Also See: Budd Lake, NJ ZIP Codes & ZIP Code Maps
The Budd Lake Census Designated Place had a population of 9,685 as of July 1, 2020.
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 (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.
Alternate Unofficial Names for Budd Lake: Buddlake, Budds Lake, Budd's Lake.
|Total Population||9,685 (100%)|
|Population in Households||9,672 (99.9%)|
|Population in Families||8,103 (83.7%)|
|Population in Group Quarters1||13 ( 0.1%)|
|Median Household Income||$97,015|
|Average Household Income||$125,593|
|% of Income for Mortgage4||14%|
|Per Capita Income||$47,074|
|Total HU (Housing Units)||3,679 (100%)|
|Owner Occupied HU||1,988 (54.0%)|
|Renter Occupied HU||1,485 (40.4%)|
|Vacant Housing Units||205 ( 5.6%)|
|Median Home Value||$331,209|
|Average Home Value||$361,160|
|Housing Affordability Index3||127|
|Average Household Size||2.78|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||2.33%|
|Per Capita Income||2.22%|
|Owner Occupied HU||1.27%|
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, 2020 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.
|Total Population||# 145||74th|
|Population Density||# 354||35th|
|Median Household Income||# 213||61st|
|Housing Affordability Index||# 275||50th|
|Per Capita Income||# 224||59th|
|Diversity Index||# 183||67th|
Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.