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

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Highlights
- Household income in Binghamton, is 79% less than it is in Franklin Lakes and is 77% below the National Average.
- Franklin Lakes unemployment rate is 7.4%.
- Binghamton unemployment rate is 7.7%.
 Franklin Lakes, NJBinghamton, NYUnited States
 Unemployment Rate  Unlock7.7%6.0%
 Recent Job Growth  Unlock-0.3%1.6%
 Future Job Growth25.3%  Unlock33.5%
 Sales Taxes6.6%  Unlock6.2%
 Income Taxes  Unlock6.2%4.6%
 Income per Cap.$96,187  Unlock$37,638
 Household Income  Unlock$39,012$69,021
 Family Median Income$220,066  Unlock$85,028
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 Est. Households By Income
 Franklin Lakes, NJBinghamton, NYUnited States
 Income Less Than 15K  Unlock21.2%9.4%
 Income between 15K and 20K0.1%  Unlock3.8%
 Income between 20K and 30K  Unlock11.4%8.1%
 Income between 30K and 40K5.4%  Unlock8.0%
 Income between 40K and 50K  Unlock7.8%7.6%
 Income between 50K and 60K3.2%  Unlock7.2%
 Income between 60K and 75K  Unlock8.3%9.6%
 Income between 75K and 100K6.0%  Unlock12.8%
 Income between 100K and 150K  Unlock9.4%16.3%
 Income between 150K and 200K13.7%  Unlock7.8%
 Income greater than 200K  Unlock3.7%9.5%
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 Population By Occupation
 Franklin Lakes, NJBinghamton, NYUnited States
 Management, business, finance30.1%  Unlock16.4%
 Engineering, computers, science  Unlock4.9%6.5%
 Community, social services3.3%  Unlock1.8%
 Legal  Unlock2.1%1.2%
 Education, library7.8%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.7%2.0%
 Healthcare practitioners and technology10.5%  Unlock6.2%
 Healthcare support  Unlock6.0%3.3%
 Firefighters, law enforcement0.1%  Unlock2.1%
 Food preparation, serving  Unlock9.2%5.4%
 Building maintenance0.3%  Unlock3.6%
 Personal care  Unlock2.8%2.6%
 Sales, office, administrative support24.0%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.1%0.6%
 Construction, extraction, maintenance/repair4.6%  Unlock8.1%
 Production, transportation, material moving  Unlock11.0%13.1%
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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Reviews for Binghamton    29 Reviews

Marg · 

Very cool place with loads of popular restaurants (some award winning), hiking, winter activities/sports, fishing, boating, central location -making it SO EASY for  More

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Over 4 years ago

I can't understand the strong negativity, at least not totally. I have been here for a while now and have been (years ago). Back in the big recession there were some  More

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Over 4 years ago

I've lived in this area my whole life-all 23 years of it. Even in my lifetime about half the businesses I remember are now boarded up often with no replacements. So many  More

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