Living in Franklin Lakes Borough School District, New Jersey

Overview

A total of 3,845 households are located in Franklin Lakes Borough School District area. Among them, 1,204 households have children under the age of 18. The average family size is 3.14 people. The total number of children in the region is 3,663 and 2,955 children are attending schools including pre-K, K-12 schools, and colleges/graduate schools.

2% (206) of residents are non-citizens and 27% (2,919) of residents speak a language other than English at home.

Social Characteristics of Franklin Lakes Borough School District, New Jersey
Household	3,845
Population	10,941
Household with Child (age 18 and under)	1,204 (31%)
Child Population (age 18 and under)	3,663
Total Students	2,955
Pre-Kindergarten	245
Kindergarten	128
Grade 1-8	1,255
Grade 9-12	740
College/Graduate School	587
Veterans	8,566
Non-citizen	206
Non-English Home Language	2,919
Internet Coverage	100%

Employment Statistics

8,880 residents are over the age of 16 and 5,455 people are in labor force. Among them, 5,455 people are in civilian labor force and 0 are in armed labor force. 5,173 people are employed and the unemployment rate is 5.20%.

The tables below show the employment-related statistics for Franklin Lakes Borough School District area.

	Headcounts / Time	Percent
Workers 16 years and over	4,991	-
Car, truck, or van (drove alone)	3,921	78.56%
Car, truck, or van (carpooled)	145	2.91%
Public transportation	412	8.25%
Walked	24	0.48%
Other method	53	1.06%
Worked from home	436	8.74%
Average Commute Time	34 minutes	-

	Headcounts	Percent
Workers 16 years and over	5,173	-
Management, business, science, and arts occupations	3,346	64.68%
Service	178	3.44%
Sales and office	1,255	24.26%
Natural resources, construction, and maintenance	311	6.01%
Production, transportation, and material moving	83	1.60%

	Headcounts	Percent
Workers 16 years and over	5,173	-
Agriculture, forestry, fishing and hunting, and mining	-	-
Construction	394	7.62%
Manufacturing	582	11.25%
Wholesale trade	220	4.25%
Retail trade	432	8.35%
Transportation and warehousing, and utilities	82	1.59%
Information	190	3.67%
Finance and insurance, and real estate and rental and leasing	777	15.02%
Professional, scientific, and management, and administrative and waste management services	924	17.86%
Educational services, and health care and social assistance	1,150	22.23%
Arts, entertainment, and recreation, and accommodation and food services	142	2.75%
Other services, except public administration	223	4.31%
Public administration	57	1.10%

	Headcounts	Percent
Workers 16 years and over	5,173	-
Private wage and salary workers	4,436	85.75%
Government workers	218	4.21%
Self-employed in own not incorporated business workers	519	10.03%
Unpaid family workers	-	-

Average Income and Health Insurance

The average household income is $250,679 for the 3,845 households in Franklin Lakes Borough School District area, New Jersey. The average income of a single worker is $77,382. 10,727 people have a health insurance and the health insurance coverage rate is 98.00%.

	Headcounts	Percent
Total Households	3,845	-
Less than $10,000	49	1.27%
$10,000 - $14,999	15	0.39%
$15,000 - $24,999	111	2.89%
$25,000 - $34,999	40	1.04%
$35,000 - $49,999	203	5.28%
$50,000 - $74,999	268	6.97%
$75,000 - $99,999	279	7.26%
$100,000 - $149,999	695	18.08%
$150,000 - $199,999	472	12.28%
More than $200,000	1,713	44.55%
Median Household Income	$172,766	-
Mean Household Income (Average)	$250,679	-

	Headcounts	Percent
Total Families	3,265	-
Less than $10,000	-	-
$10,000 - $14,999	5	0.15%
$15,000 - $24,999	63	1.93%
$25,000 - $34,999	16	0.49%
$35,000 - $49,999	102	3.12%
$50,000 - $74,999	226	6.92%
$75,000 - $99,999	192	5.88%
$100,000 - $149,999	567	17.37%
$150,000 - $199,999	433	13.26%
More than $200,000	1,661	50.87%

Median Family Income	$208,750	-
Mean Family Income (Average)	$278,263	-

Single Worker Median Earning	$77,382	-
Male Worker Median Earning	$141,806	-
Female Worker Median Earning	$141,806	-

	Headcounts	Percent
Total Households	10,946	-
With health insurance coverage	10,727	98.00%
Public coverage	2,577	23.54%
Private health insurance	9,754	89.11%
Without health insurance coverage	219	2.00%

Housing

There are 4,012 housing units in Franklin Lakes Borough School District area, New Jersey with 3,845 units (95.84%) occupied. 3,435 houses (89.34%) are occupied by owner and 410 houses (10.66%) are rented. The average housing value is $945,900 and the average rental cost is $2,642. 35 houses (0.87%) were newly built in 2014 or later and 376 houses (9.37%) were built in 1949 or earlier.

