The median household income in Franklin Lakes, NJ in 2022 was $197,359, which was 51.2% greater than the median annual income of $96,346 across the entire state of New Jersey. Compared to the median income of $132,373 in 2000 this represents an increase of 32.9%. The per capita income in 2022 was $99,289, which means an increase of 39.8% compared to 2000 when it was $59,763.
Whole page based on the data from 2000 / 2022 when the population of Franklin Lakes, New Jersey was 10,422 / 11,004
Income statistics for all residents
Median household income in Franklin Lakes, NJ in 2022:
Franklin Lakes:
$197,360
State:
$96,346
Change in median household income between 2000 and 2022:
Franklin Lakes, New Jersey:
+49.1%
New Jersey:
+74.7%
Number of households with income < $10k:
Franklin Lakes:
3.7% (141)
New Jersey:
4.4% (155,271)
Number of households with income $10k - 20k:
Franklin Lakes:
0.4% (15)
New Jersey:
5.4% (189,888)
Number of households with income $20k - 30k:
Franklin Lakes:
0.5% (18)
New Jersey:
5.2% (183,402)
Number of households with income $30k - 40k:
Franklin Lakes:
4.7% (176)
State:
5.9% (206,969)
Number of households with income $40k - 50k:
Franklin Lakes:
5.8% (220)
State:
5.2% (184,153)
Number of households with income $50k - 60k:
Franklin Lakes:
2.1% (78)
New Jersey:
5.6% (197,270)
Number of households with income $60k - 75k:
Franklin Lakes:
5.1% (193)
New Jersey:
8.1% (284,245)
Number of households with income $75k - 100k:
Franklin Lakes:
3.8% (142)
State:
11.6% (408,272)
Number of households with income $100k - 125k:
Franklin Lakes:
8.0% (301)
State:
10.1% (354,738)
Number of households with income $125k - 150k:
Franklin Lakes:
5.2% (195)
State:
8.0% (281,341)
Number of households with income $150k - 200k:
Franklin Lakes:
10.8% (410)
State:
11.5% (404,977)
Number of households with income > $200k:
Franklin Lakes:
50.0% (1,890)
State:
18.9% (666,452)
Aggregate household income in Franklin Lakes in 2022: $1,081,603,506
Median family income in Franklin Lakes in 2022:
Franklin Lakes:
$224,124
State:
$117,988
Number of families with income < $10k:
Franklin Lakes:
3.0% (96)
New Jersey:
2.2% (53,316)
Number of families with income $10k - 20k:
Franklin Lakes:
0.4% (12)
State:
3.2% (74,986)
Number of families with income $20k - 30k:
Franklin Lakes:
0.3% (11)
State:
3.5% (82,889)
Number of families with income $30k - 40k:
Franklin Lakes:
0.9% (29)
State:
4.6% (109,787)
Number of families with income $40k - 50k:
Franklin Lakes:
5.5% (178)
New Jersey:
4.5% (107,202)
Number of families with income $50k - 60k:
Franklin Lakes:
1.5% (47)
State:
4.8% (114,765)
Number of families with income $60k - 75k:
Franklin Lakes:
6.2% (199)
New Jersey:
7.5% (179,372)
Number of families with income $75k - 100k:
Franklin Lakes:
2.9% (94)
State:
11.5% (274,497)
Number of families with income $100k - 125k:
Franklin Lakes:
8.0% (258)
New Jersey:
10.9% (260,033)
Number of families with income $125k - 150k:
Franklin Lakes:
4.6% (148)
State:
9.0% (214,872)
Number of families with income $150k - 200k:
Franklin Lakes:
8.9% (286)
State:
13.8% (328,605)
Number of families with income > $200k:
Franklin Lakes:
57.9% (1,869)
New Jersey:
24.3% (578,135)
Median non-family income in Franklin Lakes in 2022:
