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 11,116 residents offers a blend of suburban charm and convenience, with median home prices around $1,180,000 and average rents near $3,150. Commute times average 37 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 11,116 residents, offering a diverse community with a median age of nearly 47 and a balanced gender ratio. The area features a strong blend of backgrounds, with about 84% White, 1% Black, and 12% Asian residents, and over 13% speaking a language other than English at home. Its high population density contributes to a lively suburban atmosphere.

Population
11,116
Density
1,070 per sq mi
Median Age
47.1
Gender Ratio
97 males per 100 females
Non-English Speakers Percentage
12.5%

Ethnic Composition

White
83.8%
Black
1.2%
Asian
12.0%
Others
3.0%

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 170.5. Median home values are around $1,180,000 and average rents for a two-bedroom apartment are approximately $3,150. Utilities, groceries, and transportation costs are also elevated, reflecting the area's desirable location and amenities.

Median House Value
$1,180,000
Gross Rent
$3,150
Monthly Electricity Charges
$150
Auto Insurance
$2,050
House Owner Cost With Mortgage
$4,200
House Owner Cost Without Mortgage
$1,400
State Taxes
Low: 1.4%| High: 10.75%
Cost Of Living Index
170.5
Grocery
134.2
Housing
245.0
Utilities
116.0
Transportation
132.5
Health Care
120.0
Miscellaneous
115.0

Crime

Is Franklin Lakes, NJ a safe place to live?

Franklin Lakes is considered a safe community, with a low violent crime rate of 38 incidents per 100,000 residents and a property crime chance of 1 in 260. 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
38
Property Crimes Per 100k
430
Crime Index
468
Chance Of Violent Crime
1 in 2,950
Chance Of Property Crime
1 in 260

Weather

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

Franklin Lakes experiences four distinct seasons, with warm summers reaching highs of 84°F and cold winters dipping to 24°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
24°F
Max
39°F

Summer

Min
64°F
Max
84°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 $192,222 and a low poverty rate of 2.1%. Over 98% of residents have at least a high school diploma, and nearly 73% hold a bachelor's degree or higher. Commute times average 37 minutes, and almost 7% use public transportation, reflecting the area's accessibility and educated population.

Median Income
$95,000
Household Income
$192,222
Family Income
$210,000
Per Capita Income
$87,600
Income Male
$118,000
Income Female
$65,000
Poverty Rate
2.1%
Non English Speakers
12.5%
Rent
$3,150
Unemployment Rate
3.7%
Public Transport Usage
6.8%
Commute Time
36.8 minutes

Education

High School or Higher
98.4%
Bachelors or More
73.1%

Education

How are the schools in Franklin Lakes, NJ?

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

Public Schools

Name
Franklin Avenue Middle School
Street
755 Franklin Ave
Phone
201-891-0202
Students
575
Student Teacher Ratio
10.8
Name
Colonial Road School
Street
749 Colonial Rd
Phone
201-337-0336
Students
350
Student Teacher Ratio
9.7

Private Schools

Name
The Academy of the Most Blessed Sacrament
Street
785 Franklin Lake Rd
Phone
201-891-4250
Students
200

Colleges

Name
Ramapo College of New Jersey
City
Mahwah
State
NJ
Distance
7 miles
Students
5,900
Name
Bergen Community College
City
Paramus
State
NJ
Distance
10 miles
Students
13,500

Healthcare

Franklin Lakes residents have access to quality healthcare, with major hospitals like 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 97.4% health insurance coverage. Local healthcare services are reliable and comprehensive.

Major Hospitals

Name
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
30 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
97.4%
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 $1,180,000 and an owner-occupied rate of nearly 95%. The market has seen a 4.6% appreciation over the past year, and rental vacancy rates remain moderate at 2.8%. Franklin Lakes offers a mix of stability and opportunity for both buyers and renters.

Median Home Price
$1,180,000
Average Rent For 2 Bedroom
$3,150
Owner Occupied Rate
95.0%
Rental Vacancy Rate
2.8%
Home Appreciation Rate (1yr)
4.6%
New Construction Rate
0.7%
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 11,116, median home value $1,180,000, average rent for 2 bedroom $3,150, commute time 36.8 minutes, and sunny days percentage 54%.

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