	Units	Percent
Total Housing Units	4,012	-
Occupied	3,845	95.84%
Owner Occupied	3,435	89.34%
Renter Occupied	410	10.66%

Unit Type
1 Unit detached	3,463	86.32%
1 Unit attached (e.g. row houses or townhouses)	90	2.24%
Multi-Units (e.g. Apartments)	459	11.44%
Mobile Homes	0	0.00%
Boat, RV, van, etc.	0	0.00%

	Units	Percent
Total Housing Units	4,012	-
Built 2014 or later	35	0.87%
Built 2010 - 2013	11	0.27%
Built 2000 - 2009	525	13.09%
Built 1990 - 1999	256	6.38%
Built 1980 - 1989	865	21.56%
Built 1970 - 1979	779	19.42%
Built 1960 - 1969	641	15.98%
Built 1950 - 1959	524	13.06%
Built 1949 or earlier	376	9.37%

	Units	Percent
Total Housing Units	4,012	-
1 room	-	-
2 rooms	16	0.40%
3 rooms	65	1.62%
4 rooms	162	4.04%
5 rooms	186	4.64%
6 rooms	440	10.97%
7 rooms	300	7.48%
8 rooms	660	16.45%
9 rooms or more	2,183	54.41%
Median Number of Rooms	9.0 rooms	-

	Units	Percent
Total Housing Units	4,012	-
no bedroom	-	-
1 bedroom	128	3.19%
2 bedrooms	264	6.58%
3 bedrooms	1,010	25.17%
4 bedrooms	1,383	34.47%
5 bedrooms or more	1,227	30.58%

	Units	Percent
Total Owner-occupied units	3,435	-
Less than $50,000	22	0.64%
$50,000 - $99,999	12	0.35%
$100,000 - $149,999	39	1.14%
$150,000 - $199,999	9	0.26%
$200,000 - $299,999	21	0.61%
$300,000 - $499,999	156	4.54%
$500,000 - $999,999	1,630	47.45%
$1,000,000 or more	1,546	45.01%
Median House Value	$945,900	-

	Units	Percent
Housing Units Paying Rent	400	-
Less than $500	9	2.25%
$500 - $999	30	7.50%
$1,000 - $1,499	-	-
$1,500 - $1,999	7	1.75%
$2,000 - $2,499	114	28.50%
$2,500 - $2,999	141	35.25%
$3,000 or more	99	24.75%
Median Rental Costs	$2,642	-

Demographic

A total of 10,946 people lives in Franklin Lakes Borough School District area, New Jersey with 5,489 male and 5,457 female. The males to female ratio is 50.15 to 49.85. The tables below describes the population by gender, age, and race.

	Headcounts	Percent
Total population	10,946	-
Male	5,489	50.15%
Female	5,457	49.85%

	Headcounts	Percent
Total Population	10,946	-
Under 5 years	325	2.97%
5 - 9 years	760	6.94%
10 - 14 years	849	7.76%
15 - 19 years	702	6.41%
20 - 24 years	529	4.83%
25 - 34 years	875	7.99%
35 - 44 years	1,011	9.24%
45 - 54 years	1,640	14.98%
55 - 59 years	1,018	9.30%
60 - 64 years	918	8.39%
65 - 74 years	1,275	11.65%
75 - 84 years	753	6.88%
85 years and older	291	2.66%
Median Age	48.3 years	-

	Headcounts	Percent
Total Population	10,946	-
One Race	10,809	98.75%
White	9,593	87.64%
Black or African American	290	2.65%
American Indian and Alaska Native	4	0.04%
Asian	675	6.17%
Hawaiian and Other Pacific Islander	45	0.41%
Other	202	1.85%

Two or more races	137	1.25%
White and Black or African American	18	0.16%
White and American Indian and Alaska Native	0	0.00%
White and Asian	81	0.74%
Black or African American and American Indian and Alaska Native	0	0.00%

Living in Franklin Lakes Borough School District Area

Overview

Employment Statistics

Average Income and Health Insurance

Housing

Demographic