Franklin Lakes:
$66,668
New Jersey:
$54,589
Change in median non-family income between 2000 and 2022:
Franklin Lakes, New Jersey:
+63.6%
State:
+74.4%
Median per capita income in Franklin Lakes in 2022:
Franklin Lakes:
$99,289
State:
$51,272
Change in median per capita income between 2000 and 2022:
Franklin Lakes, New Jersey:
+66.1%
State:
+89.9%
Income statistics for White residents
Median household income in Franklin Lakes, NJ in 2022:
Franklin Lakes:
$228,614
New Jersey:
$105,428
Change in median household income between 2000 and 2022:
Franklin Lakes, New Jersey:
+70.2%
New Jersey:
+78.2%
Number of households with income < $10k:
Franklin Lakes:
1.1% (30)
State:
3.5% (73,676)
Number of households with income $10k - 20k:
Franklin Lakes:
0.5% (14)
State:
4.3% (90,086)
Number of households with income $20k - 30k:
Franklin Lakes:
0.6% (16)
State:
4.7% (99,511)
Number of households with income $30k - 40k:
Franklin Lakes:
0.7% (19)
State:
5.2% (109,051)
Number of households with income $40k - 50k:
Franklin Lakes:
7.3% (197)
New Jersey:
4.9% (101,931)
Number of households with income $50k - 60k:
Franklin Lakes:
2.3% (62)
State:
5.4% (112,379)
Number of households with income $60k - 75k:
Franklin Lakes:
4.6% (125)
State:
7.7% (162,379)
Number of households with income $75k - 100k:
Franklin Lakes:
3.9% (104)
State:
11.6% (242,478)
Number of households with income $100k - 125k:
Franklin Lakes:
6.1% (163)
State:
10.4% (218,622)
Number of households with income $125k - 150k:
Franklin Lakes:
4.9% (131)
State:
8.5% (177,925)
Number of households with income $150k - 200k:
Franklin Lakes:
13.3% (359)
New Jersey:
12.5% (262,429)
Number of households with income > $200k:
Franklin Lakes:
54.7% (1,474)
State:
21.3% (446,393)
Aggregate household income in Franklin Lakes in 2022: $859,273,703
Median family income in Franklin Lakes in 2022:
Franklin Lakes:
$248,560
State:
$133,117
Number of families with income $10k - 20k:
Franklin Lakes:
0.4% (9)
New Jersey:
1.9% (26,388)
Number of families with income $20k - 30k:
Franklin Lakes:
0.4% (10)
State:
2.4% (33,161)
Number of families with income $30k - 40k:
Franklin Lakes:
0.3% (8)
State:
3.2% (43,969)
Number of families with income $40k - 50k:
Franklin Lakes:
7.2% (169)
New Jersey:
3.5% (48,685)
Number of families with income $50k - 60k:
Franklin Lakes:
1.6% (38)
State:
4.1% (57,095)
Number of families with income $60k - 75k:
Franklin Lakes:
5.1% (121)
State:
6.7% (92,267)
Number of families with income $75k - 100k:
Franklin Lakes:
2.6% (61)
State:
11.5% (158,630)
Number of families with income $100k - 125k:
Franklin Lakes:
5.4% (127)
State:
11.5% (158,059)
Number of families with income $125k - 150k:
Franklin Lakes:
4.8% (113)
New Jersey:
9.8% (134,575)
Number of families with income $150k - 200k:
Franklin Lakes:
10.2% (240)
State:
15.5% (212,728)
Number of families with income > $200k:
Franklin Lakes:
62.0% (1,460)
New Jersey:
28.3% (389,541)
Median non-family income in Franklin Lakes in 2022:
Franklin Lakes:
$85,721
State:
$58,680
Change in median non-family income between 2000 and 2022:
Franklin Lakes, New Jersey:
+110.4%
State:
+81.6%
Median per capita income in Franklin Lakes in 2022:
Franklin Lakes:
$109,949
State:
$61,044
Change in median per capita income between 2000 and 2022:
