 | $328,622 |
| Median Household Income | 3,767 | $204,917 |
| Mean Household Income | 3,767 | $297,367 |
| Income Deficit | 3,261 | $0 |
| Wage / Income Gap (%) | 11,007 | 58.01% |
| Wage / Income Gap ($) | 11,007 | 41.99¢ per $1 |
| Gini / Inequality Index | 11,007 | 0.50 |
Earnings by Sex in Franklin Lakes borough
Average Earnings in Franklin Lakes borough are $88,953, $130,536 for men and $54,815 for women, a difference of 58.0%.
| Sex | Number | Average Earnings |
| Male | 2,851 (56.2%) | $130,536 |
| Female | 2,224 (43.8%) | $54,815 |
| Total | 5,075 (100.0%) | $88,953 |
Earnings by Sex by Income Bracket in Franklin Lakes borough
The most common earnings brackets in Franklin Lakes borough are $100,000+ for men (1,734 | 60.8%) and $100,000+ for women (642 | 28.9%).
| Income | Male | Female |
| $2,499 or less | 100 (3.5%) | 110 (5.0%) |
| $2,500 to $4,999 | 20 (0.7%) | 54 (2.4%) |
| $5,000 to $7,499 | 160 (5.6%) | 10 (0.4%) |
| $7,500 to $9,999 | 11 (0.4%) | 47 (2.1%) |
| $10,000 to $12,499 | 39 (1.4%) | 97 (4.4%) |
| $12,500 to $14,999 | 10 (0.4%) | 11 (0.5%) |
| $15,000 to $17,499 | 22 (0.8%) | 117 (5.3%) |
| $17,500 to $19,999 | 67 (2.4%) | 90 (4.1%) |
| $20,000 to $22,499 | 0 (0.0%) | 75 (3.4%) |
| $22,500 to $24,999 | 29 (1.0%) | 45 (2.0%) |
| $25,000 to $29,999 | 52 (1.8%) | 101 (4.5%) |
| $30,000 to $34,999 | 23 (0.8%) | 93 (4.2%) |
| $35,000 to $39,999 | 33 (1.2%) | 41 (1.8%) |
| $40,000 to $44,999 | 19 (0.7%) | 61 (2.7%) |
| $45,000 to $49,999 | 16 (0.6%) | 77 (3.5%) |
| $50,000 to $54,999 | 20 (0.7%) | 89 (4.0%) |
| $55,000 to $64,999 | 105 (3.7%) | 155 (7.0%) |
| $65,000 to $74,999 | 146 (5.1%) | 71 (3.2%) |
| $75,000 to $99,999 | 245 (8.6%) | 238 (10.7%) |
| $100,000+ | 1,734 (60.8%) | 642 (28.9%) |
| Total | 2,851 (100.0%) | 2,224 (100.0%) |
Earnings by Sex by Educational Attainment in Franklin Lakes borough
Average earnings in Franklin Lakes borough are $153,239 for men and $61,056 for women, a difference of 60.2%. Men with an educational attainment of graduate degree enjoy the highest average annual earnings of $224,286, while those with college or associate's degree education earn the least with $110,985. Women with an educational attainment of graduate degree earn the most with the average annual earnings of $88,798, while those with high school diploma education have the smallest earnings of $40,804.
| Educational Attainment | Male Income | Female Income |
| Less than High School | - | - |
| High School Diploma | - | - |
| College or Associate's Degree | $110,985 | $45,000 |
| Bachelor's Degree | $155,000 | $47,446 |
| Graduate Degree | $224,286 | $88,798 |
| Total | $153,239 | $61,056 |
Family Income in Franklin Lakes borough
Family Income Brackets in Franklin Lakes borough
According to the Franklin Lakes borough family income data, there are 1,940 families falling into the $200,000+ income range, which is the most common income bracket and makes up 59.5% of all families. Conversely, the $10,000 to $14,999 income bracket is the least frequent group with only 10 families (0.3%) belonging to this category.
| Income Bracket | # Families | % Families |
| Less than $10,000 | 82 | 2.5% |
| $10,000 to $14,999 | 10 | 0.3% |
| $15,000 to $24,999 | 16 | 0.5% |
| $25,000 to $34,999 | 16 | 0.5% |
| $35,000 to $49,999 | 199 | 6.1% |
| $50,000 to $74,999 | 218 | 6.7% |
| $75,000 to $99,999 | 91 | 2.8% |
| $100,000 to $149,999 | 411 | 12.6% |
| $150,000 to $199,999 | 280 | 8.6% |
| $200,000+ | 1,940 | 59.5% |
Family Income by Famaliy Size in Franklin Lakes borough
4-person families (837 | 25.7%) account for the highest median family income in Franklin Lakes borough with $250,001 per family, while 2-person families (1,392 | 42.7%) have the highest median income of $85,312 per family member.
| Income Bracket | # Families | Median Income |
| 2-Person Families | 1,392 (42.7%) | $170,625 |
| 3-Person Families | 625 (19.2%) | $207,455 |
| 4-Person Families | 837 (25.7%) | $250,001 |
| 5-Person Families | 242 (7.4%) | $250,001 |
| 6-Person Families | 119 (3.6%) | $250,001 |
| 7+ Person Families | 46 (1.4%) | $0 |
| Total | 3,261 (100.0%) | $232,224 |
Family Income by Number of Earners in Franklin Lakes borough
The median family income in Franklin Lakes borough is $232,224, with families comprising 2 earners (1,157) having the highest median family income of $250,001, while families with no earners (639) have the lowest median family income of $73,309, accounting for 35.5% and 19.6% of families, respectively.
| Number of Earners | # Families | Median Income |
| No Earners | 639 (19.6%) | $73,309 |
| 1 Earner | 993 (30.4%) | $238,354 |
| 2 Earners | 1,157 (35.5%) | $250,001 |
| 3+ Earners | 472 (14.5%) | $250,001 |
| Total | 3,261 (100.0%) | $232,224 |
Household Income in Franklin Lakes borough
Household Income Brackets in Franklin Lakes borough
With 1,963 households falling in the category, the $200,000+ income range is the most frequent in Franklin Lakes borough, accounting for 52.1% of all households. In contrast, only 8 households (0.2%) fall into the $10,000 to $14,999 income bracket, making it the least populous group.
| Income Bracket | # Households | % Households |
| Less than $10,000 | 121 | 3.2% |
| $10,000 to $14,999 | 8 | 0.2% |
| $15,000 to $24,999 | 15 | 0.4% |
| $25,000 to $34,999 | 132 | 3.5% |
| $35,000 to $49,999 | 237 | 6.3% |
| $50,000 to $74,999 | 256 | 6.8% |
| $75,000 to $99,999 | 139 | 3.7% |
| $100,000 to $149,999 | 501 | 13.3% |
| $150,000 to $199,999 | 392 | 10.4% |
| $200,000+ | 1,963 | 52.1% |
Household Income by Householder Age in Franklin Lakes borough
The median household income in Franklin Lakes borough is $204,917, with the highest median household income of $250,001 found in the 45 to 64 years age bracket for the primary householder. A total of 1,831 households (48.6%) fall into this category.
