Crime
The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.
Employment
This area excels in the employment category with a score well above average, primarily due to the higher median home income, per capita income and low unemployment rates.
Schools
The schools category boasts a high score thanks to factors like excellent test scores, impressive graduation rates and the convenient placement of elementary and high schools in this area.
Ratings
Locals express favorable opinions about the proximity of everyday local amenities, parks, public transit, neighborly atmosphere, strong sense of community and the general safety of the area.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Cost Of Living
The cost of living in this area is notably high, making it a more expensive place to live. You'll find higher expenses for everyday goods and services, housing and groceries.
Health & Safety
A low health and safety score may be attributed to factors such as subpar air quality and the unavailability of certain health-related facilities like hospitals, clinics, doctors and pharmacies.
Franklin Lakes is a mid-sized city located in the state of New Jersey. The city has a population of 11,324 people. At 82%, the majority of the Franklin Lakes population is White; this is followed by 7% Asian and 2% Black. An important consideration when living in Franklin Lakes is the longer-than-average commute times. If you seek a short work commute, this area may not be the best choice for you. The one-way commute time here typically takes 35 minutes, far surpassing the national average of 26 minutes.
Living in Franklin Lakes can be a fulfilling experience for anyone moving to the city. Having said that, in the state of New Jersey, there are many amazing places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. To help you find the best places to live in and around Franklin Lakes, AreaVibes has created a livability score using key metrics like cost of living, commute, health & safety, employment and more.
Franklin Lakes has a livability score of 66 out of 100 and is ranked #338 in New Jersey and #10,437 in the USA. If we dig a little deeper into each category within the livability score, we see that Franklin Lakes has higher than average grades for the following: crime (A+), education (A+) and housing (B-). On a less positive note, Franklin Lakes does not have favorable grades for the following: amenities (F). If we take a look at the data, we can find out why.
Crime rates can be the deciding factor for anyone looking to relocate to a new area, as the result is often a greater level of safety and security as well as an improved quality of life. Franklin Lakes gets top scores for their low violent crime rates of 27 crimes per 100,000 residents, which are significantly lower than the national average.
Standardized school test scores offer a valuable benchmark for assessing the quality of educational programs, instructional methods, and curriculum effectiveness. Recognizing that Franklin Lakes schools excel in test scores is a crucial consideration when determining the suitability of this area for residence. The local schools boast an impressive average test score of 76%, significantly higher than the national average. This stellar academic performance not only attests to the excellence of the educational system but also underscores the area's commitment to providing a high-quality education, making Franklin Lakes an appealing choice for those prioritizing their children's educational prospects.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Franklin Lakes has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Franklin Lakes real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Franklin Lakes. Median real estate prices in Franklin Lakes come in at $1,834,043, which is 230.2% higher than the New Jersey average. The home price to income ratio compares the median home prices to the median household income. In Franklin Lakes, the home price to income ratio is 6.8, which is 33.3% higher than the New Jersey average.
| Statistic | Franklin Lakes | New Jersey | National |
| Average one way commute | 35min | 31min | 26min |
| Workers who drive to work | 71.3% | 71.7% | 76.4% |
| Workers who carpool | 2.8% | 8.1% | 9.3% |
| Workers who take public transit | 8.4% | 11.2% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 1.4% | 3.0% | 2.8% |
| Working from home | 15.7% | 4.1% | 4.6% |
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