Franklin Lakes borough is located in Bergen County New Jersey. Franklin Lakes borough has a 2024 population of 11,080. Franklin Lakes borough is currently growing at a rate of 0.54% annually and its population has increased by 0.26% since the most recent census, which recorded a population of 11,051 in 2020.
The average household income in Franklin Lakes borough is $297,367 with a poverty rate of 3.21%. The median age in Franklin Lakes borough is 47.6 years: 44.9 years for males, and 49.3 years for females.
According to the most recent ACS, the racial composition of Franklin Lakes borough was:
Race | Population | Percentage (of total) |
|---|---|---|
| White | 8,860 | 80.49% |
| Asian | 1,073 | 9.75% |
| Two or more races | 772 | 7.01% |
| Black or African American | 258 | 2.34% |
| Other race | 44 | 0.4% |
| Native American | 0 | 0% |
| Native Hawaiian or Pacific Islander | 0 | 0% |
White
Asian
Two or more races
Black or African American
Other race
Native American
Native Hawaiian or Pacific Islander
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 3,767 | 2.92 | 88 | 12 |
| Married | 3,051 | 3.24 | 92.9 | 7.1 |
| Non Family | 506 | 1.08 | 76.3 | 23.7 |
| Female | 202 | 2.79 | 47.5 | 52.5 |
| Male | 8 | 2.25 | 0 | 100 |
3.2
Average Family Size
2.92
Average Household Size
88.0%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Education Attained | Count | Percentage |
|---|---|---|
| 9th to 12th Grade | 38 | 0.51% |
| Associates Degree | 321 | 4.3% |
| Bachelors Degree | 3,102 | 41.54% |
| Graduate Degree | 2,674 | 35.81% |
| High School Graduate | 720 | 9.64% |
| Less Than 9th Grade | 38 | 0.51% |
| Some College | 575 | 7.7% |
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
Race | Total | High School | Bachelors |
|---|---|---|---|
| White | 5,941 | 5,878 | 4,652 |
| Asian | 793 | 793 | 632 |
| Hispanic | 535 | 535 | 326 |
| 2+ Races | 379 | 379 | 259 |
| Black | 184 | 171 | 162 |
| Other Race | 27 | 27 | 16 |
The highest rate of high school graduation is among asian people with a rate of 100%.
The highest rate of bachelors degrees is among black people with a rate of 88.04%.
All
Male
Female
Name | Average | Male | Female |
|---|---|---|---|
| Bachelors Degree | $109,167 | $155,000 | $47,446 |
| Graduate Degree | $140,625 | $224,286 | $88,798 |
| High School Graduate | $42,917 | $0 | $40,804 |
| Less Than 9th Grade | $54,276 | $0 | $0 |
| Overall | $111,321 | $153,239 | $61,056 |
| Some College | $82,870 | $110,985 | $45,000 |
$111,321
Average Earnings
$153,239
Average Male
$61,056
Average Female
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
78.9% of Franklin Lakes borough residents speak only English, while 21.1% speak other languages. The non-English language spoken by the largest group is Other Indo-European, which is spoken by 8.72% of the population.
rate
Name | Total | In Poverty | Poverty Rate |
|---|---|---|---|
| Asian | 1,073 | 181 | 16.87% |
| White | 8,602 | 119 | 1.38% |
| Other | 44 | 28 | 63.64% |
| Multiple | 772 | 24 | 3.11% |
| Hispanic | 984 | 24 | 2.44% |
| Black | 258 | 1 | 0.39% |
3.21%
Overall Poverty Rate
3%
Male Poverty Rate
3.42%
Female Poverty Rate
The race most likely to be in poverty in Franklin Lakes borough is Other, with 63.64% below the poverty level.
The race least likely to be in poverty in Franklin Lakes borough is Black, with 0.39% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 0%. Among those working part-time, it was 1.51%, and for those that did not work, the poverty rate was 7.65%.
rate
Rate | Poverty |
|---|---|
| High School | 16.67% |
| Less Than 9th Grade | 6.58% |
| Bachelors or Greater | 2.77% |
| Some College | 1.79% |
rate
Rate | Poverty |
|---|---|
| Male Employed | 0.39% |
| Male Unemployed | 0% |
| Female Employed | 0% |
| Female Unemployed | 0% |
Households
Families
MarriedFamilies
NonFamilies
Name | Median | Mean |
|---|---|---|
| Families | $232,224 | $328,622 |
| Households | $204,917 | $297,367 |
| Married Families | $240,486 | $-999,999,999 |
| Non Families | $71,618 | $90,886 |
mean
median
Married
Widowed
Divorced
Separated
NeverMarried
68.7%
Overall Marriage Rate
69.9%
Male Marriage Rate
67.5%
Female Marriage Rate
male
female
The age group where males are most likely to be married is 55-64, while the female age group most likely to be married is 35-44.
Married
Widowed
Divorced
Separated
NeverMarried
Second Gulf War
First Gulf War
Vietnam
Korea
World War II
346
Number of Veterans
296
Male Veterans
50
Female Veterans
War | Veterans |
|---|---|
| Vietnam | 109 |
| Second Gulf War | 58 |
| Korea | 30 |
| World War II | 25 |
| First Gulf War | 11 |
count
Age Group | Veterans |
|---|---|
| 75+ | 205 |
| 55 to 64 | 71 |
| 18 to 34 | 41 |
| 35 to 54 | 23 |
| 65 to 74 | 6 |
count
Name | Veterans | % of Total |
|---|---|---|
| White | 316 | 4.74% |
| Hispanic | 31 | 4.78% |
| 2+ Races | 19 | 3.54% |
| Other Race | 11 | 40.74% |
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
8.09%
Veteran Poverty Rate
20.52%
Veteran Disability Rate
LaborForceParticipation
55.8%
Labor Force Participation
53.4%
Employment Rate
4.4%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
Europe
Asia
Africa
Oceania
Latin America
North America
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Europe
Asia
Africa
Oceania
Latin America
North America
51.77%
Born in Franklin Lakes borough
82.27%
Native Born
17.73%
Foreign Born
4.04%
Non Citizen
13.68%
Naturalized
82.27% of Franklin Lakes borough residents were born in the United States, with 51.77% having been born in New Jersey. 4.04% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Asia.
Year | Population | Growth | Change |
|---|---|---|---|
| 2029 | 11,375 | 59 | 0.52% |
| 2028 | 11,316 | 59 | 0.52% |
| 2027 | 11,257 | 59 | 0.53% |
| 2026 | 11,198 | 59 | 0.53% |
| 2025 | 11,139 | 59 | 0.53% |
| 2024 | 11,080 | 59 | 0.54% |
| 2023 | 11,021 | 59 | 0.54% |
| 2022 | 10,962 | -30 | -0.27% |
| 2021 | 10,992 | -59 | -0.53% |
| 2020 | 11,051 | -73 | -0.66% |
| 2019 | 11,124 | 72 | 0.65% |
| 2018 | 11,052 | -10 | -0.09% |
| 2017 | 11,062 | 335 | 3.12% |
| 2016 | 10,727 | -24 | -0.22% |
| 2015 | 10,751 | -16 | -0.15% |
| 2014 | 10,767 | 33 | 0.31% |
| 2013 | 10,734 | 34 | 0.32% |
| 2012 | 10,700 | 25 | 0.23% |
| 2011 | 10,675 | 77 | 0.73% |
| 2010 | 10,598 | 0 | 0% |