Franklin Lakes is a borough in Bergen County, New Jersey, United States. As of the 2000 Census, Franklin Lakes had the 18th-highest per-capita income of all 566 municipalities in the state. Nationwide, Franklin Lakes ranked 17th among the highest-income places in the United States with a population of at least 10,000. Becton Dickinson, a Fortune 500 company, is headquartered in Franklin Lakes.
Franklin Lakes was formed by an act of the New Jersey Legislature on March 11, 1922, from portions of Franklin Township, based on the results of a referendum held on April 11, 1922. The borough was named for William Franklin, the illegitimate son of Benjamin Franklin, a steadfast Loyalist who served as the last colonial Governor of New Jersey. In 2010, Forbes.com listed Franklin Lakes as 146th in its listing of “America’s Most Expensive ZIP Codes”, with a median home price of $1,306,546.
Franklin Lakes hosts the corporate headquarters of Becton Dickinson, the medical technology firm founded in 1897. Medco Health Solutions, a leading pharmacy benefit manager, was based here until it was acquired by Express Scripts, another PBM, in 2012. Urban Farms Shopping Center is a major shopping center in the community. Franklin Lakes has The Market Basket, a supermarket/bakery/catering store.
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