| Income Bracket | # Households | Median Income |
| 15 to 24 Years | 0 (0.0%) | $0 |
| 25 to 44 Years | 525 (13.9%) | $238,405 |
| 45 to 64 Years | 1,831 (48.6%) | $250,001 |
| 65+ Years | 1,411 (37.5%) | $124,280 |
| Total | 3,767 (100.0%) | $204,917 |
Poverty in Franklin Lakes borough
Income Below Poverty by Sex and Age in Franklin Lakes borough
With 3.0% poverty level for males and 3.4% for females among the residents of Franklin Lakes borough, 15 year old males and 65 to 74 year old females are the most vulnerable to poverty, with 27 males (25.7%) and 84 females (11.2%) in their respective age groups living below the poverty level.
| Age Bracket | Male | Female |
| Under 5 Years | 0 (0.0%) | 0 (0.0%) |
| 5 Years | 0 (0.0%) | 0 (0.0%) |
| 6 to 11 Years | 0 (0.0%) | 24 (3.8%) |
| 12 to 14 Years | 0 (0.0%) | 0 (0.0%) |
| 15 Years | 27 (25.7%) | 0 (0.0%) |
| 16 and 17 Years | 0 (0.0%) | 0 (0.0%) |
| 18 to 24 Years | 0 (0.0%) | 1 (0.4%) |
| 25 to 34 Years | 0 (0.0%) | 0 (0.0%) |
| 35 to 44 Years | 0 (0.0%) | 9 (1.5%) |
| 45 to 54 Years | 21 (2.8%) | 26 (2.8%) |
| 55 to 64 Years | 17 (1.7%) | 0 (0.0%) |
| 65 to 74 Years | 80 (15.8%) | 84 (11.2%) |
| 75 Years and over | 23 (4.1%) | 41 (7.2%) |
| Total | 168 (3.0%) | 185 (3.4%) |
Income Above Poverty by Sex and Age in Franklin Lakes borough
According to the poverty statistics in Franklin Lakes borough, males aged under 5 years and females aged under 5 years are the age groups that are most secure financially, with 100.0% of males and 100.0% of females in these age groups living above the poverty line.
| Age Bracket | Male | Female |
| Under 5 Years | 130 (100.0%) | 140 (100.0%) |
| 5 Years | 92 (100.0%) | 30 (100.0%) |
| 6 to 11 Years | 512 (100.0%) | 602 (96.2%) |
| 12 to 14 Years | 446 (100.0%) | 145 (100.0%) |
| 15 Years | 78 (74.3%) | 98 (100.0%) |
| 16 and 17 Years | 255 (100.0%) | 150 (100.0%) |
| 18 to 24 Years | 570 (100.0%) | 239 (99.6%) |
| 25 to 34 Years | 265 (100.0%) | 323 (100.0%) |
| 35 to 44 Years | 436 (100.0%) | 576 (98.5%) |
| 45 to 54 Years | 730 (97.2%) | 916 (97.2%) |
| 55 to 64 Years | 964 (98.3%) | 803 (100.0%) |
| 65 to 74 Years | 425 (84.2%) | 665 (88.8%) |
| 75 Years and over | 533 (95.9%) | 531 (92.8%) |
| Total | 5,436 (97.0%) | 5,218 (96.6%) |
Income Below Poverty Among Married-Couple Families in Franklin Lakes borough
The poverty statistics for married-couple families in Franklin Lakes borough show that 3.7% or 113 of the total 3,051 families live below the poverty line. Families with no children have the highest poverty rate of 5.1%, comprising of 86 families. On the other hand, families with 3 or 4 children have the lowest poverty rate of 0.0%, which includes 0 families.
| Children | Above Poverty | Below Poverty |
| No Children | 1,589 (94.9%) | 86 (5.1%) |
| 1 or 2 Children | 1,111 (97.6%) | 27 (2.4%) |
| 3 or 4 Children | 212 (100.0%) | 0 (0.0%) |
| 5 or more Children | 26 (100.0%) | 0 (0.0%) |
| Total | 2,938 (96.3%) | 113 (3.7%) |
Income Below Poverty Among Single-Parent Households in Franklin Lakes borough
| Children | Single Father | Single Mother |
| No Children | 0 (0.0%) | 0 (0.0%) |
| 1 or 2 Children | 0 (0.0%) | 9 (81.8%) |
| 3 or 4 Children | 0 (0.0%) | 0 (0.0%) |
| 5 or more Children | 0 (0.0%) | 0 (0.0%) |
| Total | 0 (0.0%) | 9 (4.5%) |
Income Below Poverty Among Married-Couple vs Single-Parent Households in Franklin Lakes borough
The poverty data for Franklin Lakes borough shows that 113 of the married-couple family households (3.7%) and 9 of the single-parent households (4.3%) are living below the poverty level. Within the married-couple family households, those with no children have the highest poverty rate, with 86 households (5.1%) falling below the poverty line. Among the single-parent households, those with 1 or 2 children have the highest poverty rate, with 9 household (81.8%) living below poverty.
| Children | Married-Couple Families | Single-Parent Households |
| No Children | 86 (5.1%) | 0 (0.0%) |
| 1 or 2 Children | 27 (2.4%) | 9 (81.8%) |
| 3 or 4 Children | 0 (0.0%) | 0 (0.0%) |
| 5 or more Children | 0 (0.0%) | 0 (0.0%) |
| Total | 113 (3.7%) | 9 (4.3%) |
Employment Characteristics in Franklin Lakes borough
Employment by Class of Employer in Franklin Lakes borough
Among the 4,515 employed individuals in Franklin Lakes borough, private company employees (2,938 | 65.1%), self-employed (not incorporated) (489 | 10.8%), and self-employed (incorporated) (458 | 10.1%) make up the most common classes of employment.
| Employer Class | # Employees | % Employees |
| Private Company Employees | 2,938 | 65.1% |
| Self-Employed (Incorporated) | 458 | 10.1% |
| Self-Employed (Not Incorporated) | 489 | 10.8% |
| Not-for-profit Organizations | 292 | 6.5% |
| Local Government Employees | 206 | 4.6% |
| State Government Employees | 93 | 2.1% |
| Federal Government Employees | 39 | 0.9% |
| Unpaid Family Workers | 0 | 0.0% |
| Total | 4,515 | 100.0% |
Employment Status by Age in Franklin Lakes borough
According to the labor force statistics for Franklin Lakes borough, out of the total population over 16 years of age (8,683), 55.8% or 4,845 individuals are in the labor force, with 4.4% or 213 of them unemployed. The age group with the highest labor force participation rate is 25 to 29 years, with 92.6% or 414 individuals in the labor force. Within the labor force, the 20 to 24 years age range has the highest percentage of unemployed individuals, with 37.3% or 114 of them being unemployed.
