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Franklin Lakes, NJ Profile: Facts & Data

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Franklin Lakes, New Jersey - Basic Facts

The Borough of Franklin Lakes had a population of 11,348 as of July 1, 2025.

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.


Jump to... (On This Page!)
  1. Franklin Lakes 2025 Demographic Data
  2. Growth Rates for Franklin Lakes (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. New Jersey Research Tools (Easy Tools & Current Data)
  3. New Jersey Data Comparison Tool - 2025 Demographics
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Franklin Lakes, NJ Data & Demographics (As of July 1, 2025)

POPULATION

Total Population 11,348 (100%)
Population in Households 11,339 (99.9%)
Population in Families 10,516 (92.7%)
Population in Group Quarters1 9 ( 0.1%)
Population Density 1,205
Diversity Index2 46
 
 

INCOME

Median Household Income $213,976
Average Household Income $290,232
% of Income for Mortgage4 36%
Per Capita Income $98,931
Wealth Index5 311
Socioeconomic Status Index6 High (70.8)
 

HOUSING

Total HU (Housing Units) 4,219 (100%)
Owner Occupied HU 3,379 (80.1%)
Renter Occupied HU 489 (11.6%)
Vacant Housing Units 351 ( 8.3%)
Median Home Value $1,232,904
Average Home Value $1,305,644
Housing Affordability Index3 58
 

HOUSEHOLDS

Total Households 3,868
Average Household Size 2.93
Family Households 3,155
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2025 2025-2030
Population 0.46% 0.08%
Households 0.74% 0.32%
Families   0.32%
Median Household Income   1.54%
Per Capita Income   1.87%
Owner Occupied HU   0.46%

Franklin Lakes, NJ - Peer Comparisons by Rank and Percentile

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, 2025 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.

Variable Description Rank Percentile
Total Population # 127 82nd
Population Density # 469 33rd
Median Household Income # 36 95th
Housing Affordability Index # 141 20th
Per Capita Income # 36 95th
Diversity Index # 449 36th

Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.

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