New Jersey Gazetteer
Also See: Budd Lake, NJ ZIP Codes & ZIP Code Maps
The Budd Lake CDP(1) had a population of 9,474 as of July 1, 2021.
The primary coordinate point for Budd Lake is located at latitude 40.8712 and longitude -74.7341 in Morris County. The formal boundaries for the Budd Lake Census Designated Place encompass a land area of 5.44 sq. miles and a water area of 0.98 sq. miles. Morris County is in the Eastern time zone (GMT -5). The elevation is 955 feet.
The Budd Lake Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.
The Budd Lake Census Designated Place is located within Township of Mount Olive, a minor civil division (MCD) of Morris County.
Alternate Unofficial Names for Budd Lake: Buddlake, Budds Lake, Budd's Lake.
POPULATION | |
|---|---|
| Total Population | 9,474 (100%) |
| Population in Households | 9,462 (99.9%) |
| Population in Families | 7,911 (83.5%) |
| Population in Group Quarters1 | 12 ( 0.1%) |
| Population Density | 1,740 |
| Diversity Index2 | 58 |
INCOME | |
| Median Household Income | $86,399 |
| Average Household Income | $121,219 |
| % of Income for Mortgage4 | 17% |
| Per Capita Income | $45,934 |
| Wealth Index5 | 124 |
HOUSING | |
|---|---|
| Total HU (Housing Units) | 3,680 (100%) |
| Owner Occupied HU | 1,975 (53.7%) |
| Renter Occupied HU | 1,452 (39.5%) |
| Vacant Housing Units | 252 ( 6.8%) |
| Median Home Value | $353,600 |
| Average Home Value | $393,497 |
| Housing Affordability Index3 | 105 |
HOUSEHOLDS | |
| Total Households | 3,428 |
| Average Household Size | 2.76 |
| Family Households | 2,405 |
| Average Family Size | 3 |
GROWTH RATE / YEAR |
2010-2021 | 2021-2026 |
|---|---|---|
| Population | 0.49% | 0.57% |
| Households | 0.52% | 0.55% |
| Families | 0.07% | 0.62% |
| Median Household Income | 3.17% | |
| Per Capita Income | 2.55% | |
| Owner Occupied HU | 1.22% |
The table below compares Budd Lake to the other 545 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2021 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
| Variable Description | Rank | Percentile |
|---|---|---|
| Total Population | # 148 | 73rd |
| Population Density | # 356 | 35th |
| Median Household Income | # 286 | 48th |
| Housing Affordability Index | # 171 | 31st |
| Per Capita Income | # 256 | 53rd |
| Diversity Index | # 186 | 66th |
Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.
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