Franklin Lakes, New Jersey:
+81.4%
New Jersey:
+101.8%
Income statistics for Black or African American residents
Median household income in Franklin Lakes, NJ in 2022:
Franklin Lakes:
$125,535
State:
$65,850
Change in median household income between 2000 and 2022:: -37.2%
Franklin Lakes, New Jersey:
-37.2%
State:
+71.0%
Number of households with income < $10k:
Franklin Lakes:
0.0% (0)
New Jersey:
8.9% (38,971)
Number of households with income $10k - 20k:
Franklin Lakes:
0.0% (0)
State:
8.7% (38,456)
Number of households with income $20k - 30k:
Franklin Lakes:
0.0% (0)
State:
7.3% (32,276)
Number of households with income $30k - 40k:
Franklin Lakes:
0.0% (0)
New Jersey:
7.7% (33,867)
Number of households with income $40k - 50k:
Franklin Lakes:
0.0% (0)
New Jersey:
7.5% (32,945)
Number of households with income $50k - 60k:
Franklin Lakes:
0.0% (0)
State:
6.6% (29,115)
Number of households with income $60k - 75k:
Franklin Lakes:
0.0% (0)
State:
8.9% (39,013)
Number of households with income $75k - 100k:
Franklin Lakes:
6.8% (9)
State:
11.8% (51,915)
Number of households with income $100k - 125k:
Franklin Lakes:
55.6% (74)
State:
9.1% (40,243)
Number of households with income $125k - 150k:
Franklin Lakes:
18.0% (24)
State:
6.3% (27,533)
Number of households with income $150k - 200k:
Franklin Lakes:
19.5% (26)
New Jersey:
8.3% (36,645)
Number of households with income > $200k:
Franklin Lakes:
0.0% (0)
New Jersey:
8.9% (38,974)
Aggregate household income in Franklin Lakes in 2022: $17,663,654
Median family income in Franklin Lakes in 2022:
Franklin Lakes:
$125,859
State:
$81,896
Number of families with income $75k - 100k:
Franklin Lakes:
10.2% (11)
New Jersey:
12.0% (31,349)
Number of families with income $100k - 125k:
Franklin Lakes:
69.4% (78)
New Jersey:
10.8% (28,173)
Number of families with income $150k - 200k:
Franklin Lakes:
20.4% (23)
State:
11.1% (29,034)
Median per capita income in Franklin Lakes in 2022:
Franklin Lakes:
$127,772
New Jersey:
$35,632
Change in median per capita income between 2000 and 2022:
Franklin Lakes, New Jersey:
+17.6%
State:
+104.7%
Income statistics for Asian residents
Median household income in Franklin Lakes, NJ in 2022:
Franklin Lakes:
$120,674
State:
$144,878
Change in median household income between 2000 and 2022:
Franklin Lakes, New Jersey:
+12.8%
New Jersey:
+100.6%
Number of households with income < $10k:
Franklin Lakes:
34.1% (146)
State:
3.8% (12,441)
Number of households with income $10k - 20k:
Franklin Lakes:
0.0% (0)
State:
3.1% (9,957)
Number of households with income $20k - 30k:
Franklin Lakes:
0.0% (0)
New Jersey:
3.1% (10,104)
Number of households with income $30k - 40k:
Franklin Lakes:
5.4% (23)
New Jersey:
3.6% (11,819)
Number of households with income $40k - 50k:
Franklin Lakes:
1.4% (6)
State:
2.6% (8,334)
Number of households with income $50k - 60k:
Franklin Lakes:
0.0% (0)
New Jersey:
3.6% (11,799)
Number of households with income $60k - 75k:
Franklin Lakes:
9.8% (42)
State:
5.4% (17,671)
Number of households with income $75k - 100k:
Franklin Lakes:
3.5% (15)
State:
9.0% (29,301)
Number of households with income $100k - 125k:
Franklin Lakes:
4.2% (18)
New Jersey:
9.6% (31,368)
Number of households with income $125k - 150k:
