Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 37.7 yrs |
|---|---|
| Avg HH Size | 2.52 |
| Below Poverty | 6.0% ▼ 40% below avg |
| College Grads | 52.8% ▲ 36% above avg |
| Unemployment | 4.2% ▼ 15% below avg |
| No HS Diploma | 79 (0.8%) |
| HS Graduate | 2,492 (24.8%) |
| Some College | 965 (9.6%) |
| Associates | 1,201 (12%) |
| Bachelors | 744 (7.4%) |
| Graduate Degree | 4,559 (45.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $96,989 ▲ 27% above avg |
|---|---|
| Median Home Value | $433,200 ▲ 55% above avg |
| Home/Income Ratio | 4.5x (nat avg ~3.5x) |
| Median Rent | $1,483/mo |
| Total Housing Units | 5,970 |
| Vacant Units | 123 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Budd Lake is a city in New Jersey, located in Morris County. The city spans 1 ZIP code and is home to approximately 14,723 residents. It is a relatively young city, with a median age of 37.7 years.
Economically, Budd Lake is a middle-income community. The median household income of $96,989 is above the national average. Approximately 6.0% of residents live below the poverty line. The unemployment rate is 4.2%, near the national average.
The real estate market in Budd Lake is a premium housing market. Median home values stand at $433,200, which is significantly above the national average. Renters typically pay around $1,483 per month.
The population of Budd Lake is well-educated. 52.8% of adults hold a bachelor's degree or higher — above the national average. The community is majority White (58.28%).
Budd Lake, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 07828 | 14,723 | $96,989 | $433,200 | $1,483 | 4.2% | 52.8% | 54.4% |