Franklin Lakes is a somewhat small borough located in the state of New Jersey. With a population of 10,936 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.

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: 25.27% 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 very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Franklin Lakes really has some of the features that families look for when choosing a good community to raise children. Is Franklin Lakes perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.

One downside of living in Franklin Lakes, however, is that residents on average have to contend with a long commute, spending on average 33.73 minutes every day commuting to work. However, local public transit is widely used. For those who would prefer to avoid driving entirely and leave their car at home, it may be an option to use the transit instead.

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.

If knowledge is power, Franklin Lakes is a pretty powerful place. 77.34% of the adults in Franklin Lakes have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.

The per capita income in Franklin Lakes in 2022 was $102,827, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $411,308 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, Irish, Polish, German, and Russian.

In addition, Franklin Lakes has a lot of people living here who were born outside of the US (17.73%).

The most common language spoken in Franklin Lakes is English. Other important languages spoken here include Spanish and Arabic.