Franklin Lakes, NJ demographics:
population, income, and more

Total population
11,035
0.7% year-over-year change
Median household income
$236,023/yr
2.1% year-over-year change
Housing units
3,859
0.0% year-over-year change

Franklin Lakes population

How many people live in Franklin Lakes

Franklin Lakes is home to 11,035 residents, according to the most recent Census data. Gender-wise, 52.1% of Franklin Lakes locals are male, and 47.9% are female.

Total population
11,035
0.7% year-over-year change
Gender ratio
Male
52.1%
5,747
Female
47.9%
5,288
Value Percent YoY change
Male 5,747 52.1% 0.9%
Female 5,288 47.9% 0.5%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Franklin Lakes is 46, with the population distributed as follows: about 18.6% are children under 15, then 12.8% are in the 15 to 24 age group. Adults between 25 and 44 make up 16.8% of the population, while another 30.3% fall into the 45 to 64 bracket. Finally, around 21.5% are 65 or older.

Median age
46.3
Age breakdown
Under 15
18.6%
15 to 24
12.8%
25 to 44
16.8%
45 to 64
30.3%
Over 65
21.5%
Value Percent YoY change
Under 15 2,055 18.6% -2.1%
15 to 24 1,418 12.8% 3.5%
25 to 44 1,849 16.8% 9.7%
45 to 64 3,339 30.3% -2.6%
Over 65 2,374 21.5% 0.0%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Franklin Lakes, 79.4% of the population are US-born citizens, while 17.1% have gained naturalized citizenship. At the same time, 3.4% of residents are non-citizens. As for race, 71.8% of locals are Caucasian, 6% are African American and 12.7% have Asian roots. There’s also a share of 9% that includes residents with two or more races.

Citizenship
U.S.-born citizens
79.4%
Non-U.S.-born citizens
17.1%
Non-citizens
3.4%
Value Percent YoY change
U.S.-born citizens 8,765 79.4% -1.2%
Non-U.S.-born citizens 1,891 17.1% 10.1%
Non-citizens 379 3.4% 3.5%
Racial breakdown
White
71.8%
Black or African American
6%
American Indian and Alaska Native
0%
Asian
12.7%
Native Hawaiian and other Pacific Islander
0%
Two or more races
9%
Other
0.5%
Value Percent
White 7,918 71.8%
Black or African American 668 6%
Asian 1,400 12.7%
Two or more races 990 9%
Other 59 0.5%

Households in Franklin Lakes

A peek inside Franklin Lakes households

Franklin Lakes has 3,783 households, with an average of 3 members in each. Of these, 85.9% are families, while the remaining 14.1% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
3,783
0.8% year-over-year change
Average people per household
3
Non-family households
533
Family households
3,249
Value Percent YoY change
Non-family households 533 14.1% 4.5%
Family households 3,249 85.9% 0.2%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Franklin Lakes

The housing landscape of Franklin Lakes

Franklin Lakes's housing consists of 3,859 units, with 87.8% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 3.9% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 0.4% of the housing landscape.

Housing units
3,859
0.0% year-over-year change
Housing types
Value Percent
1 unit, detached 3,389 87.8%
1 unit, attached 152 3.9%
3 or 4 units 34 0.9%
5 to 9 units 26 0.7%
10 to 19 units 16 0.4%
20 to 49 units 72 1.9%
50 or more units 154 4%
Mobile home 16 0.4%
Homes built since 2020
133
37.1% year-over-year change

The age of buildings in Franklin Lakes

In Franklin Lakes, the median construction year is 1983. About 2.1% of homes were built before the 1940s, with another 1.7% going up by 1949. Most development happened in the second half of the 20th century. Then, 14.7% of homes were added from 2000 to 2009, 9% between 2010 and 2019, and 3.4% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 81 2.1% -29.6%
Built between 1940 and 1949 64 1.7% 23.1%
Built between 1950 and 1959 311 8.1% -4.6%
Built between 1960 and 1969 713 18.5% 6.9%
Built between 1970 and 1979 590 15.3% -14.2%
Built between 1980 and 1989 669 17.3% -5.9%
Built between 1990 and 1999 381 9.9% 6.7%
Built between 2000 and 2009 569 14.7% 1.2%
Built between 2010 and 2019 348 9% 23.0%
Built in 2020 or later 133 3.4% 37.1%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Franklin Lakes occupancy rates

Out of the 3,783 occupied housing units in Franklin Lakes, 88.8% are owner-occupied, while 11.2% are lived in by tenants. Meanwhile, 2% of all homes on the local market sit vacant.

Occupied housing units
3,783
0.8% year-over-year change
Occupancy breakdown
Renter occupied
422
Owner occupied
3,360
Value Percent YoY
change
Renter occupied 422 11.2% -4.5%
Owner occupied 3,360 88.8% 1.5%
Unoccupied housing units
2.0%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Franklin Lakes housing costs

Housing costs in Franklin Lakes come to a median of $3,940 per month, while tenants specifically pay a median gross rent of $3,223.

