Franklin Lakes is a somewhat small borough located in the state of New Jersey. With a population of 10,852 people and two constituent neighborhoods, Franklin Lakes is the 196th 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 93.10% of the workforce employed in white-collar jobs, well above the national average. Overall, Franklin Lakes is a borough of managers, sales and office workers, and professionals. There are especially a lot of people living in Franklin Lakes who work in management occupations (26.30%), sales jobs (15.38%), and healthcare (12.22%).
Telecommuters are a relatively large percentage of the workforce: 8.36% 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.
In Franklin Lakes, however, the average commute to work is quite long. On average, people spend 31.17 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.
In Franklin Lakes, a lot of people use the bus to get to work every day though Franklin Lakes is a relatively small borough. Those that ride the bus are primarily traveling out of town 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 66.30% 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 2010 was $79,772, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $319,088 for a family of four.
Franklin Lakes is a somewhat 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 Irish, German, Polish, and English.
In addition, Franklin Lakes has a lot of people living here who were born outside of the US (17.47%).
The most common language spoken in Franklin Lakes is English. Other important languages spoken here include Spanish and Arabic.