Also See: Budd Lake, NJ ZIP Codes & ZIP Code Maps | Local Area Photos
The Budd Lake Census Designated Place had a population of 9,598 as of July 1, 2018.
The primary coordinate point for Budd Lake is located at latitude 40.8735 and longitude -74.7368 in Morris County. The formal boundaries for the Budd Lake Census Designated Place (see map below) 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 (GNIS ID: 2389258) 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 | 9,598 |
| Population in Households | 9,585 |
| Population in Familes | 8,070 |
| Population in Group Qrtrs | 13 |
| Population Density2 | 1,763 |
| Diversity Index3 | 56 |
INCOME | |
| Median Household Income | $86,525 |
| Average Household Income | $112,971 |
| Per Capita Income | $41,962 |
HOUSING | |
|---|---|
| Total Housing Units | 3,605 (100%) |
| Owner Occupied HU | 2,006 (55.6%) |
| Renter Occupied HU | 1,415 (39.3%) |
| Vacant Housing Units | 183 ( 5.1%) |
| Median Home Value | $411,886 |
| Average Home Value | $383,026 |
HOUSEHOLDS | |
| Total Households | 3,422 |
| Average Household Size | 2.8 |
| Family Households | 2,407 |
| Average Family Size | 3 |
GROWTH RATE / YEAR |
2010-2018 | 2018-2023 |
|---|---|---|
| Population | 0.83% | 0.51% |
| Households | 0.69% | 0.43% |
| Families | 0.11% | 0.48% |
| Median Household Income | 2.54% | |
| Per Capita Income | 2.91% |
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, 2018 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 | # 355 | 35th |
| Diversity Index | # 186 | 66th |
| Median Household Income | # 234 | 57th |
| Per Capita Income | # 248 | 55th |
Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.
