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Economy in Franklin Lakes, New Jersey

Overview, People, Health, Economy, Housing, Rankings, Crime
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Economy
EconomyFranklin Lakes, NJUnited States
Unemployment Rate7.90%9.10%
Recent Job Growth-0.26%-0.12%
Future Job Growth31.58%31.25%
Sales Taxes7.00%6.80%
Income Taxes8.97%6.25%
Income per Cap.$66,646$27,067
Household Income$163,548$52,954
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K3.97%12.10%
Income between 15K and 25K2.00%10.18%
Income between 25K and 35K1.92%10.56%
Income between 35K and 50K5.23%14.98%
Income between 50K and 75K8.18%19.53%
Income between 75K and 100K8.59%12.52%
Income between 100K and 150K16.83%12.14%
Income between 150K and 250K12.53%3.91%
Income between 250K and 500K29.60%3.34%
Income greater than 500K11.16%0.75%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations27.64%13.81%
Professional and Related Occupations25.58%22.68%
Service6.06%14.51%
Sales and Office28.00%25.22%
Farming, Fishing, and Forestry0.02%0.68%
Construction, Extraction, and Maintenance4.60%9.37%
Production, Transportation, and Material Moving4.81%15.86%
Median Household Income

The unemployment rate in Franklin Lakes, NJ, is 7.90%, with job growth of -0.26%. Future job growth over the next ten years is predicted to be 31.58%.

Franklin Lakes, NJ Taxes

Franklin Lakes, NJ,sales tax rate is 7.00%. Income tax is 8.97%.

Franklin Lakes, NJ Income and Salaries

The income per capita is $66,646, which includes all adults and children. The median household income is $163,548.


Franklin Lakes Economy SperlingViews

Affluent Town: Franklin Lakes is a very affluent town to live in. The schools are excellent. I highly reccomend living... (read more)Franklin Lakes: 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... (read more)Have an opinion about Franklin Lakes? Leave a commentTo See All SperlingViews for Franklin Lakes Click Here