Franklin Lakes School District

What the Numbers Say About Franklin Lakes School District

Franklin Lakes School District is a small school district in New Jersey, serving 1,163 students at an estimated per-pupil spending of $33,086. Estimated average teacher salary — derived from instructional expenditure variable Z33 divided by teacher FTE — is $185,236, placing the district in the high-investment tier of NCES F-33 respondents. NCES LEAID 3405370 references the FY2022 Common Core of Data Local Education Agency Finance Survey.

Relative to the New Jersey statewide average of $117,603, teacher pay in Franklin Lakes School District runs meaningfully above the state benchmark — a 57.5% gap, and above the national instructional-salary estimate of $82,292 (125.1% differential). Among enrolling districts in New Jersey, it pays more than 99% of them. Licensing reciprocity, collective bargaining strength, and state aid formulas all contribute to where a district lands in these tiers.

On the budget side, Franklin Lakes School District reports $38.5M in total expenditure against $39.7M in revenue, with instructional salaries accounting for 37% of spending — a compensation-to-budget ratio that signals how much of each tax dollar reaches classroom educators. Regular-program teacher salary outlay is $9.2M, special-education teacher pay is $2.8M. These figures are district-level aggregates from F-33, not individual contracts — step-and-column schedules, stipends, and collectively-bargained differentials sit underneath these totals.