Living in Budd Lake, New Jersey
Cost of living, income, home prices, rent and demographics of Budd Lake · Census data 2020–2024
Budd Lake has 10,650 residents with a median age of 36.9. The median household income is $114,154 (10% higher than the New Jersey median), the median home value is $456,100, the median rent is $1,402/month.
Budd Lake at a glance
- Population
- 10,650
- Median age
- 36.9State: 40.1
- Median household income
- $114,154State: $103,556
- Median home value
- $456,100State: $454,400
- Median rent
- $1,402/moState: $1,720
- Homeowners
- 74.8%
- Bachelor's degree or higher
- 45.3%
- Average commute
- 30 min
Is Budd Lake a good place to live?
Pros: Median household income 10% higher than the New Jersey median; an average commute of 30 minutes; a poverty rate of 4.6%.
Cons: Home values about the same as the state median; unemployment of 6.4%.
The weather is best in June to September.
Cost of living in Budd Lake
Housing is the biggest part of the cost of living. In Budd Lake the median home value is $456,100, 37% higher than the U.S. median. Renters pay a median of $1,402 per month, which is 24.2% of household income. Homeowners with a mortgage pay $2,884 a month in housing costs.
Budd Lake median household income
The median household income in Budd Lake is $114,154 and the income per person is $51,420. 4.6% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Budd Lake: homes for sale and rent
- Housing units
- 3,734
- Owner-occupied
- 74.8%
- Renter-occupied
- 25.2%
- Vacant
- 0.7%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.87
Budd Lake demographics
- Population
- 10,650
- Median age
- 36.9
- Under 18
- 28.2%
- 65 and older
- 11.1%
- Households
- 3,708
- Foreign-born
- 22.1%
- Veterans
- 2.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Budd Lake ›
Education in Budd Lake
45.3% of adults 25 and older in Budd Lake have a bachelor's degree or higher (New Jersey: 43.6%), and 18.3% have a graduate or professional degree.
Jobs and commute in Budd Lake
- Unemployment rate
- 6.4%State: 6.3%
- Average commute
- 30 minState: 31 min
- Work from home
- 19.1%
- Drive alone
- 72.6%
- Public transit
- 0.7%
- Walk to work
- 0%
- Homes with broadband
- 95.6%
Budd Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Budd Lake | 10,650 | $114,154 | $456,100 | $1,402 |
| Mount Olive | 29,149 | $117,394 | $487,100 | $1,697 |
| Flanders | 8,809 | $147,367 | $552,900 | $1,862 |
| Netcong | 3,659 | $83,958 | $346,100 | $1,432 |
| Stanhope | 3,552 | $139,205 | $376,700 | $1,964 |
| Port Morris | 858 | $69,067 | $410,100 | $1,470 |
| Ledgewood | 5,377 | $135,912 | $460,900 | $2,186 |
| Byram Center | 2,188 | $132,857 | $366,900 | $1,526 |
| Succasunna | 9,799 | $161,712 | $529,100 | $2,516 |
More for people moving to Budd Lake
Budd Lake ZIP code ›Weather and climate ›Living in Budd Lake: FAQ
What is the median household income in Budd Lake, NJ?
The median household income in Budd Lake is $114,154, 10% higher than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Budd Lake?
The median home value in Budd Lake is $456,100, compared with $454,400 in New Jersey.
How much is rent in Budd Lake?
The median gross rent in Budd Lake is $1,402 per month, about 24.2% of household income.
Is Budd Lake, NJ a good place to live?
Pluses: median household income 10% higher than the New Jersey median; an average commute of 30 minutes; a poverty rate of 4.6%. Minuses: home values about the same as the state median; unemployment of 6.4%.
What is the median age in Budd Lake?
The median age in Budd Lake is 36.9 years (New Jersey: 40.1).
How long is the commute in Budd Lake?
The average commute to work in Budd Lake is 30 minutes; 19.1% of workers work from home.
What is the unemployment rate in Budd Lake?
The unemployment rate in Budd Lake is 6.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Budd Lake?
45.3% of adults in Budd Lake have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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