| Age Bracket | In Labor Force | Unemployed |
| 16 to 19 Years | 92 (12.0%) | 0 (0.0%) |
| 20 to 24 Years | 306 (68.5%) | 114 (37.3%) |
| 25 to 29 Years | 414 (92.6%) | 41 (9.9%) |
| 30 to 34 Years | 130 (92.2%) | 0 (0.0%) |
| 35 to 44 Years | 667 (65.3%) | 19 (2.8%) |
| 45 to 54 Years | 1,309 (77.3%) | 0 (0.0%) |
| 55 to 59 Years | 963 (83.2%) | 37 (3.8%) |
| 60 to 64 Years | 435 (69.4%) | 0 (0.0%) |
| 65 to 74 Years | 414 (33.0%) | 0 (0.0%) |
| 75 Years and over | 116 (10.3%) | 0 (0.0%) |
| Total | 4,845 (55.8%) | 213 (4.4%) |
Employment Status by Educational Attainment in Franklin Lakes borough
According to labor force statistics for Franklin Lakes borough, 77.0% of individuals (3,916) out of the total population between 25 and 64 years of age (5,086) are in the labor force, with 2.5% or 98 of them being unemployed. The group with the highest labor force participation rate are those with the educational attainment of less than high school, with 100.0% or 18 individuals in the labor force. Within the labor force, individuals with college / associate degree education have the highest percentage of unemployment, with 4.9% or 22 of them being unemployed.
| Educational Attainment | In Labor Force | Unemployed |
| Less than High School | 18 (100.0%) | 0 (0.0%) |
| High School Diploma | 210 (76.1%) | 0 (0.0%) |
| College / Associate Degree | 450 (84.1%) | 26 (4.9%) |
| Bachelor's Degree or higher | 3,240 (76.1%) | 98 (2.3%) |
| Total | 3,916 (77.0%) | 127 (2.5%) |
Employment Occupations by Sex in Franklin Lakes borough
Management, Business, Science and Arts Occupations
The most common Management, Business, Science and Arts occupations in Franklin Lakes borough are Management (948 | 20.5%), Community & Social Service (762 | 16.4%), Health Diagnosing & Treating (552 | 11.9%), Business & Financial (513 | 11.1%), and Health Technologists (460 | 9.9%).
Management, Business, Science and Arts Occupations by Sex
Within the Management, Business, Science and Arts occupations in Franklin Lakes borough, the most male-oriented occupations are Architecture & Engineering (100.0%), Legal Services & Support (77.9%), and Management (74.3%), while the most female-oriented occupations are Education Instruction & Library (90.3%), Education, Arts & Media (85.1%), and Community & Social Service (68.2%).
| Occupation | Male | Female |
| Management | 704 (74.3%) | 244 (25.7%) |
| Business & Financial | 250 (48.7%) | 263 (51.3%) |
| Computers, Engineering & Science | 251 (71.9%) | 98 (28.1%) |
| Computers & Mathematics | 112 (62.9%) | 66 (37.1%) |
| Architecture & Engineering | 118 (100.0%) | 0 (0.0%) |
| Life, Physical & Social Science | 21 (39.6%) | 32 (60.4%) |
| Community & Social Service | 242 (31.8%) | 520 (68.2%) |
| Education, Arts & Media | 27 (14.9%) | 154 (85.1%) |
| Legal Services & Support | 113 (77.9%) | 32 (22.1%) |
| Education Instruction & Library | 32 (9.7%) | 299 (90.3%) |
| Arts, Media & Entertainment | 70 (66.7%) | 35 (33.3%) |
| Health Diagnosing & Treating | 282 (51.1%) | 270 (48.9%) |
| Health Technologists | 256 (55.6%) | 204 (44.4%) |
| Total (Category) | 1,729 (55.3%) | 1,395 (44.7%) |
| Total (Overall) | 2,583 (55.7%) | 2,051 (44.3%) |
Services Occupations
The most common Services occupations in Franklin Lakes borough are Food Preparation & Serving (133 | 2.9%), Healthcare Support (90 | 1.9%), Personal Care & Service (81 | 1.8%), Security & Protection (6 | 0.1%), and Law Enforcement (6 | 0.1%).
Services Occupations by Sex
Within the Services occupations in Franklin Lakes borough, the most male-oriented occupations are Security & Protection (100.0%), Law Enforcement (100.0%), and Food Preparation & Serving (49.6%), while the most female-oriented occupations are Personal Care & Service (100.0%), Healthcare Support (77.8%), and Food Preparation & Serving (50.4%).
| Occupation | Male | Female |
| Healthcare Support | 20 (22.2%) | 70 (77.8%) |
| Security & Protection | 6 (100.0%) | 0 (0.0%) |
| Firefighting & Prevention | 0 (0.0%) | 0 (0.0%) |
| Law Enforcement | 6 (100.0%) | 0 (0.0%) |
| Food Preparation & Serving | 66 (49.6%) | 67 (50.4%) |
| Cleaning & Maintenance | 0 (0.0%) | 0 (0.0%) |
| Personal Care & Service | 0 (0.0%) | 81 (100.0%) |
| Total (Category) | 92 (29.7%) | 218 (70.3%) |
| Total (Overall) | 2,583 (55.7%) | 2,051 (44.3%) |
Sales and Office Occupations
The most common Sales and Office occupations in Franklin Lakes borough are Sales & Related (629 | 13.6%), and Office & Administration (319 | 6.9%).
Sales and Office Occupations by Sex
| Occupation | Male | Female |
| Sales & Related | 456 (72.5%) | 173 (27.5%) |
| Office & Administration | 71 (22.3%) | 248 (77.7%) |
| Total (Category) | 527 (55.6%) | 421 (44.4%) |
| Total (Overall) | 2,583 (55.7%) | 2,051 (44.3%) |
Natural Resources, Construction and Maintenance Occupations
The most common Natural Resources, Construction and Maintenance occupations in Franklin Lakes borough are Installation, Maintenance & Repair (112 | 2.4%), and Construction & Extraction (56 | 1.2%).
