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Franklin Lakes borough, NJ
ZIP 07417 — Economy & Jobs
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
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Income, employment, industries, and economic trends
Income & Economy in Franklin Lakes borough, NJ (07417)
Median Income
$231,184
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+710
Wealth inflow
Population
11,035
Unemployment
2.4%
1.3pp below US avg
IRS migration statistics show a net inflow of about 710 for ZIP 07417 (Franklin Lakes borough, NJ) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 07417 (2020–Present)
Since 2020, population declined 0.1%, median income rose 9.8% (inflation-adjusted), home values increased 2.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $231,184 |
| Unemployment | 2.4% |
| Establishments | 401 |
| Employees | 5,612 |