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2024 Compare Cities Economy:
Short Hills, NJ vs Franklin Lakes, NJ

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Highlights
- Household income in Franklin Lakes, is 25% less than it is in Short Hills and is 63% above the National Average.
- Short Hills unemployment rate is 9.6%.
- Franklin Lakes unemployment rate is 7.4%.

Economy
 Short Hills, NJFranklin Lakes, NJUnited States
 Unemployment Rate9.6%7.4%6.0%
 Recent Job Growth-0.7%-0.5%1.6%
 Future Job Growth20.9%25.3%33.5%
 Sales Taxes6.6%6.6%6.2%
 Income Taxes5.5%5.5%4.6%
 Income per Cap.$136,043$96,187$37,638
 Household Income$250,001$188,272$69,021
 Family Median Income$250,001$220,066$85,028
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 Est. Households By Income
 Short Hills, NJFranklin Lakes, NJUnited States
 Income Less Than 15K0.6%3.1%9.4%
 Income between 15K and 20K1.2%0.1%3.8%
 Income between 20K and 30K1.5%1.4%8.1%
 Income between 30K and 40K1.1%5.4%8.0%
 Income between 40K and 50K1.5%2.7%7.6%
 Income between 50K and 60K1.4%3.2%7.2%
 Income between 60K and 75K2.3%3.7%9.6%
 Income between 75K and 100K2.1%6.0%12.8%
 Income between 100K and 150K9.9%13.5%16.3%
 Income between 150K and 200K8.4%13.7%7.8%
 Income greater than 200K70.0%47.3%9.5%
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 Population By Occupation
 Short Hills, NJFranklin Lakes, NJUnited States
 Management, business, finance38.9%30.1%16.4%
 Engineering, computers, science14.3%8.0%6.5%
 Community, social services0.8%3.3%1.8%
 Legal10.9%3.0%1.2%
 Education, library5.7%7.8%6.2%
 Arts, design, media, sports, entertainment1.4%2.4%2.0%
 Healthcare practitioners and technology6.6%10.5%6.2%
 Healthcare support0.2%1.2%3.3%
 Firefighters, law enforcement0.3%0.1%2.1%
 Food preparation, serving0.7%1.6%5.4%
 Building maintenance0.0%0.3%3.6%
 Personal care1.5%2.2%2.6%
 Sales, office, administrative support14.5%24.0%20.9%
 Farming, fishing, forestry0.0%0.0%0.6%
 Construction, extraction, maintenance/repair0.3%4.6%8.1%
 Production, transportation, material moving4.0%1.0%13.1%

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Reviews for Franklin Lakes    2 Reviews

Over 14 years ago

It is a nice place to live near everything, ranches to multi million dollar home area, near all shopping, major transportation, 30 minutes to New  More

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Over 18 years ago

Franklin Lakes is a very affluent town to live in. The schools are excellent. I highly reccomend living  More

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ZIPS IN SHORT HILLS, NEW JERSEY
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ZIPS IN FRANKLIN LAKES, NEW JERSEY
07417

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