Franklin Lakes borough: Poverty Rate Trend
How Franklin Lakes borough's poverty rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
2.2%
2023
3.4%
Total change
+1.2 pp
% change
+54.5%
| Year | Poverty Rate | Change |
|---|---|---|
| 2017 | 2.2% | — |
| 2019 | 0.2% | -2.0 pp (-90.9%) |
| 2020 | 0.7% | +0.5 pp (250%) |
| 2021 | 2.7% | +2.0 pp (285.7%) |
| 2022 | 3.7% | +1.0 pp (37%) |
| 2023 | 3.4% | -0.3 pp (-8.1%) |