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

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Highlights
- Household income in Franklin Lakes, is 14% more than it is in Princeton and is 63% above the National Average.
- Princeton unemployment rate is 3.6%.
- Franklin Lakes unemployment rate is 7.4%.
 Princeton, NJFranklin Lakes, NJUnited States
 Unemployment Rate  Unlock7.4%6.0%
 Recent Job Growth  Unlock-0.5%1.6%
 Future Job Growth43.3%  Unlock33.5%
 Sales Taxes6.6%  Unlock6.2%
 Income Taxes  Unlock5.5%4.6%
 Income per Cap.$79,217  Unlock$37,638
 Household Income  Unlock$188,272$69,021
 Family Median Income$239,534  Unlock$85,028
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 Est. Households By Income
 Princeton, NJFranklin Lakes, NJUnited States
 Income Less Than 15K  Unlock3.1%9.4%
 Income between 15K and 20K2.0%  Unlock3.8%
 Income between 20K and 30K  Unlock1.4%8.1%
 Income between 30K and 40K2.8%  Unlock8.0%
 Income between 40K and 50K  Unlock2.7%7.6%
 Income between 50K and 60K3.1%  Unlock7.2%
 Income between 60K and 75K  Unlock3.7%9.6%
 Income between 75K and 100K10.2%  Unlock12.8%
 Income between 100K and 150K  Unlock13.5%16.3%
 Income between 150K and 200K9.3%  Unlock7.8%
 Income greater than 200K  Unlock47.3%9.5%
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 Population By Occupation
 Princeton, NJFranklin Lakes, NJUnited States
 Management, business, finance26.9%  Unlock16.4%
 Engineering, computers, science  Unlock8.0%6.5%
 Community, social services2.2%  Unlock1.8%
 Legal  Unlock3.0%1.2%
 Education, library20.5%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.4%2.0%
 Healthcare practitioners and technology4.4%  Unlock6.2%
 Healthcare support  Unlock1.2%3.3%
 Firefighters, law enforcement0.4%  Unlock2.1%
 Food preparation, serving  Unlock1.6%5.4%
 Building maintenance1.3%  Unlock3.6%
 Personal care  Unlock2.2%2.6%
 Sales, office, administrative support11.8%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair2.0%  Unlock8.1%
 Production, transportation, material moving  Unlock1.0%13.1%
Reviews for Princeton    5 Reviews

Many cities have colleges in them, but Princeton's character and quality of life are very deeply influenced by having such an outstanding school contributing to all  More

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Over 16 years ago

police are very quick to respond and resolve crime problems. very safe place to live. when you feel safe, all other issues are  More

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You'll never lose on a real estate investment in Princeton. It has that cache that people always desire. McCarter Theatre, University concerts, fine dining, great  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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