2025 Compare Cities Economy:
Albany, NY vs Franklin Lakes, NJ

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Highlights
- Household income in Franklin Lakes, is 258% more than it is in Albany and is 63% above the National Average.
- Albany unemployment rate is 7.1%.
- Franklin Lakes unemployment rate is 7.4%.
 Albany, NYFranklin Lakes, NJUnited States
 Unemployment Rate  Unlock7.4%6.0%
 Recent Job Growth  Unlock-0.5%1.6%
 Future Job Growth24.8%  Unlock33.5%
 Sales Taxes8.0%  Unlock6.2%
 Income Taxes  Unlock5.5%4.6%
 Income per Cap.$31,969  Unlock$37,638
 Household Income  Unlock$188,272$69,021
 Family Median Income$72,988  Unlock$85,028
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 Est. Households By Income
 Albany, NYFranklin Lakes, NJUnited States
 Income Less Than 15K  Unlock3.1%9.4%
 Income between 15K and 20K5.2%  Unlock3.8%
 Income between 20K and 30K  Unlock1.4%8.1%
 Income between 30K and 40K8.2%  Unlock8.0%
 Income between 40K and 50K  Unlock2.7%7.6%
 Income between 50K and 60K7.4%  Unlock7.2%
 Income between 60K and 75K  Unlock3.7%9.6%
 Income between 75K and 100K11.4%  Unlock12.8%
 Income between 100K and 150K  Unlock13.5%16.3%
 Income between 150K and 200K5.1%  Unlock7.8%
 Income greater than 200K  Unlock47.3%9.5%
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 Population By Occupation
 Albany, NYFranklin Lakes, NJUnited States
 Management, business, finance15.1%  Unlock16.4%
 Engineering, computers, science  Unlock8.0%6.5%
 Community, social services3.6%  Unlock1.8%
 Legal  Unlock3.0%1.2%
 Education, library7.4%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.4%2.0%
 Healthcare practitioners and technology7.3%  Unlock6.2%
 Healthcare support  Unlock1.2%3.3%
 Firefighters, law enforcement2.4%  Unlock2.1%
 Food preparation, serving  Unlock1.6%5.4%
 Building maintenance3.9%  Unlock3.6%
 Personal care  Unlock2.2%2.6%
 Sales, office, administrative support23.7%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair2.8%  Unlock8.1%
 Production, transportation, material moving  Unlock1.0%13.1%
Reviews for Albany    56 Reviews

Over 3 years ago

I live relatively close to Albany, and I gotta say, its a great city. I think it has a lot of good places for food, good living spaces, nice jobs and offices, and I  More

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Over 5 years ago

I’ve lived just outside of Albany in Clifton Park and its always been decent for me. The town is nice and theres a lot to do. The prices are a little expensive including  More

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Over 5 years ago

Good place to retire. Walkable. Young people. Buses. Sidewalks. Feel safe here in Whitehall neighborhood. Plenty to do. Taxes in ny are high,but you get what you pay  More

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Reviews for Franklin Lakes    2 Reviews

Over 15 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 19 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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