Franklin Lakes, NJ
11,084Residents
$235,795Median household income
$3,230/moMedian gross rent
$1,264,000Median home value
46.3Median age
77%Adults with a bachelor’s degree or higher
89%Homes lived in by their owners
5.4×Home value to household income
Median rent takes about 16% of the median household income in Franklin Lakes.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $129,000 a year. In New Jersey that leaves roughly $7,749 a month after tax. See the full paycheck breakdown for $130,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.