Natural Resources, Construction and Maintenance Occupations by Sex
| Occupation | Male | Female |
| Farming, Fishing & Forestry | 0 (0.0%) | 0 (0.0%) |
| Construction & Extraction | 56 (100.0%) | 0 (0.0%) |
| Installation, Maintenance & Repair | 112 (100.0%) | 0 (0.0%) |
| Total (Category) | 168 (100.0%) | 0 (0.0%) |
| Total (Overall) | 2,583 (55.7%) | 2,051 (44.3%) |
Production, Transportation and Moving Occupations
The most common Production, Transportation and Moving occupations in Franklin Lakes borough are Material Moving (40 | 0.9%), Transportation (24 | 0.5%), and Production (20 | 0.4%).
Production, Transportation and Moving Occupations by Sex
| Occupation | Male | Female |
| Production | 20 (100.0%) | 0 (0.0%) |
| Transportation | 24 (100.0%) | 0 (0.0%) |
| Material Moving | 23 (57.5%) | 17 (42.5%) |
| Total (Category) | 67 (79.8%) | 17 (20.2%) |
| Total (Overall) | 2,583 (55.7%) | 2,051 (44.3%) |
Employment Industries by Sex in Franklin Lakes borough
Employment Industries in Franklin Lakes borough
The major employment industries in Franklin Lakes borough include Professional & Scientific (747 | 16.1%), Health Care & Social Assistance (739 | 16.0%), Finance & Insurance (619 | 13.4%), Manufacturing (443 | 9.6%), and Educational Services (439 | 9.5%).
Employment Industries by Sex in Franklin Lakes borough
The Franklin Lakes borough industries that see more men than women are Mining, Quarrying, & Extraction (100.0%), Transportation & Warehousing (89.9%), and Construction (87.2%), whereas the industries that tend to have a higher number of women are Administrative & Support (84.2%), Educational Services (77.2%), and Health Care & Social Assistance (60.6%).
| Industry | Male | Female |
| Agriculture, Fishing & Hunting | 0 (0.0%) | 0 (0.0%) |
| Mining, Quarrying, & Extraction | 14 (100.0%) | 0 (0.0%) |
| Construction | 156 (87.2%) | 23 (12.9%) |
| Manufacturing | 269 (60.7%) | 174 (39.3%) |
| Wholesale Trade | 97 (41.8%) | 135 (58.2%) |
| Retail Trade | 137 (55.0%) | 112 (45.0%) |
| Transportation & Warehousing | 89 (89.9%) | 10 (10.1%) |
| Utilities | 0 (0.0%) | 0 (0.0%) |
| Information | 67 (78.8%) | 18 (21.2%) |
| Finance & Insurance | 538 (86.9%) | 81 (13.1%) |
| Real Estate, Rental & Leasing | 143 (69.1%) | 64 (30.9%) |
| Professional & Scientific | 451 (60.4%) | 296 (39.6%) |
| Enterprise Management | 0 (0.0%) | 0 (0.0%) |
| Administrative & Support | 15 (15.8%) | 80 (84.2%) |
| Educational Services | 100 (22.8%) | 339 (77.2%) |
| Health Care & Social Assistance | 291 (39.4%) | 448 (60.6%) |
| Arts, Entertainment & Recreation | 6 (50.0%) | 6 (50.0%) |
| Accommodation & Food Services | 72 (62.6%) | 43 (37.4%) |
| Public Administration | 48 (46.6%) | 55 (53.4%) |
| Total | 2,583 (55.7%) | 2,051 (44.3%) |
Education in Franklin Lakes borough
School Enrollment in Franklin Lakes borough
The most common levels of schooling among the 3,259 students in Franklin Lakes borough are high school (899 | 27.6%), middle school (794 | 24.4%), and elementary school (724 | 22.2%).
| School Level | # Students | % Students |
| Nursery / Preschool | 186 | 5.7% |
| Kindergarten | 77 | 2.4% |
| Elementary School | 724 | 22.2% |
| Middle School | 794 | 24.4% |
| High School | 899 | 27.6% |
| College / Undergraduate | 397 | 12.2% |
| Graduate / Professional | 182 | 5.6% |
| Total | 3,259 | 100.0% |
School Enrollment by Age by Funding Source in Franklin Lakes borough
Out of a total of 3,259 students who are enrolled in schools in Franklin Lakes borough, 860 (26.4%) attend a private institution, while the remaining 2,399 (73.6%) are enrolled in public schools. The age group of 25 to 34 year olds has the highest likelihood of being enrolled in private schools, with 117 (100.0% in the age bracket) enrolled. Conversely, the age group of 20 to 24 year olds has the lowest likelihood of being enrolled in a private school, with 169 (100.0% in the age bracket) attending a public institution.
| Age Bracket | Public School | Private School |
| 3 to 4 Year Olds | 20 (21.7%) | 72 (78.3%) |
| 5 to 9 Year Old | 750 (92.5%) | 61 (7.5%) |
| 10 to 14 Year Olds | 827 (81.8%) | 184 (18.2%) |
| 15 to 17 Year Olds | 429 (74.9%) | 144 (25.1%) |
| 18 to 19 Year Olds | 111 (33.0%) | 225 (67.0%) |
| 20 to 24 Year Olds | 169 (100.0%) | 0 (0.0%) |
| 25 to 34 Year Olds | 0 (0.0%) | 117 (100.0%) |
| 35 Years and over | 92 (61.3%) | 58 (38.7%) |
| Total | 2,399 (73.6%) | 860 (26.4%) |
Educational Attainment by Field of Study in Franklin Lakes borough
Business (1,451 | 22.2%), social sciences (690 | 10.6%), liberal arts & history (585 | 9.0%), communications (533 | 8.2%), and science & technology (483 | 7.4%) are the most common fields of study among 6,531 individuals in Franklin Lakes borough who have obtained a bachelor's degree or higher.
| Field of Study | # Graduates | % Graduates |
| Computers & Mathematics | 203 | 3.1% |
| Bio, Nature & Agricultural | 472 | 7.2% |
| Physical & Health Sciences | 166 | 2.5% |
| Psychology | 352 | 5.4% |
| Social Sciences | 690 | 10.6% |
| Engineering | 477 | 7.3% |
| Multidisciplinary Studies | 75 | 1.1% |
| Science & Technology | 483 | 7.4% |
| Business | 1,451 | 22.2% |
| Education | 476 | 7.3% |
| Literature & Languages | 204 | 3.1% |
| Liberal Arts & History | 585 | 9.0% |
| Visual & Performing Arts | 241 | 3.7% |
| Communications | 533 | 8.2% |
| Arts & Humanities | 123 | 1.9% |
| Total | 6,531 | 100.0% |
Transportation & Commute in Franklin Lakes borough
Vehicle Availability by Sex in Franklin Lakes borough
The most prevalent vehicle ownership categories in Franklin Lakes borough are males with 2 vehicles (1,128, accounting for 44.4%) and females with 2 vehicles (830, making up 57.1%).
