Housing costs in Franklin Lakes?
A typical home costs
$1,182,100, which is 249.6% more expensive than the national average of
$338,100 and 173.6% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Franklin Lakes costs
$2,790 per month, which is 63.2% more than the national average of
$1,710 and 22.2% more than the state average of
$2,170.
Can I afford Franklin Lakes?
To live comfortably in Franklin Lakes (zip 07417), New Jersey, a minimum annual income of
$226,440 for a family, and
$96,000 for a single person is recommended.
What does A.I. say about Franklin Lakes?
The cost of living in 07417 Franklin Lakes, NJ is quite high. The average home value is well above the national average, with prices ranging from $500,000 to over $1 million. In addition, the median household income in this zip code is $164,375 – nearly double the national median. With such a high cost of living, it's no surprise that many luxury amenities are available to residents. Shopping centers and upscale restaurants dot the landscape, and there are many outdoor recreation areas close by as well. Living in 07417 Franklin Lakes does come with a price tag – but for those who can afford it, it’s worth every penny.