Franklin Lakes, NJ, 07417 is an ideal place to live with plenty of local amenities and services. The median 2 bedroom rent in Franklin Lakes is $2,790 which is above the US average of $1,430. The Grocery Cost Index in Franklin Lakes is also 114 versus 100 in the US, indicating a slightly more expensive grocery bill.\nSome of the local companies that would be beneficial to the population are Parsippany Hess Express and ACME Markets for groceries; Stag Hill Orthodontics for dental care; and Four Pack Fitness for fitness and health needs. Additionally, there are numerous restaurants like Infusino’s Pizza, Tony & Alba's Italian Café and Trattoria Ponte Vecchio located nearby.
Franklin Lakes (zip 07417) has an unemployment rate of 7.4%. The US average is 6.0%.
Franklin Lakes (zip 07417) has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.
Tax Rates for Franklin Lakes (zip 07417)
- The Sales Tax Rate for Franklin Lakes (zip 07417) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Franklin Lakes (zip 07417) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Franklin Lakes (zip 07417)
- The average income of a Franklin Lakes (zip 07417) resident is $96,164 a year. The US average is $37,638 a year.
- The Median household income of a Franklin Lakes (zip 07417) resident is $188,217 a year. The US average is $69,021 a year.