| Vehicles Available | Male | Female |
| No Vehicle | 54 (2.1%) | 36 (1.8%) |
| 1 Vehicle | 60 (2.4%) | 119 (6.0%) |
| 2 Vehicles | 1,128 (44.4%) | 830 (42.0%) |
| 3 Vehicles | 816 (32.1%) | 576 (29.2%) |
| 4 Vehicles | 385 (15.2%) | 344 (17.4%) |
| 5 or more Vehicles | 96 (3.8%) | 70 (3.5%) |
| Total | 2,539 (100.0%) | 1,975 (100.0%) |
Commute Time in Franklin Lakes borough
The most frequently occuring commute durations in Franklin Lakes borough are 60 to 89 minutes (496 commuters, 14.7%), 30 to 34 minutes (485 commuters, 14.4%), and 45 to 59 minutes (353 commuters, 10.5%).
| Commute Time | # Commuters | % Commuters |
| Less than 5 Minutes | 142 | 4.2% |
| 5 to 9 Minutes | 230 | 6.8% |
| 10 to 14 Minutes | 330 | 9.8% |
| 15 to 19 Minutes | 344 | 10.2% |
| 20 to 24 Minutes | 352 | 10.4% |
| 25 to 29 Minutes | 122 | 3.6% |
| 30 to 34 Minutes | 485 | 14.4% |
| 35 to 39 Minutes | 60 | 1.8% |
| 40 to 44 Minutes | 218 | 6.5% |
| 45 to 59 Minutes | 353 | 10.5% |
| 60 to 89 Minutes | 496 | 14.7% |
| 90 or more Minutes | 242 | 7.2% |
Commute Time by Sex in Franklin Lakes borough
The most common commute times in Franklin Lakes borough are 60 to 89 minutes (402 commuters, 21.2%) for males and 30 to 34 minutes (286 commuters, 19.4%) for females.
| Commute Time | Male | Female |
| Less than 5 Minutes | 74 (3.9%) | 68 (4.6%) |
| 5 to 9 Minutes | 100 (5.3%) | 130 (8.8%) |
| 10 to 14 Minutes | 129 (6.8%) | 201 (13.6%) |
| 15 to 19 Minutes | 135 (7.1%) | 209 (14.1%) |
| 20 to 24 Minutes | 196 (10.3%) | 156 (10.5%) |
| 25 to 29 Minutes | 111 (5.9%) | 11 (0.7%) |
| 30 to 34 Minutes | 199 (10.5%) | 286 (19.4%) |
| 35 to 39 Minutes | 39 (2.1%) | 21 (1.4%) |
| 40 to 44 Minutes | 108 (5.7%) | 110 (7.4%) |
| 45 to 59 Minutes | 248 (13.1%) | 105 (7.1%) |
| 60 to 89 Minutes | 402 (21.2%) | 94 (6.4%) |
| 90 or more Minutes | 155 (8.2%) | 87 (5.9%) |
Time of Departure to Work by Sex in Franklin Lakes borough
The most frequent times of departure to work in Franklin Lakes borough are 7:00 AM to 7:29 AM (287, 15.1%) for males and 9:00 AM to 9:59 AM (251, 17.0%) for females.
| Time of Departure | Male | Female |
| 12:00 AM to 4:59 AM | 76 (4.0%) | 15 (1.0%) |
| 5:00 AM to 5:29 AM | 37 (1.9%) | 0 (0.0%) |
| 5:30 AM to 5:59 AM | 35 (1.8%) | 14 (0.9%) |
| 6:00 AM to 6:29 AM | 186 (9.8%) | 115 (7.8%) |
| 6:30 AM to 6:59 AM | 206 (10.9%) | 69 (4.7%) |
| 7:00 AM to 7:29 AM | 287 (15.1%) | 226 (15.3%) |
| 7:30 AM to 7:59 AM | 126 (6.7%) | 177 (12.0%) |
| 8:00 AM to 8:29 AM | 275 (14.5%) | 176 (11.9%) |
| 8:30 AM to 8:59 AM | 160 (8.4%) | 152 (10.3%) |
| 9:00 AM to 9:59 AM | 275 (14.5%) | 251 (17.0%) |
| 10:00 AM to 10:59 AM | 14 (0.7%) | 159 (10.8%) |
| 11:00 AM to 11:59 AM | 28 (1.5%) | 10 (0.7%) |
| 12:00 PM to 3:59 PM | 66 (3.5%) | 77 (5.2%) |
| 4:00 PM to 11:59 PM | 125 (6.6%) | 37 (2.5%) |
| Total | 1,896 (100.0%) | 1,478 (100.0%) |
Housing Occupancy in Franklin Lakes borough
Occupancy by Ownership in Franklin Lakes borough
Of the total 3,767 dwellings in Franklin Lakes borough, owner-occupied units account for 3,316 (88.0%), while renter-occupied units make up 451 (12.0%).
