Franklin Lakes is a medium-sized borough located in the state of New Jersey. With a population of 11,251 people and two associated neighborhoods, Franklin Lakes is the 176th largest community in New Jersey. Franklin Lakes home prices are not only among the most expensive in New Jersey, but Franklin Lakes real estate also consistently ranks among the most expensive in America.Franklin Lakes is a decidedly white-collar borough, with fully 94.56% of the workforce employed in white-collar jobs, well above the national average. Overall, Franklin Lakes is a borough of managers, professionals, and sales and office workers. There are especially a lot of people living in Franklin Lakes who work in management occupations (23.52%), business and financial occupations (14.04%), and sales jobs (12.05%). Also of interest is that Franklin Lakes has more people living here who work in computers and math than 95% of the places in the US. Telecommuters are a relatively large percentage of the workforce: 32.27% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes. Because of many things, Franklin Lakes is a great place for families with children to consider. First of all, many other families with children live here, making Franklin Lakes a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The borough’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Franklin Lakes has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Franklin Lakes’s overall crime rate is lower than average for the country. In Franklin Lakes, however, the average commute to work is quite long. On average, people spend 34.73 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit. Despite being a small borough, Franklin Lakes has a lot of people using the train to get to and from work every day. Most of these people on the train are using it to get to good jobs in other cities.Do you like to read, write and learn? If you move to Franklin Lakes, you'll likely find that many of your neighbors like to as well. Franklin Lakes is one of the more educated communities in America, with a full 77.38% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%. The per capita income in Franklin Lakes in 2022 was $105,713, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $422,852 for a family of four. Franklin Lakes is a very ethnically-diverse borough. The people who call Franklin Lakes home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Franklin Lakes residents report their race to be White, followed by Asian. Important ancestries of people in Franklin Lakes include Italian, German, Irish, Polish, and Russian. Foreign born people are also an important part of Franklin Lakes's cultural character, accounting for 19.38% of the borough’s population. The most common language spoken in Franklin Lakes is English. Other important languages spoken here include Arabic and Korean.
