Franklin Lakes, NJ's Data
About Franklin Lakes, NJ's
Franklin Lakes borough is nestled in Bergen County, New Jersey, and is known for its affluent residential community and scenic landscapes. Established in 1922, the borough is characterized by large homes and expansive lots, reflecting its historical development as a prime area for luxurious estates. Its proximity to New York City makes it a favored location for commuters seeking a quiet suburban life with easy access to urban amenities.
City: Franklin Lakes
State: New Jersey
Country: United States
Population: Approximately 11,000
Number of Ongoing Class I Recalls: 0
Number of Ongoing Class II Recalls: 0
Number of Ongoing Class III Recalls: 0
Company With Most Recalls: No Recalls
Things To Do in Franklin Lakes, NJ
Hike: Here are a couple of local trails to check out!
Local Attractions in Franklin Lakes, NJ
Franklin Lakes Nature Preserve - A serene environment offering walking trails, a lake for fishing, and abundant wildlife.
High Mountain Park Preserve - Nearby park featuring hiking trails with views of the Manhattan skyline.
Lorrimer Sanctuary - Managed by the New Jersey Audubon Society, this sanctuary provides guided tours and educational programs focused on local wildlife and conservation.
Urban Farms Shopping Center - A shopping destination that caters to the upscale needs of Franklin Lakes residents.
The McBride House - A historic house that serves as a symbol of the borough's rich architectural heritage.
The Economy of Franklin Lakes, NJ
The economy of Franklin Lakes is primarily driven by its residential nature, with a significant portion of its workforce commuting to New York City for employment. The local economy benefits from a high median household income, which supports a range of local businesses and services tailored to the needs of its affluent residents. Additionally, the borough is home to the corporate headquarters of Becton Dickinson, a leading global medical technology company, contributing to its economic stability and providing employment opportunities.
Franklin Lakes, NJ Inflation
Understanding the BLS and Inflation in Franklin Lakes, NJ
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Franklin Lakes, NJ. One of its key responsibilities is tracking inflation through the Consumer Price Index (CPI), which measures how the cost of everyday goods and services changes over time. Inflation can impact everything from housing prices to the cost of groceries, gas, and utilities across the area. By tracking inflation, the BLS helps people from Franklin Lakes, NJ understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Franklin Lakes, NJ using the CPI, highlighting how prices have changed over time. The x-axis represents time (months and years), while the y-axis represents price levels. If the graph moves upward, it means the cost of living is rising, which can affect everything from rent to gas prices. A flatter or downward trend suggests that inflation is stabilizing or decreasing. Keeping an eye on inflation is important for people from Franklin Lakes, NJ when budgeting for housing, wages, and daily expenses. You can hover over the graph to see exact values for each month and check the "Most Recently Updated" label to ensure you’re viewing the latest available data.
Company Recall Data in Franklin lakes, NJ
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