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

Change Cities
Highlights
- Household income in Paramus, is 31% less than it is in Franklin Lakes and is 47% above the National Average.
- Franklin Lakes unemployment rate is 7.4%.
- Paramus unemployment rate is 6.9%.
 Franklin Lakes, NJParamus, NJUnited States
 Unemployment Rate  Unlock6.9%6.0%
 Recent Job Growth  Unlock-0.5%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$130,446$69,021
 Family Median Income$220,066  Unlock$85,028
 space
 Est. Households By Income
 Franklin Lakes, NJParamus, NJUnited States
 Income Less Than 15K  Unlock2.6%9.4%
 Income between 15K and 20K0.1%  Unlock3.8%
 Income between 20K and 30K  Unlock5.3%8.1%
 Income between 30K and 40K5.4%  Unlock8.0%
 Income between 40K and 50K  Unlock3.5%7.6%
 Income between 50K and 60K3.2%  Unlock7.2%
 Income between 60K and 75K  Unlock6.1%9.6%
 Income between 75K and 100K6.0%  Unlock12.8%
 Income between 100K and 150K  Unlock21.6%16.3%
 Income between 150K and 200K13.7%  Unlock7.8%
 Income greater than 200K  Unlock24.3%9.5%
 space1
 Population By Occupation
 Franklin Lakes, NJParamus, NJUnited States
 Management, business, finance30.1%  Unlock16.4%
 Engineering, computers, science  Unlock7.5%6.5%
 Community, social services3.3%  Unlock1.8%
 Legal  Unlock1.2%1.2%
 Education, library7.8%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock3.1%2.0%
 Healthcare practitioners and technology10.5%  Unlock6.2%
 Healthcare support  Unlock3.3%3.3%
 Firefighters, law enforcement0.1%  Unlock2.1%
 Food preparation, serving  Unlock1.8%5.4%
 Building maintenance0.3%  Unlock3.6%
 Personal care  Unlock2.1%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  Unlock5.6%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

   |    Reply

Over 19 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 Paramus    2 Reviews

Over 16 years ago

My siblings and I are products of the Paramus Public School system and I am an attorney, my sister is a doctor and my brother is finishing his MBA. Many of my high  More

   |    Reply

Over 18 years ago

I have lived here most of my life and it is a fabulous place to live. Community oriented - great schools and great  More

   |    Reply

Start Your Review of Paramus


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.


The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.