Last updated: 2024 BLS data · Page refreshed:
Franklin Lakes has a population of 11,084 with a median age of 46.3. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 11,084 |
| Median Age | 46.3 |
| White | 71.9% |
| Black or African American | 6.1% |
| Asian | 12.7% |
| Hispanic or Latino | 7.8% |
| Other / Two or More Races | 1.5% |
The median household income in Franklin Lakes is $235,795, which is 192.5% above the national median of $80,610. The per capita income is $105,713. The poverty rate is 3.4%.
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In Franklin Lakes, 97.7% of residents age 25+ have a high school diploma or higher, and 77.4% hold a bachelor's degree or higher (33.1% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 97.7% |
| Bachelor's Degree or Higher | 77.4% |
| Graduate or Professional Degree | 33.1% |
The median home value in Franklin Lakes is $1,264,000, above the national median of $303,400. The median monthly rent is $3,230. The homeownership rate is 88.9%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $1,264,000 |
| Median Monthly Rent | $3,230 |
| Homeownership Rate | 88.9% |
| Vacancy Rate | 2.0% |
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