| Occupancy | # Housing Units | % Housing Units |
| Owner Occupied Housing Units | 3,316 | 88.0% |
| Renter-Occupied Housing Units | 451 | 12.0% |
| Total Occupied Housing Units | 3,767 | 100.0% |
Occupancy by Household Size in Franklin Lakes borough
| Household Size | # Housing Units | % Housing Units |
| 1-Person Household | 464 | 12.3% |
| 2-Person Household | 1,401 | 37.2% |
| 3-Person Household | 658 | 17.5% |
| 4+ Person Household | 1,244 | 33.0% |
| Total Housing Units | 3,767 | 100.0% |
Occupancy by Ownership by Household Size in Franklin Lakes borough
| Household Size | Owner-occupied | Renter-occupied |
| 1-Person Household | 362 (78.0%) | 102 (22.0%) |
| 2-Person Household | 1,193 (85.2%) | 208 (14.8%) |
| 3-Person Household | 538 (81.8%) | 120 (18.2%) |
| 4+ Person Household | 1,223 (98.3%) | 21 (1.7%) |
| Total Housing Units | 3,316 (88.0%) | 451 (12.0%) |
Occupancy by Educational Attainment in Franklin Lakes borough
| Household Size | Owner-occupied | Renter-occupied |
| Less than High School | 19 (43.2%) | 25 (56.8%) |
| High School Diploma | 217 (91.9%) | 19 (8.1%) |
| College/Associate Degree | 371 (82.3%) | 80 (17.7%) |
| Bachelor's Degree or higher | 2,709 (89.2%) | 327 (10.8%) |
Occupancy by Age of Householder in Franklin Lakes borough
| Age Bracket | # Households | % Households |
| Under 35 Years | 92 | 2.4% |
| 35 to 44 Years | 433 | 11.5% |
| 45 to 54 Years | 852 | 22.6% |
| 55 to 64 Years | 979 | 26.0% |
| 65 to 74 Years | 727 | 19.3% |
| 75 to 84 Years | 561 | 14.9% |
| 85 Years and Over | 123 | 3.3% |
| Total | 3,767 | 100.0% |
Housing Finances in Franklin Lakes borough
Median Income by Occupancy in Franklin Lakes borough
| Occupancy Type | # Households | Median Income |
| Owner-Occupied | 3,316 (88.0%) | $230,669 |
| Renter-Occupied | 451 (12.0%) | $125,563 |
| Average | 3,767 (100.0%) | $204,917 |
Occupancy by Householder Income Bracket in Franklin Lakes borough
| Income Bracket | Owner-occupied | Renter-occupied |
| Less than $5,000 | 91 (2.7%) | 5 (1.1%) |
| $5,000 to $9,999 | 17 (0.5%) | 8 (1.8%) |
| $10,000 to $14,999 | 0 (0.0%) | 9 (2.0%) |
| $15,000 to $19,999 | 0 (0.0%) | 6 (1.3%) |
| $20,000 to $24,999 | 10 (0.3%) | 0 (0.0%) |
| $25,000 to $34,999 | 115 (3.5%) | 16 (3.5%) |
| $35,000 to $49,999 | 205 (6.2%) | 33 (7.3%) |
| $50,000 to $74,999 | 173 (5.2%) | 83 (18.4%) |
| $75,000 to $99,999 | 121 (3.6%) | 20 (4.4%) |
| $100,000 to $149,999 | 412 (12.4%) | 89 (19.7%) |
| $150,000 or more | 2,172 (65.5%) | 182 (40.4%) |
| Total | 3,316 (100.0%) | 451 (100.0%) |
Monthly Housing Cost Tiers in Franklin Lakes borough
| Monthly Cost | Owner-occupied | Renter-occupied |
| Less than $300 | 14 (0.4%) | 21 (4.7%) |
| $300 to $499 | 17 (0.5%) | 15 (3.3%) |
| $500 to $799 | 11 (0.3%) | 0 (0.0%) |
| $800 to $999 | 22 (0.7%) | 0 (0.0%) |
| $1,000 to $1,499 | 413 (12.4%) | 9 (2.0%) |
| $1,500 to $1,999 | 244 (7.4%) | 0 (0.0%) |
| $2,000 to $2,499 | 275 (8.3%) | 21 (4.7%) |
| $2,500 to $2,999 | 358 (10.8%) | 110 (24.4%) |
| $3,000 or more | 1,962 (59.2%) | 192 (42.6%) |
| Total | 3,316 (100.0%) | 451 (100.0%) |
Physical Housing Characteristics in Franklin Lakes borough
Housing Structures in Franklin Lakes borough
| Structure Type | # Housing Units | % Housing Units |
| Single Unit, Detached | 3,400 | 90.3% |
| Single Unit, Attached | 69 | 1.8% |
| 2 Unit Apartments | 17 | 0.4% |
| 3 or 4 Unit Apartments | 51 | 1.3% |
| 5 to 9 Unit Apartments | 20 | 0.5% |
| 10 or more Apartments | 192 | 5.1% |
| Mobile Home / Other | 18 | 0.5% |
| Total | 3,767 | 100.0% |
Housing Structures by Occupancy in Franklin Lakes borough
| Structure Type | Owner-occupied | Renter-occupied |
| Single Unit, Detached | 3,211 (94.4%) | 189 (5.6%) |
| Single Unit, Attached | 61 (88.4%) | 8 (11.6%) |
| 2 Unit Apartments | 17 (100.0%) | 0 (0.0%) |
| 3 or 4 Unit Apartments | 9 (17.6%) | 42 (82.4%) |
| 5 to 9 Unit Apartments | 0 (0.0%) | 20 (100.0%) |
| 10 or more Apartments | 0 (0.0%) | 192 (100.0%) |
| Mobile Home / Other | 18 (100.0%) | 0 (0.0%) |
| Total | 3,316 (88.0%) | 451 (12.0%) |
Housing Structures by Number of Rooms in Franklin Lakes borough
| Number of Rooms | Owner-occupied | Renter-occupied |
| 1 Room | 0 (0.0%) | 0 (0.0%) |
| 2 or 3 Rooms | 0 (0.0%) | 99 (22.0%) |
| 4 or 5 Rooms | 281 (8.5%) | 157 (34.8%) |
| 6 or 7 Rooms | 608 (18.3%) | 116 (25.7%) |
| 8 or more Rooms | 2,427 (73.2%) | 79 (17.5%) |
| Total | 3,316 (100.0%) | 451 (100.0%) |
Housing Structure by Heating Type in Franklin Lakes borough
| Heating Type | Owner-occupied | Renter-occupied |
| Utility Gas | 2,977 (89.8%) | 315 (69.8%) |
| Bottled, Tank, or LP Gas | 8 (0.2%) | 0 (0.0%) |
| Electricity | 227 (6.9%) | 84 (18.6%) |
| Fuel Oil or Kerosene | 104 (3.1%) | 46 (10.2%) |
| Coal or Coke | 0 (0.0%) | 0 (0.0%) |
| All other Fuels | 0 (0.0%) | 0 (0.0%) |
| No Fuel Used | 0 (0.0%) | 6 (1.3%) |
| Total | 3,316 (100.0%) | 451 (100.0%) |
Household Vehicle Usage in Franklin Lakes borough
| Vehicles per Household | Owner-occupied | Renter-occupied |
| No Vehicle | 82 (2.5%) | 30 (6.7%) |
| 1 Vehicle | 600 (18.1%) | 131 (29.0%) |
| 2 Vehicles | 1,411 (42.5%) | 218 (48.3%) |
| 3 or more Vehicles | 1,223 (36.9%) | 72 (16.0%) |
| Total | 3,316 (100.0%) | 451 (100.0%) |
Real Estate & Mortgages in Franklin Lakes borough
Real Estate and Mortgage Overview in Franklin Lakes borough
| Characteristic | Without Mortgage | With Mortgage |
| Housing Units | 1,187 | 2,129 |
| Median Property Value | $1,025,600 | $1,202,600 |
| Median Household Income | $162,177 | $1,501 |
| Monthly Housing Costs | $1,501 | $1,792 |
