Home / Select Cities  /  2024 Comparing Franklin Lakes, NJ vs. Closter, NJ

2024 Compare Cities Economy:
Franklin Lakes, NJ vs Closter, NJ

Change Cities
Highlights
- Household income in Closter, is 12% less than it is in Franklin Lakes and is 58% above the National Average.
- Franklin Lakes unemployment rate is 7.4%.
- Closter unemployment rate is 7.4%.

Economy
 Franklin Lakes, NJCloster, NJUnited States
 Unemployment Rate7.4%7.4%6.0%
 Recent Job Growth-0.5%-0.5%1.6%
 Future Job Growth25.3%25.3%33.5%
 Sales Taxes6.6%6.6%6.2%
 Income Taxes5.5%5.5%4.6%
 Income per Cap.$96,187$69,619$37,638
 Household Income$188,272$166,125$69,021
 Family Median Income$220,066$177,562$85,028
 space
 Est. Households By Income
 Franklin Lakes, NJCloster, NJUnited States
 Income Less Than 15K3.1%5.6%9.4%
 Income between 15K and 20K0.1%0.3%3.8%
 Income between 20K and 30K1.4%2.7%8.1%
 Income between 30K and 40K5.4%0.6%8.0%
 Income between 40K and 50K2.7%4.0%7.6%
 Income between 50K and 60K3.2%2.3%7.2%
 Income between 60K and 75K3.7%8.4%9.6%
 Income between 75K and 100K6.0%7.6%12.8%
 Income between 100K and 150K13.5%14.7%16.3%
 Income between 150K and 200K13.7%14.6%7.8%
 Income greater than 200K47.3%39.3%9.5%
 space1
 Population By Occupation
 Franklin Lakes, NJCloster, NJUnited States
 Management, business, finance30.1%24.8%16.4%
 Engineering, computers, science8.0%9.1%6.5%
 Community, social services3.3%2.1%1.8%
 Legal3.0%0.9%1.2%
 Education, library7.8%9.2%6.2%
 Arts, design, media, sports, entertainment2.4%3.6%2.0%
 Healthcare practitioners and technology10.5%8.6%6.2%
 Healthcare support1.2%2.0%3.3%
 Firefighters, law enforcement0.1%2.1%2.1%
 Food preparation, serving1.6%2.0%5.4%
 Building maintenance0.3%1.6%3.6%
 Personal care2.2%1.2%2.6%
 Sales, office, administrative support24.0%22.5%20.9%
 Farming, fishing, forestry0.0%0.0%0.6%
 Construction, extraction, maintenance/repair4.6%4.1%8.1%
 Production, transportation, material moving1.0%6.2%13.1%

View More Data >

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

   |    Reply

Over 18 years ago

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

   |    Reply

Start Your Review of Franklin Lakes

Reviews for Closter    1 Reviews

Closter has excellent schools; a small but convenient downtown; it's fair share of green, open spaces; and close proximity to NYC. However housing prices are steep and  More

   |    Reply

Start Your Review of Closter

 Most Recent Searches On Compare Cities
COMPARE COST OF LIVING
Compare Franklin Lakes, New Jersey Cost of Living vs Closter, New Jersey Cost of Living: Taxes, Childcare, Groceries, Health...
Compare Now


ZIPS IN FRANKLIN LAKES, NEW JERSEY
07417
ZIPS IN CLOSTER, NEW JERSEY
07624

PREMIUM SUBSCRIPTION

Includes Cost of Living compares for child care, utilities, transportation, health, taxes, housing for home owners vs renters, weather, insurance premiums and so much more.

Try Now