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

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Highlights
- Household income in Franklin Lakes, is 2% more than it is in Westfield and is 63% above the National Average.
- Westfield unemployment rate is 4.9%.
- Franklin Lakes unemployment rate is 7.4%.
 Westfield, NJFranklin Lakes, NJUnited States
 Unemployment Rate  Unlock7.4%6.0%
 Recent Job Growth  Unlock-0.5%1.6%
 Future Job Growth22.5%  Unlock33.5%
 Sales Taxes6.6%  Unlock6.2%
 Income Taxes  Unlock5.5%4.6%
 Income per Cap.$89,226  Unlock$37,638
 Household Income  Unlock$188,272$69,021
 Family Median Income$225,846  Unlock$85,028
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 Est. Households By Income
 Westfield, NJFranklin Lakes, NJUnited States
 Income Less Than 15K  Unlock3.1%9.4%
 Income between 15K and 20K2.2%  Unlock3.8%
 Income between 20K and 30K  Unlock1.4%8.1%
 Income between 30K and 40K2.2%  Unlock8.0%
 Income between 40K and 50K  Unlock2.7%7.6%
 Income between 50K and 60K2.7%  Unlock7.2%
 Income between 60K and 75K  Unlock3.7%9.6%
 Income between 75K and 100K6.5%  Unlock12.8%
 Income between 100K and 150K  Unlock13.5%16.3%
 Income between 150K and 200K11.9%  Unlock7.8%
 Income greater than 200K  Unlock47.3%9.5%
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 Population By Occupation
 Westfield, NJFranklin Lakes, NJUnited States
 Management, business, finance33.0%  Unlock16.4%
 Engineering, computers, science  Unlock8.0%6.5%
 Community, social services1.3%  Unlock1.8%
 Legal  Unlock3.0%1.2%
 Education, library7.0%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.4%2.0%
 Healthcare practitioners and technology5.7%  Unlock6.2%
 Healthcare support  Unlock1.2%3.3%
 Firefighters, law enforcement1.4%  Unlock2.1%
 Food preparation, serving  Unlock1.6%5.4%
 Building maintenance0.6%  Unlock3.6%
 Personal care  Unlock2.2%2.6%
 Sales, office, administrative support21.1%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair2.9%  Unlock8.1%
 Production, transportation, material moving  Unlock1.0%13.1%
Reviews for Westfield    8 Reviews

Looking for a simpler life - taxes too high in New  More

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Over 14 years ago

As a resident for over 10 years, overall I have to say that Westfield is one of the most beautiful towns to live in within commuting distance to NYC! Here is a little  More

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Over 15 years ago

My family and I have been here for 11 years! Housing is expensive, but that is really the only downside (and snow!!!) Seriously, it is beautiful, clean, with 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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