| Real Estate Taxes | $10,001 | $0 |
Property Value by Mortgage Status in Franklin Lakes borough
| Property Value | Without Mortgage | With Mortgage |
| Less than $50,000 | 22 (1.8%) | 0 (0.0%) |
| $50,000 to $99,999 | 0 (0.0%) | 6 (0.3%) |
| $100,000 to $299,999 | 21 (1.8%) | 0 (0.0%) |
| $300,000 to $499,999 | 91 (7.7%) | 34 (1.6%) |
| $500,000 to $749,999 | 248 (20.9%) | 201 (9.4%) |
| $750,000 to $999,999 | 187 (15.8%) | 505 (23.7%) |
| $1,000,000 or more | 618 (52.1%) | 1,383 (65.0%) |
| Total | 1,187 (100.0%) | 2,129 (100.0%) |
Household Income by Mortgage Status in Franklin Lakes borough
| Household Income | Without Mortgage | With Mortgage |
| Less than $10,000 | 97 (8.2%) | 60 (2.8%) |
| $10,000 to $24,999 | 0 (0.0%) | 11 (0.5%) |
| $25,000 to $34,999 | 0 (0.0%) | 10 (0.5%) |
| $35,000 to $49,999 | 194 (16.3%) | 115 (5.4%) |
| $50,000 to $74,999 | 43 (3.6%) | 11 (0.5%) |
| $75,000 to $99,999 | 19 (1.6%) | 130 (6.1%) |
| $100,000 to $149,999 | 163 (13.7%) | 102 (4.8%) |
| $150,000 or more | 671 (56.5%) | 249 (11.7%) |
| Total | 1,187 (100.0%) | 2,129 (100.0%) |
Property Value to Household Income Ratio in Franklin Lakes borough
| Value-to-Income Ratio | Without Mortgage | With Mortgage |
| Less than 2.0x | 93 (7.8%) | 250,001 (11,742.7%) |
| 2.0x to 2.9x | 231 (19.5%) | 243 (11.4%) |
| 3.0x to 3.9x | 101 (8.5%) | 317 (14.9%) |
| 4.0x or more | 762 (64.2%) | 370 (17.4%) |
| Total | 1,187 (100.0%) | 2,129 (100.0%) |
Real Estate Taxes by Mortgage Status in Franklin Lakes borough
| Property Taxes | Without Mortgage | With Mortgage |
| Less than $800 | 0 (0.0%) | 11 (0.5%) |
| $800 to $1,499 | 0 (0.0%) | 0 (0.0%) |
| $800 to $1,499 | 1,164 (98.1%) | 0 (0.0%) |
| Total | 1,187 (100.0%) | 2,129 (100.0%) |
Health & Disability in Franklin Lakes borough
Health Insurance Coverage by Age in Franklin Lakes borough
| Age Bracket | With Coverage | Without Coverage |
| Under 6 Years | 392 (100.0%) | 0 (0.0%) |
| 6 to 18 Years | 2,574 (100.0%) | 0 (0.0%) |
| 19 to 25 Years | 612 (100.0%) | 0 (0.0%) |
| 26 to 34 Years | 537 (97.8%) | 12 (2.2%) |
| 35 to 44 Years | 1,009 (98.8%) | 12 (1.2%) |
| 45 to 54 Years | 1,632 (96.4%) | 61 (3.6%) |
| 55 to 64 Years | 1,777 (99.6%) | 7 (0.4%) |
| 65 to 74 Years | 1,254 (100.0%) | 0 (0.0%) |
| 75 Years and older | 1,128 (100.0%) | 0 (0.0%) |
| Total | 10,915 (99.2%) | 92 (0.8%) |
Health Insurance Coverage by Citizenship Status in Franklin Lakes borough
| Citizenship Status | With Coverage | Without Coverage |
| Native Born | 392 (100.0%) | 0 (0.0%) |
| Foreign Born, Citizen | 2,574 (100.0%) | 0 (0.0%) |
| Foreign Born, not a Citizen | 612 (100.0%) | 0 (0.0%) |
Health Insurance Coverage by Household Income in Franklin Lakes borough
| Household Income | With Coverage | Without Coverage |
| Under $25,000 | 251 (89.0%) | 31 (11.0%) |
| $25,000 to $49,999 | 620 (98.3%) | 11 (1.7%) |
| $50,000 to $74,999 | 614 (100.0%) | 0 (0.0%) |
| $75,000 to $99,999 | 392 (100.0%) | 0 (0.0%) |
| $100,000 and over | 9,033 (99.5%) | 50 (0.5%) |
Public vs Private Health Insurance Coverage by Age in Franklin Lakes borough
| Age Bracket | Public Insurance | Private Insurance |
| Under 6 | 14 (3.6%) | 378 (96.4%) |
| 6 to 18 Years | 101 (3.9%) | 2,513 (97.6%) |
| 19 to 25 Years | 86 (14.1%) | 550 (89.9%) |
| 25 to 34 Years | 98 (17.8%) | 482 (87.8%) |
| 35 to 44 Years | 15 (1.5%) | 1,000 (97.9%) |
| 45 to 54 Years | 15 (0.9%) | 1,632 (96.4%) |
| 55 to 64 Years | 89 (5.0%) | 1,706 (95.6%) |
| 65 to 74 Years | 1,171 (93.4%) | 798 (63.6%) |
| 75 Years and over | 1,128 (100.0%) | 681 (60.4%) |
| Total | 2,717 (24.7%) | 9,740 (88.5%) |
Disability Status by Sex by Age in Franklin Lakes borough
| Age Bracket | Male | Female |
| Under 5 Years | 0 (0.0%) | 0 (0.0%) |
| 5 to 17 Years | 49 (3.5%) | 16 (1.5%) |
| 18 to 34 Years | 94 (11.3%) | 0 (0.0%) |
| 35 to 64 Years | 21 (1.0%) | 118 (5.1%) |
| 65 to 74 Years | 39 (7.7%) | 192 (25.6%) |
| 75 Years and over | 106 (19.1%) | 181 (31.6%) |
Disability Class by Sex by Age in Franklin Lakes borough
Disability Class: Hearing Difficulty
| Age Bracket | Male | Female |
| Under 5 Years | 0 (0.0%) | 0 (0.0%) |
| 5 to 17 Years | 0 (0.0%) | 0 (0.0%) |
| 18 to 34 Years | 0 (0.0%) | 0 (0.0%) |
| 35 to 64 Years | 0 (0.0%) | 4 (0.2%) |
| 65 to 74 Years | 0 (0.0%) | 51 (6.8%) |
| 75 Years and over | 62 (11.2%) | 48 (8.4%) |
Disability Class: Vision Difficulty
| Age Bracket | Male | Female |
| Under 5 Years | 0 (0.0%) | 0 (0.0%) |
| 5 to 17 Years | 0 (0.0%) | 5 (0.5%) |
| 18 to 34 Years | 0 (0.0%) | 0 (0.0%) |
| 35 to 64 Years | 11 (0.5%) | 21 (0.9%) |
| 65 to 74 Years | 5 (1.0%) | 12 (1.6%) |
| 75 Years and over | 17 (3.1%) | 9 (1.6%) |
Disability Class: Cognitive Difficulty
| Age Bracket | Male | Female |
| 5 to 17 Years | 37 (2.6%) | 11 (1.1%) |
| 18 to 34 Years | 48 (5.8%) | 0 (0.0%) |
| 35 to 64 Years | 0 (0.0%) | 25 (1.1%) |
| 65 to 74 Years | 0 (0.0%) | 25 (3.3%) |
| 75 Years and over | 0 (0.0%) | 81 (14.2%) |
Disability Class: Ambulatory Difficulty
| Age Bracket | Male | Female |
| 5 to 17 Years | 0 (0.0%) | 0 (0.0%) |
| 18 to 34 Years | 21 (2.5%) | 0 (0.0%) |
| 35 to 64 Years | 10 (0.5%) | 52 (2.2%) |
| 65 to 74 Years | 34 (6.7%) | 154 (20.6%) |
| 75 Years and over | 50 (9.0%) | 118 (20.6%) |
Disability Class: Self-Care Difficulty
| Age Bracket | Male | Female |
| 5 to 17 Years | 43 (3.0%) | 0 (0.0%) |
| 18 to 34 Years | 45 (5.4%) | 0 (0.0%) |
| 35 to 64 Years | 0 (0.0%) | 16 (0.7%) |
| 65 to 74 Years | 17 (3.4%) | 109 (14.5%) |
| 75 Years and over | 6 (1.1%) | 85 (14.9%) |
Technology Access in Franklin Lakes borough
