Franklin Lakes

Population: 11,011
Median household income: $230,987
Median home value: $1,217,500

Located in Bergen County, New Jersey, Franklin Lakes is a community with a population of 11,011. The median household income of $230,987 is above the Bergen County median ($123,715).

From 2019 to 2023, Franklin Lakes's population held roughly steady from 10,946 to 11,011, while its median home value rose 28.7% from $945,900 to $1,217,500.

Households average 2.92 people. The median gross rent is $3,334.

Demographics

ACS 2019–2023

Population: 11,011
Median age: 46.9 yrs
Median household income: $230,987
Median home value: $1,217,500
Median gross rent: $3,334
Housing units: 3,879
Homeownership rate: 88.3%
Bachelor's degree or higher: 78.9%
Unemployment rate: 2.3%

Trends

ACS 5-year · 2019–2023

Population

10,94611,011

Median household income

$172,766$230,987

Median home value

$945,900$1,217,500

Median gross rent

$2,642$3,334

Year	Population	Median household income	Median home value	Median gross rent
2019	10,946	$172,766	$945,900	$2,642
2020	11,044	$178,794	$1,009,800	$2,730
2021	11,034	$188,272	$1,016,000	$2,866
2022	11,007	$204,917	$1,135,700	$3,053
2023	11,011	$230,987	$1,217,500	$3,334

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 52.6%

5 to 1722.9%

18 to 246.2%

25 to 346.1%

35 to 449.3%

45 to 5415.5%

55 to 6415.8%

65 to 7411.5%

75 and over10.2%

	Count	Share
Under 5	285	2.6%
5 to 17	2,517	22.9%
18 to 24	687	6.2%
25 to 34	669	6.1%
35 to 44	1,020	9.3%
45 to 54	1,711	15.5%
55 to 64	1,741	15.8%
65 to 74	1,261	11.5%
75 and over	1,120	10.2%

Race & ethnicity

	Count	Share
White (non-Hispanic)	8,170	74.2%
Black or African American	563	5.1%
American Indian & Alaska Native	0	0.0%
Asian	1,291	11.7%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	40	0.4%
Two or more races	145	1.3%
Hispanic or Latino (any race)	802	7.3%

Educational attainment (age 25+)

No high school diploma1.6%

High school graduate9.3%

Some college or associate's10.3%

Bachelor's degree42.7%

Graduate or professional degree36.2%

	Count	Share
No high school diploma	117	1.6%
High school graduate	698	9.3%
Some college or associate's	774	10.3%
Bachelor's degree	3,212	42.7%
Graduate or professional degree	2,721	36.2%

Commute to work

Mean travel time to work: 37 min

Drove alone55.8%

Carpooled4.7%

Public transit6.3%

Walked1.2%

Bicycle0.0%

Worked from home29.2%

Other means2.8%

How workers get to work

	Count	Share
Drove alone	2,651	55.8%
Carpooled	224	4.7%
Public transit	301	6.3%
Walked	56	1.2%
Bicycle	0	0.0%
Worked from home	1,386	29.2%
Other means	132	2.8%

Travel time

	Count	Share
Under 15 min	605	18.0%
15 to 29 min	828	24.6%
30 to 44 min	758	22.5%
45 to 59 min	410	12.2%
60+ min	763	22.7%

Households

Average household size: 2.92
Poverty rate: 3.2% (352 of 11,011)

	Count	Share
Family households	3,259	86.4%
Nonfamily households	512	13.6%

Housing

Median year structure built: 1981

Occupancy

	Count	Share
Occupied	3,771	97.2%
Vacant	108	2.8%

Tenure (of occupied units)

	Count	Share
Owner-occupied	3,328	88.3%
Renter-occupied	443	11.7%

1-unit, detached89.1%

1-unit, attached3.0%

2 to 4 units1.6%

5 to 19 units0.6%

20 or more units5.2%

Mobile home & other0.5%

Units in structure

	Count	Share
1-unit, detached	3,458	89.1%
1-unit, attached	116	3.0%
2 to 4 units	61	1.6%
5 to 19 units	24	0.6%
20 or more units	202	5.2%
Mobile home & other	18	0.5%

Geography

Place GEOID: 3424990
Type (LSAD): 21
Land area: 9.41 sq mi
Water area: 0.47 sq mi
Center point: 41.0075, -74.2057