3.2% of Franklin Lakes, NJ residents had an income below the poverty level in 2022, which was 202.1% less than the poverty level of 9.7% across the entire state of New Jersey. 4.0% of high school graduates and 6.6% of non high school graduates live in poverty. The poverty rate was 8.5% among disabled residents. The renting rate among poor residents was 12.3%. For comparison, it was 10.1% among residents with income above the poverty level.
Poverty rates in Franklin Lakes, NJ
Residents with income below the poverty level in 2022:
Franklin Lakes:
3.2%
Whole state:
9.7%
Residents with income below 50% of the poverty level in 2022:
Franklin Lakes:
1.9%
Whole state:
4.4%
Poverty rate among disabled residents:
Franklin Lakes:
8.5%
New Jersey:
16.8%
Disability rate in this borough among poor residents (it is 7.0% among residents who are not classified as poor):
Franklin Lakes:
19.5%
New Jersey:
19.6%
Renting rate in this borough among poor and not poor residents:
Residents below poverty level:
12.3%
Residents above poverty level:
10.1%
Poverty by age in Franklin Lakes, NJ
Breakdown by age of poor male residents in Franklin Lakes,NJ (percentage below poverty level)
0.0%Under 5 years
0.0%5 years
0.0%6 to 11 years
0.0%12 to 14 years
44.7%15 years
0.0%16 and 17 years
0.0%18 to 24 years
0.0%25 to 34 years
0.0%35 to 44 years
2.0%45 to 54 years
2.4%55 to 64 years
15.3%65 to 74 years
5.7%75 years and over
Breakdown by age of poor female residents in Franklin Lakes,NJ (percentage below poverty level)
0.0%Under 5 years
0.0%5 years
4.6%6 to 11 years
0.0%12 to 14 years
0.0%15 years
0.0%16 and 17 years
0.0%18 to 24 years
0.0%25 to 34 years
1.7%35 to 44 years
2.5%45 to 54 years
0.0%55 to 64 years
9.6%65 to 74 years
7.3%75 years and over
Breakdown by age of very poor residents in Franklin Lakes,NJ (% below half of poverty level)
0.0%Under 6 years
0.0%6 to 11 years
0.0%12 to 17 years
0.1%18 to 24 years
0.0%25 to 34 years
0.0%35 to 44 years
0.6%45 to 54 years
0.0%55 to 64 years
13.1%65 to 74 years
2.8%75 years and over
Poverty by race and place of birth in Franklin Lakes, NJ
Breakdown of poor residents within races in Franklin Lakes, NJ (%)
1.6%White
0.4%Black
19.7%Asian
57.9%Other race
3.3%2+ races
2.3%Hispanic
Breakdown of poor residents within races in Franklin Lakes, NJ (absolute numbers)
130White
1Black
214Asian
36Other race
382+ races
24Hispanic
1.6%Below poverty level
98.4%Above poverty level
11.0%Below poverty level
89.0%Above poverty level
Poverty in families in Franklin Lakes, NJ
Children below poverty level:
Franklin Lakes, New Jersey:
2.1%
State:
12.7%
Poverty rate among high school graduates:
Franklin Lakes:
4.0%
New Jersey:
7.3%
Poverty rate among people who did not graduate high school:
Franklin Lakes:
6.6%
New Jersey:
21.4%
94.6%Married-couple family
0.0%Male, no wife present
5.4%Female, no husband present
0.0%Both worked full-time
0.0%One full-time, other part-time
0.0%One full-time, other didn't work
0.0%Both worked part-time
23.9%One part-time, other didn't work
76.1%Both didn't work
Other data
Owners below poverty level
0.0%1999 to 2000
4.7%1995 to 1998
12.3%1990 to 1994
19.8%1980 to 1989
21.7%1970 to 1979
11.3%1960 to 1969
23.6%1950 to 1959
6.6%1940 to 1949
0.0%1939 or earlier
Owners above poverty level
3.0%1999 to 2000
4.5%1995 to 1998
4.6%1990 to 1994
22.1%1980 to 1989
16.4%1970 to 1979
28.4%1960 to 1969
9.6%1950 to 1959
6.3%1940 to 1949
5.1%1939 or earlier
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