Median housing costs per month
$3,940/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Franklin Lakes
$3,223/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Franklin Lakes

Franklin Lakes education at a glance

About 14.7% of the population in Franklin Lakes went to high school, while 7.6% pursued college studies. Another 3.9% earned an associate degree and 42.6% hold a bachelor’s. Meanwhile, 30.5% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 62 0.8% 24.0%
High school diploma 1,209 14.7% 17.7%
College diploma 622 7.6% -3.3%
Associate degree 323 3.9% -13.9%
Bachelor's degree 3,511 42.6% 4.3%
Graduate degree 2,510 30.5% -7.5%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Franklin Lakes

How much people earn in Franklin Lakes

The average annual household income in Franklin Lakes was $304,378 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -4.4% change from the previous year. At the same time, the median income stood at $236,023, reflecting a +2.1% shift over the same period.

Average household income in Franklin Lakes
$304,378/year
-4.4% year-over-year change
Median household income in Franklin Lakes
$236,023/year
2.1% year-over-year change

Franklin Lakes income by age

In Franklin Lakes, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $250,001. Those with someone between 45 and 64 in charge, often well established professionally, earn $250,001 overall. Overall, 96.5% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $250,001 0.0%
45 - 64 $250,001 0.0%
Over 65 $137,717 4.5%
Above poverty level
10,534
Below poverty level
382
Value Percent YoY
change
Above poverty level 10,534 96.5% 0.2%
Below poverty level 382 3.5% 8.5%

Average renter income in Franklin Lakes

To get a better sense of what renters earn on average in Franklin Lakes, their median household income was $125,563 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 30.8%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$125,563
Rent-to-income ratio
30.8%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Franklin Lakes

Workforce and job types in Franklin Lakes

94.6% of the working population are employed in professional or administrative positions, while 5.4% are in hands-on or service-based jobs. Also, 19.7% run their own businesses, 64.4% are employed by private companies, and 10.2% work in the public sector.

Workforce demographics

White collar
4,784
Blue collar
274
Value Percent YoY change
White collar 4,784 94.6% 2.2%
Blue collar 274 5.4% 40.5%
Employer type
Self employees
19.7%
Private companies
64.4%
Governmental workers
10.2%
Not for profit companies
5.7%
Value Percent YoY change
Self employees 998 19.7% -4.3%
Private companies 3,257 64.4% 3.4%
Governmental workers 516 10.2% 28.0%
Not for profit companies 286 5.7% 1.4%

Transportation in Franklin Lakes

How people get around in Franklin Lakes

Commuting methods vary: 90.7% of residents travel by personal vehicle and 1.8% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 2,786 90.7% -2.8%
Taxicab 22 0.7% 37.5%
Bus or trolleybus 84 2.7% 12.0%
Railroad 123 4% -20.6%
Walk 56 1.8% 0.0%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Franklin Lakes by zipcode?

Zipcode Population Number of households Median income Average income
07417 11,112 3,809 $236,023 $307,689

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FAQs about Franklin Lakes demographics 

What is the total population of Franklin Lakes?

Franklin Lakes has a total population of 11,035 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +0.7% compared to a year ago.

What is the gender ratio in Franklin Lakes?

The gender ratio in Franklin Lakes is as follows:
  • 52.1% males (5,747 residents)
  • 47.9% females (5,288 residents)

What is the median age in Franklin Lakes?

The median age in Franklin Lakes is 46.3.

What is the age distribution of the population in Franklin Lakes?

The age distribution in Franklin Lakes is as follows:
  • Under 15: 18.6% (2,055 residents)
  • Ages 15-24: 12.8% (1,418 residents)
  • Ages 25-44: 16.8% (1,849 residents)
  • Ages 45-64: 30.3% (3,339 residents)
  • Over 65: 21.5% (2,374 residents)

What is the racial and ethnic makeup of Franklin Lakes?

The racial and ethnic makeup of Franklin Lakes is as follows:
  • White: 71.8% (7,918 residents)
  • Black or African American: 6% (668 residents)
  • American Indian and Alaska Native: 0% ( residents)
  • Asian: 12.7% (1,400 residents)
  • Native Hawaiian and Other Pacific Islander: 0% ( residents)
  • Two or More Races: 9% (990 residents)
  • Other: 0.5% (59 residents)

What percentage of the population in Franklin Lakes are U.S.-born citizens?

U.S.-born citizens represent 79.4% of the population in Franklin Lakes.

How many housing units are there in Franklin Lakes?

There are 3,859 housing units in Franklin Lakes, reflecting a 0.0% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Franklin Lakes and what is the average household size?

Franklin Lakes has a total of 3,783 households, with an average of 3 people in each.

What is the median household income in Franklin Lakes?

Franklin Lakes has a median household income of $236,023, representing a +2.1% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Franklin Lakes?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 94.6% (4,784 residents)
  • Blue-collar workers: 5.4% (274 residents)

Places of employment:
  • Self-employed: 19.7% (998 residents)
  • Private companies: 64.4% (3,257 residents)
  • Governmental workers: 10.2% (516 residents)
  • Not-for-profit companies: 5.7% (286 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025