Also See: Budd Lake, NJ ZIP Codes & ZIP Code Maps | Local Area Photos
The Budd Lake Census Designated Place had a population of 9,618 as of July 1, 2019.
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.
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.
Also See: Nearby Photos | Nearby Hotels | Driving Directions
HOUSING AFFORDABILITY INDEX | |
|---|---|
| Budd Lake, NJ Housing Affordability Index is 125 State of New Jersey Housing Affordability Index is 91 | |
| The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability. | |
WEALTH INDEX | |
|---|---|
| Budd Lake, NJ Wealth Index is 141 State of New Jersey Wealth Index is 148 | |
| The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level. | |
These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.
More Tools and Resources:
POPULATION | |
|---|---|
| Total Population | 9,618 |
| Population in Households | 9,605 |
| Population in Families | 8,059 |
| Population in Group Qrtrs | 13 |
| Population Density | 1,767 |
| Diversity Index1 | 57 |
INCOME | |
| Median Household Income | $103,079 |
| Average Household Income | $126,741 |
| Per Capita Income | $47,155 |
| Wealth Index3 | 141 |
HOUSING | |
|---|---|
| Total Housing Units | 3,627 (100%) |
| Owner Occupied HU | 1,960 (54.0%) |
| Renter Occupied HU | 1,467 (40.4%) |
| Vacant Housing Units | 200 ( 5.5%) |
| Median Home Value | $319,634 |
| Housing Affordability Index2 | 125 |
HOUSEHOLDS | |
| Total Households | 3,427 |
| Average Household Size | 2.8 |
| Family Households | 2,420 |
| Average Family Size | 3 |
GROWTH RATE / YEAR | 2010-2019 | 2019-2024 |
|---|---|---|
| Population | 0.76% | 0.95% |
| Households | 0.64% | 0.83% |
| Families | 0.16% | 0.96% |
| Median Household Income | 2.9% | |
| Per Capita Income | 3.24% |
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, 2019 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 | # 354 | 35th |
| Diversity Index | # 182 | 67th |
| Median Household Income | # 168 | 69th |
| Per Capita Income | # 211 | 61st |
Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.
