CitytisticsShortlist

Franklin Lakes, NJ vs Old Field, NY

Franklin Lakes

New Jersey

vs

Old Field

New York

Across 31 directional measures we can compare, Franklin Lakes leads on 19 and Old Field on 12. Counting measures is not an overall verdict: their importance depends on your priorities. Median rent is 8% higher in Old Field, and so is median household income.

Median gross rent
$3,230$3,501
Franklin Lakes is 8% lower
Median household income
$235,795$250,001
Franklin Lakes is 6% lower
Median home value
$1,264,000$1,318,500
Franklin Lakes is 4% lower

The Citytistics read

  • After the median rent, with other prices set to the US average, the median household has about $187,300 a year left in Franklin Lakes and $197,800 in Old Field. Money goes further in Old Field, by about $10,400 a year.
  • A household earning Franklin Lakes's median of $235,795 would need about $239,000 in Old Field to keep the same money after rent and local prices.
  • Between the 2019 and 2024 surveys, pay outran rent by 2.3 points a year in Franklin Lakes, and rent outran pay by 5.9 points a year in Old Field.

How these are calculated

New JerseyNew YorkOld Field, NYFranklin Lakes, NJFranklin LakesOld FieldFranklin LakesOld Field

Which fits you?

Both start on the Citytistics Index (CTX). Move the sliders to weigh what matters to you and the score becomes your own mix.

Your weights

Top 1 of 1 matching places. Places in the top 1% show their national rank.

#PlaceCTXAffordabilityEconomyEducationSafetyCommuteAmenitiesGrowth
01Franklin Lakes, NJComposite 69.7 / 100
94
5198989754667

CTX is the Citytistics Index: better than that share of the places we rate. It tops out at 99, so the top 1% show their national rank (#1 is best). Change any weight to rank on your own mix. How the CTX is built

Every measure

The dots show where each place sits among the 6,645 places we track. The bar is the median. A small dot after a value marks the better one.

MeasureFranklin LakesOld FieldAmong all places
Cost of living
Median gross rent1$3,230$3,501
Rent to income116.4%16.8%
Home price to income15.4x5.3x
Prices vs US average2112.6112.6
Fair market rent, 2 bedrooms3$2,282$2,689
HUD area median income4$139,100$164,300
Housing
Property tax paid (median)1$10,001$10,001
Median home value1$1,264,000$1,318,500
Home prices, 1-year change56.8%5.4%
Home prices, 5-year change552.0%54.5%
Homeownership188.9%80.7%
Renters paying 30%+163.4%58.8%
Owner costs with a mortgage1$4,001$4,001
Vacant homes13.9%15.1%
Median year built119821970
Jobs and income
Median household income1$235,795$250,001
Income per person1$105,713$153,469
Unemployment12.3%4.8%
Average annual pay6$83,431$81,119
Pay growth, 1 year63.5%2.5%
Jobs6437,006689,858
Poverty rate13.5%6.4%
Mean commute137 min23 min
Works from home132.3%19.6%
Commutes by transit16.6%4.4%
People
Population111,0841,007
Population change since 202070.7%4.3%
Median age146.345.9
Bachelor's or higher177.4%81.1%
High school or higher197.7%96.5%
Household size12.92.8
Born abroad119.4%15.3%
No health insurance11.7%4.7%
Homes with broadband197.8%99.4%
Moving
Moved here in the past year14.7%4.1%
Moved from another state11.9%0.7%
Net movers per 1,000 people8-1.8-5.5
Income of households moving in8$115,305$116,086
Income of households moving out8$114,026$120,653
Local life
Restaurants and bars per 10k928.425.6
Shops per 10k936.339.7
Arts, recreation and fitness per 10k95.16.6
Doctors' offices and clinics per 10k935.724.4
Child care centers per 10k93.32.7
Parks per 10k102.70.0
Playgrounds per 10k105.40.0
Grocery stores per 10k102.70.0
Restaurants, cafes and bars per 10k109.019.9
Libraries per 10k101.80.0
Named paths and bike trails107.70.1
Transit stops per sq mi100.00.0
Nearest National Park Service site116.6n/a
National Park Service sites within 60 miles1123n/a
National Register listings1214347
Safety
Violent crime per 100k1318n/a
Property crime per 100k13160n/a
Schools
Public schools145342
Public school students142,331222,431
Students per teacher149.111.4
Climate
July average high1586°F82°F
January average low1522°F24°F
Average temperature1553°F53°F
Annual precipitation1548.1 in45.5 in
Hazards and air
Natural hazard risk1697.897.3
Hurricane risk1692.896.8
Tornado risk1692.374.8
Wildfire risk1621.773.4
Heat wave risk1696.894.7
Median air quality index174041
Good air days1771.1%72.6%

Data bundle checked 2026-11-14; individual source vintages vary. Rent needed at the 30% line: Franklin Lakes $129,200, Old Field $140,040 a year.

Sources and methods

The small numbers beside each measure point here. Links go to the publisher.

  1. American Community Survey 5-year estimates · US Census Bureau · 2020 to 2024 estimatesTables B01002, B01003, B05002, B07003, B08013, B08301, B15003, B17001, B19013, B19301, B23025, B25002, B25003, B25010, B25035, B25064, B25070, B25077, B25088, B25103, B28002, S2701
  2. Regional Price Parities · US Bureau of Economic Analysis · Latest release, retrieved 2026-11-14
  3. Fair Market Rents · US Department of Housing and Urban Development · Fiscal year 2027
  4. Income Limits · US Department of Housing and Urban Development · Fiscal year 2026
  5. House Price Index · Federal Housing Finance Agency · Latest release, retrieved 2026-11-14
  6. Quarterly Census of Employment and Wages · US Bureau of Labor Statistics · 2025 annual averages
  7. Population Estimates · US Census Bureau · Vintage 2025
  8. SOI Tax Stats, county-to-county migration · Internal Revenue Service · Tax years 2022 to 2023Counts tax returns and the people on them; flows under 20 returns are suppressed.
  9. County Business Patterns · US Census Bureau · 2023 data
  10. OpenStreetMap · © OpenStreetMap contributors, available under the Open Database License (ODbL) · Map data as of 2026-11
  11. National Park Service sites · Wikidata (CC0), units operated by the National Park Service · Retrieved 2026-11
  12. National Register of Historic Places · National Park Service · Listings through 2026-05-22
  13. Crime Data Explorer · Federal Bureau of Investigation · 2025 data
  14. Common Core of Data · National Center for Education Statistics · 2024 release
  15. 1991-2020 climate normals · NOAA National Centers for Environmental Information · Series updated 2026-11-05Averages for 1991 to 2020 computed from NOAA's county climate series (nClimDiv).nClimDiv county series
  16. National Risk Index · Federal Emergency Management Agency · Latest release, retrieved 2026-11-14NRI data and maps
  17. Air Quality System, annual AQI by county · US Environmental Protection Agency · 2025 dataAirData download files

Derived by Citytistics from the tables above: rent to income (B25064, B19013); home price to income (B25077, B19013).

Survey figures are estimates with margins of error. Formulas and definitions: methodology.

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