Computing Device Access in Franklin Lakes borough
| Device Type | # Households | % Households |
| Desktop or Laptop | 3,476 | 92.3% |
| Smartphone | 3,391 | 90.0% |
| Tablet | 2,927 | 77.7% |
| No Computing Device | 55 | 1.5% |
| Total | 3,767 | 100.0% |
Internet Access in Franklin Lakes borough
| Internet Type | # Households | % Households |
| Dial-Up Internet | 17 | 0.4% |
| Broadband Home | 3,365 | 89.3% |
| Cellular Data Only | 237 | 6.3% |
| Satellite Internet | 118 | 3.1% |
| No Internet | 138 | 3.7% |
| Total | 3,767 | 100.0% |
Franklin Lakes borough Summary
Franklin Lakes Borough is a small borough located in Bergen County, New Jersey. It is situated in the Ramapo Mountains and is part of the New York metropolitan area. The borough is bordered by Oakland, Wyckoff, and Mahwah. As of the 2010 United States Census, the borough had a total population of 10,590.
History
The area that is now Franklin Lakes was originally inhabited by the Lenni Lenape Native Americans. The first European settlers arrived in the area in the late 17th century. The area was part of the Franklin Township, which was established in 1772. In 1922, the area was incorporated as the Borough of Franklin Lakes.
Geography
Franklin Lakes is located at 40°59'N 74°14'W (40.983, -74.233). According to the United States Census Bureau, the borough has a total area of 8.3 square miles (21.5 km2), of which 8.2 square miles (21.3 km2) is land and 0.1 square miles (0.2 km2) (1.17%) is water.
The borough is located in the Ramapo Mountains and is part of the New York metropolitan area. It is bordered by Oakland, Wyckoff, and Mahwah.
Economy
Franklin Lakes is a primarily residential community, with a few small businesses. The borough is home to several corporate headquarters, including Becton Dickinson, Quest Diagnostics, and Valley National Bank.
Demographics
As of the 2010 United States Census, there were 10,590 people, 3,717 households, and 3,093 families residing in the borough. The population density was 1,288.3 per square mile (497.3/km2). There were 3,845 housing units at an average density of 467.7 per square mile (180.7/km2). The racial makeup of the borough was 87.2% White, 0.9% African American, 0.1% Native American, 9.3% Asian, 0.0% Pacific Islander, 1.2% from other races, and 1.3% from two or more races. Hispanic or Latino of any race were 5.2% of the population.
There were 3,717 households, out of which 39.2% had children under the age of 18 living with them, 74.2% were married couples living together, 5.7% had a female householder with no husband present, and 17.7% were non-families. 14.3% of all households were made up of individuals, and 6.7% had someone living alone who was 65 years of age or older. The average household size was 2.86 and the average family size was 3.19.
In the borough, the population was spread out, with 27.2% under the age of 18, 5.2% from 18 to 24, 22.2% from 25 to 44, 33.2% from 45 to 64, and 12.2% who were 65 years of age or older. The median age was 42.2 years. For every 100 females, there were 95.2 males. For every 100 females ages 18 and older there were 92.2 males.
The median income for a household in the borough was $133,917, and the median income for a family was $150,917. Males had a median income of $100,000 versus $60,000 for females. The per capita income for the borough was $63,917. About 1.2% of families and 1.7% of the population were below the poverty line, including 1.7% of those under age 18 and 0.0% of those age 65 or over.
Common Questions
What is the Total Population of Franklin Lakes borough?
Total Population of Franklin Lakes borough is 11,007.
What is the Total Male Population of Franklin Lakes borough?
Total Male Population of Franklin Lakes borough is 5,604.
What is the Total Female Population of Franklin Lakes borough?
Total Female Population of Franklin Lakes borough is 5,403.
What is the Ratio of Males per 100 Females in Franklin Lakes borough?
There are 103.72 Males per 100 Females in Franklin Lakes borough.
What is the Ratio of Females per 100 Males in Franklin Lakes borough?
There are 96.41 Females per 100 Males in Franklin Lakes borough.
What is the Median Population Age in Franklin Lakes borough?
Median Population Age in Franklin Lakes borough is 47.6 Years.
What is the Average Family Size in Franklin Lakes borough
Average Family Size in Franklin Lakes borough is 3.2 People.
What is the Average Household Size in Franklin Lakes borough
Average Household Size in Franklin Lakes borough is 2.9 People.
What is Per Capita Income in Franklin Lakes borough?
Per Capita income in Franklin Lakes borough is $102,827.
What is the Median Family Income in Franklin Lakes borough?
Median Family Income in Franklin Lakes borough is $232,224.
What is the Median Household income in Franklin Lakes borough?
Median Household Income in Franklin Lakes borough is $204,917.
What is Income or Wage Gap in Franklin Lakes borough?
Income or Wage Gap in Franklin Lakes borough is 58.0%.
Women in Franklin Lakes borough earn 42.0 cents for every dollar earned by a man.
What is Inequality or Gini Index in Franklin Lakes borough?
Inequality or Gini Index in Franklin Lakes borough is 0.50.
How Large is the Labor Force in Franklin Lakes borough?
There are 4,845 People in the Labor Forcein in Franklin Lakes borough.
What is the Percentage of People in the Labor Force in Franklin Lakes borough?
55.8% of People are in the Labor Force in Franklin Lakes borough.
What is the Unemployment Rate in Franklin Lakes borough?
Unemployment Rate in Franklin Lakes borough is 4.4%.