Franklin Lakes:
4.0% (17)
New Jersey:
8.1% (26,318)
Number of households with income $150k - 200k:
Franklin Lakes:
5.1% (22)
State:
14.3% (46,703)
Number of households with income > $200k:
Franklin Lakes:
32.5% (139)
State:
33.8% (110,048)
Aggregate household income in Franklin Lakes in 2022: $75,960,192
Median family income in Franklin Lakes in 2022:
Franklin Lakes:
$127,747
State:
$162,032
Number of families with income < $10k:
Franklin Lakes:
32.9% (134)
New Jersey:
1.9% (4,949)
Number of families with income $30k - 40k:
Franklin Lakes:
4.6% (19)
State:
2.9% (7,299)
Number of families with income $40k - 50k:
Franklin Lakes:
1.5% (6)
New Jersey:
2.1% (5,357)
Number of families with income $60k - 75k:
Franklin Lakes:
10.0% (41)
State:
4.9% (12,419)
Number of families with income $75k - 100k:
Franklin Lakes:
3.4% (14)
State:
7.9% (20,102)
Number of families with income $100k - 125k:
Franklin Lakes:
4.5% (18)
State:
9.2% (23,481)
Number of families with income $125k - 150k:
Franklin Lakes:
4.1% (17)
State:
8.7% (22,147)
Number of families with income $150k - 200k:
Franklin Lakes:
5.6% (23)
State:
16.0% (40,707)
Number of families with income > $200k:
Franklin Lakes:
33.4% (136)
State:
38.9% (99,016)
Median per capita income in Franklin Lakes in 2022:
Franklin Lakes:
$72,033
New Jersey:
$62,411
Change in median per capita income between 2000 and 2022:
Franklin Lakes, New Jersey:
+72.7%
State:
+126.3%
Income statistics for Hispanic or Latino residents
Number of households with income < $10k:
Franklin Lakes:
0.0% (0)
State:
4.6% (29,004)
Number of households with income $10k - 20k:
Franklin Lakes:
0.0% (0)
State:
7.9% (50,233)
Number of households with income $20k - 30k:
Franklin Lakes:
0.0% (0)
State:
6.7% (42,724)
Number of households with income $30k - 40k:
Franklin Lakes:
38.7% (139)
New Jersey:
8.3% (52,621)
Number of households with income $40k - 50k:
Franklin Lakes:
0.0% (0)
State:
6.6% (41,539)
Number of households with income $50k - 60k:
Franklin Lakes:
4.7% (17)
State:
6.9% (43,976)
Number of households with income $60k - 75k:
Franklin Lakes:
0.0% (0)
New Jersey:
10.4% (66,157)
Number of households with income $75k - 100k:
Franklin Lakes:
0.0% (0)
State:
12.7% (80,102)
Number of households with income $100k - 125k:
Franklin Lakes:
10.3% (37)
State:
10.1% (63,832)
Number of households with income $125k - 150k:
Franklin Lakes:
0.0% (0)
New Jersey:
7.6% (47,874)
Number of households with income $150k - 200k:
Franklin Lakes:
0.0% (0)
State:
8.3% (52,287)
Number of households with income > $200k:
Franklin Lakes:
46.2% (166)
New Jersey:
9.9% (62,842)
Aggregate household income in Franklin Lakes in 2022: $67,251,864
Median family income in Franklin Lakes in 2022:
Franklin Lakes:
$231,400
State:
$77,272
Number of families with income $50k - 60k:
Franklin Lakes:
7.4% (16)
New Jersey:
6.7% (31,451)
Number of families with income $100k - 125k:
Franklin Lakes:
16.9% (36)
State:
10.9% (51,355)
Number of families with income > $200k:
Franklin Lakes:
75.7% (162)
New Jersey:
10.9% (51,269)
Median per capita income in Franklin Lakes in 2022:
Franklin Lakes:
$83,446
State:
$30,987
Change in median per capita income between 2000 and 2022:
Franklin Lakes, New Jersey:
+87.1%
