2025 Compare Cities Economy:
Franklin Lakes, NJ vs Millburn, NJ

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Highlights
- Household income in Millburn, is 33% more than it is in Franklin Lakes and is 72% above the National Average.
- Franklin Lakes unemployment rate is 7.4%.
- Millburn unemployment rate is 9.6%.
 Franklin Lakes, NJMillburn, NJUnited States
 Unemployment Rate  Unlock9.6%6.0%
 Recent Job Growth  Unlock-0.7%1.6%
 Future Job Growth25.3%  Unlock33.5%
 Sales Taxes6.6%  Unlock6.2%
 Income Taxes  Unlock5.5%4.6%
 Income per Cap.$96,187  Unlock$37,638
 Household Income  Unlock$250,001$69,021
 Family Median Income$220,066  Unlock$85,028
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 Est. Households By Income
 Franklin Lakes, NJMillburn, NJUnited States
 Income Less Than 15K  Unlock1.9%9.4%
 Income between 15K and 20K0.1%  Unlock3.8%
 Income between 20K and 30K  Unlock2.4%8.1%
 Income between 30K and 40K5.4%  Unlock8.0%
 Income between 40K and 50K  Unlock2.0%7.6%
 Income between 50K and 60K3.2%  Unlock7.2%
 Income between 60K and 75K  Unlock3.7%9.6%
 Income between 75K and 100K6.0%  Unlock12.8%
 Income between 100K and 150K  Unlock9.5%16.3%
 Income between 150K and 200K13.7%  Unlock7.8%
 Income greater than 200K  Unlock61.5%9.5%
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 Population By Occupation
 Franklin Lakes, NJMillburn, NJUnited States
 Management, business, finance30.1%  Unlock16.4%
 Engineering, computers, science  Unlock13.7%6.5%
 Community, social services3.3%  Unlock1.8%
 Legal  Unlock8.0%1.2%
 Education, library7.8%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.6%2.0%
 Healthcare practitioners and technology10.5%  Unlock6.2%
 Healthcare support  Unlock0.8%3.3%
 Firefighters, law enforcement0.1%  Unlock2.1%
 Food preparation, serving  Unlock0.9%5.4%
 Building maintenance0.3%  Unlock3.6%
 Personal care  Unlock2.0%2.6%
 Sales, office, administrative support24.0%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair4.6%  Unlock8.1%
 Production, transportation, material moving  Unlock4.9%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 Millburn    2 Reviews

If you want to kill both your mental health and your wallet at the same time, Millburn is the best place for you. The school system is great as long as your wallet is  More

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Over 17 years ago

The public school system in Millburn is one of its strongest attractions. The school is one of the most competitive public high schools in the nation and is a feeder  More

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