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Franklin Lakes borough, NJ
ZIP 07481 — Economy & Jobs
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Wealthy AreaLow Snow AreaRemote Work Hub
Income, employment, industries, and economic trends
Income & Economy in Franklin Lakes borough, NJ (07481)
Median Income
$196,632
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,086
Wealth inflow
Population
16,866
Unemployment
4.9%
1.2pp above US avg
IRS migration statistics show a net inflow of about 1,086 for ZIP 07481 (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 07481 (2020–Present)
Since 2020, population declined 0.5%, median income rose 3.0% (inflation-adjusted), home values decreased 2.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $196,632 |
| Unemployment | 4.9% |
| Establishments | 549 |
| Employees | 5,460 |