Also See Franklin Lakes, NJ: ZIP Codes & Maps
The Borough of Franklin Lakes had a population of 11,357 as of July 1, 2023.
The primary coordinate point for Franklin Lakes is located at latitude 41.0168 and longitude -74.2057 in Bergen County. The formal boundaries for the Borough of Franklin Lakes encompass a land area of 9.38 sq. miles and a water area of 0.47 sq. miles. Bergen County is in the Eastern time zone (GMT -5).
The Borough of Franklin Lakes has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
|Total Population||11,357 (100%)|
|Population in Households||11,348 (99.9%)|
|Population in Families||10,619 (93.5%)|
|Population in Group Quarters1||9 ( 0.1%)|
|Median Household Income||$196,255|
|Average Household Income||$284,121|
|% of Income for Mortgage4||30%|
|Per Capita Income||$95,667|
|Socioeconomic Status Index6||High (72.5)|
|Total HU (Housing Units)||4,157 (100%)|
|Owner Occupied HU||3,433 (82.6%)|
|Renter Occupied HU||391 ( 9.4%)|
|Vacant Housing Units||333 ( 8.0%)|
|Median Home Value||$992,139|
|Average Home Value||$1,137,147|
|Housing Affordability Index3||79|
|Average Household Size||2.97|
|Average Family Size||3.00|
GROWTH RATE / YEAR
|Median Household Income||0.38%|
|Per Capita Income||1.98%|
|Owner Occupied HU||0.24%|
The table below compares Franklin Lakes to the other 700 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 129||82nd|
|Population Density||# 472||33rd|
|Median Household Income||# 36||95th|
|Housing Affordability Index||# 293||42nd|
|Per Capita Income||# 33||95th|
|Diversity Index||# 445||36th|
Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.