State:
+109.3%
Income statistics for Multirace residents
Number of households with income < $10k:
Franklin Lakes:
0.0% (0)
New Jersey:
4.4% (15,172)
Number of households with income $10k - 20k:
Franklin Lakes:
0.0% (0)
State:
7.1% (24,399)
Number of households with income $20k - 30k:
Franklin Lakes:
0.0% (0)
State:
5.8% (19,827)
Number of households with income $30k - 40k:
Franklin Lakes:
42.8% (180)
New Jersey:
6.7% (23,047)
Number of households with income $40k - 50k:
Franklin Lakes:
0.0% (0)
New Jersey:
5.9% (20,379)
Number of households with income $50k - 60k:
Franklin Lakes:
0.0% (0)
State:
5.8% (19,984)
Number of households with income $60k - 75k:
Franklin Lakes:
0.0% (0)
State:
9.4% (32,244)
Number of households with income $75k - 100k:
Franklin Lakes:
0.0% (0)
New Jersey:
12.8% (43,746)
Number of households with income $100k - 125k:
Franklin Lakes:
5.9% (25)
New Jersey:
10.4% (35,588)
Number of households with income $125k - 150k:
Franklin Lakes:
0.0% (0)
State:
7.7% (26,354)
Number of households with income $150k - 200k:
Franklin Lakes:
0.0% (0)
State:
9.9% (33,977)
Number of households with income > $200k:
Franklin Lakes:
51.3% (216)
State:
14.1% (48,377)
Aggregate household income in Franklin Lakes in 2022: $73,665,513
Median family income in Franklin Lakes in 2022:
Franklin Lakes:
$227,775
New Jersey:
$91,937
Number of families with income $100k - 125k:
Franklin Lakes:
10.7% (25)
State:
10.5% (25,338)
Number of families with income > $200k:
Franklin Lakes:
89.3% (211)
State:
16.8% (40,705)
Median per capita income in Franklin Lakes in 2022:
Franklin Lakes:
$68,100
New Jersey:
$36,016
Change in median per capita income between 2000 and 2022:: -20.2%
Franklin Lakes, New Jersey:
-20.2%
State:
+129.2%
Income statistics for other residents
Number of households with income < $10k:
Franklin Lakes:
41.5% (17)
State:
4.7% (13,969)
Number of households with income $10k - 20k:
Franklin Lakes:
0.0% (0)
State:
8.9% (26,341)
Number of households with income $20k - 30k:
Franklin Lakes:
0.0% (0)
State:
7.1% (21,158)
Number of households with income $30k - 40k:
Franklin Lakes:
0.0% (0)
New Jersey:
9.6% (28,479)
Number of households with income $40k - 50k:
Franklin Lakes:
0.0% (0)
New Jersey:
6.6% (19,415)
Number of households with income $50k - 60k:
Franklin Lakes:
0.0% (0)
State:
7.5% (22,348)
Number of households with income $60k - 75k:
Franklin Lakes:
0.0% (0)
State:
10.5% (31,179)
Number of households with income $75k - 100k:
Franklin Lakes:
0.0% (0)
State:
13.3% (39,515)
Number of households with income $100k - 125k:
Franklin Lakes:
0.0% (0)
State:
9.4% (27,806)
Number of households with income $125k - 150k:
Franklin Lakes:
0.0% (0)
New Jersey:
7.1% (20,898)
Number of households with income $150k - 200k:
Franklin Lakes:
0.0% (0)
New Jersey:
7.8% (23,101)
Number of households with income > $200k:
Franklin Lakes:
58.5% (24)
State:
7.4% (21,791)
Aggregate household income in Franklin Lakes in 2022: $8,997,209
Median per capita income in Franklin Lakes in 2022:
Franklin Lakes:
$34,939
New Jersey:
$27,830
Change in median per capita income between 2000 and 2022:: -58.9%
Franklin Lakes, New Jersey:
-58.9%
State:
+117.5%
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-37.2%
+71.0%
