There are 20 independent living communities serving Franklin Lakes, New Jersey. This includes 1 community in Franklin Lakes and 19 nearby. Independent living costs in New Jersey range from around $37 to $171 per day, with a mean expenditure running around $100. The monthly cost averages around $2,986 and ranges between $1,104 and $5,115. On an annual basis, the median cost is about $35,838, which is above the nationwide average of $23,100.
Costs of independent living in Franklin Lakes, NJ typically range between $1,804 per month and $5,528 per month. The median cost is $3,823 per month, or about $45,870 per year.
Franklin Lakes is a small city in Bergen County within New Jersey. It is part of the New York-Northern New Jersey-Long Island metropolitan area. The city has a total population of 10,580, with 5,372,907 residents in the encompassing statistical area. Residents who are 55 and over represent about 31% of the total population.
Franklin Lakes has an exceptional SeniorScore™ of 85. The city has an average per capita income of $80,000 and an average household income is $148,000 (the New Jersey state average is $84,000). The current unemployment rate is approximately 5.87% and the median home price is $1,432,500, which is much higher than the New Jersey average of $547,500.
Franklin Lakes has moderate mean temperatures, with moderate winters and mildly warm summers. The city gets very large levels of precipitation annually. Franklin Lakes has a very low rate of crime, very low air quality ratings, and average water quality in comparison to other American cities.