| Statistic | Franklin Lakes | New Jersey | National |
| Population | 11,044 | 8,882,190 | 328,239,523 |
| Population density (sq mi) | 1,173 | 1,215 | 91 |
| Median age | 46.9 | 39.5 | 37.7 |
| Male/Female ratio | 1.0:1 | 1.0:1 | 1.0:1 |
| Married (15yrs & older) | 69% | 56% | 55% |
| Families w/ Kids under 18 | 43% | 45% | 43% |
| Speak English | 79% | 69% | 79% |
| Speak Spanish | 6% | 16% | 13% |
Understanding the demographics of Franklin Lakes is essential for gaining insights into the composition, dynamics and needs of any city, town or village. This knowledge empowers planners, developers and policymakers to strategize effectively, promoting prosperity, equity and well-being for all residents. The Franklin Lakes population is 11,044, with a population density of 1,173 people per square mile, diverging from the national average of 91. The median age is 46.9, and 69% of individuals aged 15 or older are married, while 43% have children under 18. As far as income equality in Franklin Lakes, 4% of households have a median income below $25,000, whereas 66% report an income exceeding $150,000, indicating a varied economic landscape within the area.
The 5 largest ethnic groups in Franklin Lakes are 82.1% White, 2.2% Black or African American, 6.8% Asian, 0% American Indian and 0.6% Native Hawaiian, with 9.8% of the population identifying as Hispanic or Latino. Of note, 78.5% of households reported speaking English only, while 6% reported speaking Spanish only. Additionally, 15.9% of residents were classified as foreign-born. The Franklin Lakes racial demographics and ethnicity breakdown are essential for comprehending and addressing systemic inequities, advancing social justice and inclusion and cultivating resilient communities.
Communities such as Franklin Lakes, with population densities higher than the average, play a significant role in promoting environmental sustainability by decreasing per capita energy consumption, greenhouse gas emissions and land use. Their compact urban development encourages the adoption of energy-efficient buildings, walking, cycling, and public transportation, fostering sustainable lifestyles and minimizing environmental impact. Additionally, densely populated areas tend to cultivate vibrant social and cultural scenes, fueled by a diverse population that contributes to a myriad of cultural events, festivals and community activities. This cultural diversity sparks creativity, innovation and cross-cultural exchange, enriching the social fabric of the community. Franklin Lakes has a population density of 1,173, surpassing the national average of 91 people per square mile, as it stands poised to reap the benefits of dense urban living.
Urban Development: By leveraging demographic data in Franklin Lakes, urban planners can tailor areas to meet the needs of any resident across housing, transportation and public services, all while fostering sustainability and elevating quality of life. Demographic changes can fuel gentrification and neighborhood transformation, whether in urban or rural settings. As neighborhoods attract newcomers with varying income levels and lifestyle preferences, property values may appreciate, potentially displacing established residents and reshaping the neighborhood's fabric. A nuanced understanding of population density, age distribution, household size and income levels is pivotal for guiding decisions on zoning, transportation infrastructure, housing development and public amenities. Utilizing the demographic data in planning and implementing affordable housing initiatives can help mitigate displacement risks and promote inclusive communities.
Healthcare Planning: Analyzing the demographic data in Franklin Lakes has the potential to inform healthcare planning and delivery by identifying population health needs, disparities and risk factors. Healthcare providers and policymakers can allocate resources more effectively, develop prevention and intervention programs and address health inequities within communities by understanding demographic trends. Leveraging demographic statistics can enable healthcare providers and policymakers to strive for equitable, accessible and high-quality healthcare for all individuals and communities. This proactive healthcare planning approach ensures targeted interventions, efficient resource allocation and tailored healthcare services to meet diverse population needs.
Education Allocation: In education planning, Franklin Lakes demographic data can be invaluable for identifying student demographics, school enrollment trends and educational needs. This data aids schools and policymakers in resource allocation and the formulation of effective educational programs. It serves as a crucial tool for recognizing disparities in educational access and outcomes among different demographic groups, including racial and ethnic minorities, socio-economic status and students with disabilities. Through the disaggregation of data by demographic factors, education planners can pinpoint areas of inequity and implement targeted interventions to enhance access, support, and outcomes for marginalized students. Overall, Franklin Lakes demographic data can be an essential tool in education for promoting equity, facilitating student success, and nurturing inclusive learning environments that cater to the needs of all students.
| Race | Franklin Lakes | New Jersey | National |
| White | 82.13% | 68.15% | 73.35% |
| Black | 2.24% | 13.54% | 12.63% |
| Asian | 6.84% | 9.19% | 5.22% |
| American Indian | 0.00% | 0.21% | 0.82% |
| Native Hawaiian | 0.63% | 0.03% | 0.18% |
| Mixed race | 6.77% | 2.53% | 3.06% |
| Other race | 1.39% | 6.35% | 4.75% |
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