Budd Lake, NJ
Population 10,106 · New Jersey
About Budd Lake, NJ
Budd Lake is a mid-sized city located in New Jersey with a population of 10,106 residents according to the latest US Census Bureau American Community Survey data. The median household income is $113,036 per year, which is 50% above the national median of $75,149. The median age of 36.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Budd Lake features a median home value of $437,200, which is 79% above the national median of $244,900. This places Budd Lake in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,326, 14% above the national average of $1,163/month. Of the 3,652 total housing units, 74% are owner-occupied (2,676 units) and 26% are renter-occupied (944 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Budd Lake shows an unemployment rate of 5.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 5.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Budd Lake have an average one-way commute time of 32 minutes.
Education & Demographics
47.9% of Budd Lake residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.4% White, 0.6% Hispanic or Latino, 8.3% Black or African American, and 15.4% Asian residents, with 20.6% of the population being foreign-born.
Cost of Living in Budd Lake, NJ
Compared to national averages, Budd Lake has a median household income of $113,036 (50% above the national median of $75,149). Home values average $437,200, which is 79% above the national median. Monthly rent at $1,326 is 14% above the US average of $1,163. Within New Jersey, Budd Lake's income is 2% below the state average of $115,667, and home values are 7% below the state median of $469,644.
Why Live in Budd Lake, NJ?
Budd Lake offers a strong local economy with a median household income of $113,036, well above the national average, and a well-educated community where 47.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.7%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $437,200. However, Budd Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Budd Lake has a population of 10,106 with a median age of 36.9 years. Compare Budd Lake with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Budd Lake
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wood-Ridge | 10,094 | $131,412 | $532,900 | Compare |
| Waldwick | 10,090 | $155,526 | $576,200 | Compare |
| Hillsdale | 10,086 | $169,862 | $656,800 | Compare |
| Hackettstown | 10,143 | $91,250 | $337,100 | Compare |
| East Rutherford | 10,154 | $91,789 | $453,500 | Compare |
| Brookdale | 10,044 | $150,489 | $527,200 | Compare |
| Maywood | 10,042 | $119,306 | $495,700 | Compare |
| White Horse | 10,040 | $100,896 | $274,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Budd Lake With Other Cities
Frequently Asked Questions about Budd Lake
What is the population of Budd Lake, NJ?
The population of Budd Lake, NJ is 10,106 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in New Jersey.
What is the median household income in Budd Lake?
The median household income in Budd Lake, NJ is $113,036 per year, which is 50% above the national median of $75,149.
What is the median home value in Budd Lake?
The median home value in Budd Lake, NJ is $437,200, which is 79% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Budd Lake?
The median monthly rent in Budd Lake, NJ is $1,326, which is 14% above the national average of $1,163/month.
What is the unemployment rate in Budd Lake?
The unemployment rate in Budd Lake, NJ is 5.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Budd Lake, NJ a good place to live?
Budd Lake offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 10,106 and a median age of 36.9, the city appeals to a broad range of residents.
How educated is Budd Lake, NJ?
47.9% of residents in Budd Lake aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Budd Lake?
Key cost-of-living indicators for Budd Lake, NJ: median home value is $437,200 (79% above national), median rent is $1,326/month, and median household income is $113,036. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Budd Lake?
The poverty rate in Budd Lake, NJ is 5.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Budd Lake, NJ?
Budd Lake's population is 0.4% White, 0.6% Hispanic or Latino, 8.3% Black or African American, 15.4% Asian, and 8.6% two or more races. 20.6% of residents are foreign-born.