New Jersey / County

Moving to Franklin Lakes, NJ

Thinking of making a move to Franklin Lakes, NJ? Get helpful local information about living costs, neighborhoods, schools, weather, housing, DMV details, and practical relocation details before you plan your move.

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Everything You Should Know Before Moving to Franklin Lakes, NJ

Considering a move to Franklin Lakes, NJ? This welcoming community of 10,900 residents offers a blend of suburban charm and convenience, with median home prices around $970,000 and average rents near $2,900. Commute times average 32 minutes and public transport is accessible, making it great for professionals. The area boasts low violent crime, strong schools, and plenty of sunny days (54% annually), ideal for families and commuters alike. Explore Franklin Lakes's cost of living, education, and friendly neighborhoods to see if it's the right fit for your next move.

Demographics - Franklin Lakes, NJ

Franklin Lakes has a population of 10,900 residents, offering a diverse community with a median age of nearly 46 and a balanced gender ratio. The area features a strong blend of backgrounds, with about 83% White, 3% Black, and 12% Asian residents, and over 12% speaking a language other than English at home. Its high population density contributes to a lively suburban atmosphere.

Population
10,900
Density
1,900 per sq mi
Median Age
45.8
Gender Ratio
94 males per 100 females
Non-English Speakers Percentage
12.4%

Ethnic Composition

White
82.5%
Black
2.6%
Asian
11.8%
Others
3.1%

Cost Of Living

What is the average cost of living in Franklin Lakes, NJ?

The cost of living in Franklin Lakes is higher than the national average, with a cost of living index of 176.4. Median home values are around $970,000 and average rents for a two-bedroom apartment are approximately $2,900. Utilities, groceries, and transportation costs are also elevated, reflecting the area's desirable location and amenities.

Median House Value
$970,000
Gross Rent
$2,900
Monthly Electricity Charges
$165
Auto Insurance
$2,300
House Owner Cost With Mortgage
$4,850
House Owner Cost Without Mortgage
$1,250
State Taxes
Low: 1.4%| High: 10.75%
Cost Of Living Index
176.4
Grocery
118.9
Housing
238.5
Utilities
119.6
Transportation
126.8
Health Care
112.4
Miscellaneous
118.7

Crime

Is Franklin Lakes, NJ a safe place to live?

Franklin Lakes is considered a safe community, with a low violent crime rate of 42 incidents per 100,000 residents and a property crime chance of 1 in 164. Most residents enjoy peace of mind, making it an attractive choice for families. The crime index remains below many urban areas in New Jersey.

Violent Crimes Per 100k
42
Property Crimes Per 100k
610
Crime Index
652
Chance Of Violent Crime
1 in 2,381
Chance Of Property Crime
1 in 164

Weather

What is the weather like in Franklin Lakes, NJ year-round?

Franklin Lakes experiences four distinct seasons, with warm summers reaching highs of 85°F and cold winters dipping to 23°F. The area receives about 49 inches of rainfall annually and enjoys sunshine on 54% of days. This climate offers residents a balanced mix of outdoor opportunities year-round.

Winter

Min
23°F
Max
39°F

Summer

Min
64°F
Max
85°F

Spring

Min
43°F
Max
66°F

Fall

Min
46°F
Max
68°F
Average Rainfall Inches
49.0 inches
Sunny Days Percentage
54%

Neighbors

The neighborhood boasts a healthy median household income of $185,000 and a low poverty rate of 2.8%. Over 97% of residents have at least a high school diploma, and nearly 70% hold a bachelor's degree or higher. Commute times average 32 minutes, and almost 6% use public transportation, reflecting the area's accessibility and educated population.

Median Income
$120,000
Household Income
$185,000
Family Income
$220,000
Per Capita Income
$74,500
Income Male
$95,000
Income Female
$63,500
Poverty Rate
2.8%
Non English Speakers
14.1%
Rent
$2,900
Unemployment Rate
3.7%
Public Transport Usage
5.6%
Commute Time
31.8 minutes

Education

High School or Higher
96.8%
Bachelors or More
69.5%

Education

How are the schools in Franklin Lakes, NJ?

Franklin Lakes offers quality education options, with public schools like High Mountain Road School, Colonial Road School, and Ramapo High School known for favorable student-to-teacher ratios. Families also have access to private schools and several nearby colleges, including Bergen Community College, Ramapo College of New Jersey, and William Paterson University. The community is committed to educational excellence for all age groups.

Public Schools

Name
High Mountain Road School
Street
765 High Mountain Rd
Phone
201-891-5717
Students
470
Student Teacher Ratio
11.8
Name
Colonial Road School
Street
746 Colonial Rd
Phone
201-891-2390
Students
430
Student Teacher Ratio
11.5
Name
Ramapo High School
Street
331 George St
Phone
201-825-7885
Students
1,200
Student Teacher Ratio
12.3

Private Schools

Name
Bergen Catholic High School
Street
1040 Oradell Ave
Phone
201-261-1844
Students
670
Name
Academy of the Holy Angels
Street
315 Hillside Ave
Phone
201-767-0200
Students
540

Colleges

Name
Bergen Community College
City
Paramus
State
NJ
Distance
7 miles
Students
13,000
Name
Ramapo College of New Jersey
City
Mahwah
State
NJ
Distance
8 miles
Students
6,000
Name
William Paterson University
City
Wayne
State
NJ
Distance
11 miles
Students
10,000

Healthcare

Franklin Lakes residents have access to quality healthcare, with major hospitals like The Valley Hospital and Hackensack University Medical Center nearby. The community benefits from a high physician-to-resident ratio of 3.1 per 1,000 people and 97.8% health insurance coverage. Local healthcare services are reliable and comprehensive.

Major Hospitals

Name
The Valley Hospital
Address
223 N Van Dien Ave, Ridgewood, NJ 07450
Phone
(201) 447-8000
Type
General & Surgical
Emergency Services
Yes
Name
Hackensack University Medical Center
Address
20 Prospect Ave, Hackensack, NJ 07601
Phone
(551) 996-2000
Type
General & Surgical
Emergency Services
Yes

Healthcare Access

Physicians Per 1000
3.1
Health Insurance Coverage
97.8%
Health Care Index
81.2

Housing Market

What is the housing market like in Franklin Lakes, NJ?

The local housing market is strong, with a median home price of $970,000 and an owner-occupied rate of nearly 94%. The market has seen a 5.2% appreciation over the past year, and rental vacancy rates remain moderate at 4.1%. Franklin Lakes offers a mix of stability and opportunity for both buyers and renters.

Median Home Price
$970,000
Average Rent For 2 Bedroom
$2,900
Owner Occupied Rate
94.2%
Rental Vacancy Rate
4.1%
Home Appreciation Rate (1yr)
5.2%
New Construction Rate
0.8%
Foreclosure Rate
0.2%

DMV Information

Residents of Franklin Lakes handle vehicle services through the New Jersey Motor Vehicle Commission, conveniently located in Trenton. The state DMV provides driver licensing, vehicle registration, and other essential services both in person and online. Information and resources are easily accessible for new and existing residents.

State
New Jersey
Department
New Jersey Motor Vehicle Commission
Address
225 E. State Street, Trenton, NJ 08666
Phone
1-609-292-6500

Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.

FAQs About Moving to Franklin Lakes, NJ

Answers use the same city data shown on this page, including costs, housing, schools, safety, weather, healthcare, and DMV details.

Before moving to Franklin Lakes, review the core fields on this page: population 10,900, median home value $970,000, average rent for 2 bedroom $2,900, commute time 31.8 minutes, and sunny days percentage 54%.

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