Budd Lake, NJ

Census Place

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2022 Population

9,983

0.12% 1-year growth

2022 Median Age

37.3

0.533% 1-year decrease

2022 Poverty Rate

5.76%

24.1% 1-year decrease

2022 Median Household Income

$99,303

1.61% 1-year growth

2022 Median Property Value

$385,700

5.9% 1-year growth

About

In 2022, Budd Lake, NJ had a population of 9.98k people with a median age of 37.3 and a median household income of $99,303. Between 2021 and 2022 the population of Budd Lake, NJ grew from 9,971 to 9,983, a 0.12% increase and its median household income grew from $97,728 to $99,303, a 1.61% increase.

The 5 largest ethnic groups in Budd Lake, NJ are White (Non-Hispanic) (58.5%), White (Hispanic) (10.6%), Black or African American (Non-Hispanic) (8.93%), Asian (Non-Hispanic) (7.1%), and Other (Hispanic) (5.66%).

None of the households in Budd Lake, NJ reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

93.5% of the residents in Budd Lake, NJ are U.S. citizens.

In 2022, the median property value in Budd Lake, NJ was $385,700, and the homeownership rate was 75.1%.

Most people in Budd Lake, NJ drove alone to work, and the average commute time was 31.7 minutes. The average car ownership in Budd Lake, NJ was 2 cars per household.

United States

Population & Diversity

Budd Lake, NJ is home to a population of 9.98k people, from which 93.5% are citizens. As of 2022, 20.2% of Budd Lake, NJ residents were born outside of the country (2.02k people).

In 2022, there were 5.52 times more White (Non-Hispanic) residents (5.84k people) in Budd Lake, NJ than any other race or ethnicity. There were 1.06k White (Hispanic) and 891 Black or African American (Non-Hispanic) residents, the second and third most common ethnic groups.

Citizenship

93.5%

2022 Citizenship

94%

2021 Citizenship

As of 2022, 93.5% of Budd Lake, NJ residents were US citizens, which is higher than the national average of 93.5%. In 2021, the percentage of US citizens in Budd Lake, NJ was 94%, meaning that the rate of citizenship has been decreasing.

The following chart shows US citizenship percentages in Budd Lake, NJ compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Budd Lake, NJ

White (Non-Hispanic)
5.84k ± 785
White (Hispanic)
1.06k ± 470
Black or African American (Non-Hispanic)
891 ± 412

21.6%

Hispanic Population

2.15k people

21.6% of the people in Budd Lake, NJ are hispanic (2.15k people).

The following chart shows the 7 races represented in Budd Lake, NJ as a share of the total population.

Foreign-Born Population

20.2%

2022 Foreign-Born Population

2.02k people

20.5%

2021 Foreign-Born Population

2.05k people

As of 2022, 20.2% of Budd Lake, NJ residents (2.02k people) were born outside of the United States, which is higher than the national average of 13.6%. In 2021, the percentage of foreign-born citizens in Budd Lake, NJ was 20.5%, meaning that the rate has been decreasing.

The following chart shows the percentage of foreign-born residents in Budd Lake, NJ compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Vietnam
140 ± 76
Korea
44 ± 46
Gulf War (1990s)
33 ± 37

Budd Lake, NJ has a large population of military personnel who served in Vietnam, 3.18 times greater than any other conflict.

Economy

The economy of Budd Lake, NJ employs 5.39k people. The largest industries in Budd Lake, NJ are Retail Trade (714 people), Health Care & Social Assistance (701 people), and Manufacturing (647 people), and the highest paying industries are Wholesale Trade ($175,114), Finance & Insurance ($116,206), and Finance & Insurance, & Real Estate & Rental & Leasing ($115,461).

Employment

Occupations

5.39k

2022 Value

± 615

0.372%

1 Year growth

± 16.2%

From 2021 to 2022, employment in Budd Lake, NJ grew at a rate of 0.372%, from 5.37k employees to 5.39k employees.

The most common job groups, by number of people living in Budd Lake, NJ, are Management Occupations (848 people), Education Instruction, & Library Occupations (625 people), and Sales & Related Occupations (500 people). This chart illustrates the share breakdown of the primary jobs held by residents of Budd Lake, NJ.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for false.

This chart shows weekly unemployment insurance claims in the United States (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

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Industries

Employment by Industries

5.39k

2022 Value

± 615

0.372%

1 Year growth

± 16.2%

From 2021 to 2022, employment in Budd Lake, NJ grew at a rate of 0.372%, from 5.37k employees to 5.39k employees.

The most common employment sectors for those who live in Budd Lake, NJ, are Retail Trade (714 people), Health Care & Social Assistance (701 people), and Manufacturing (647 people). This chart shows the share breakdown of the primary industries for residents of Budd Lake, NJ, though some of these residents may live in Budd Lake, NJ and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$69,367

Median earning men ± $5,617

$40,577

Median earning women ± $7,076

The industries with the best median earnings for men in 2022 are Finance & Insurance, & Real Estate & Rental & Leasing ($137,417), Wholesale Trade ($119,013), and Public Administration ($90,860).

The industries with the best median earnings for women in 2022 are Manufacturing ($113,491), Arts, Entertainment, & Recreation, & Accommodations & Food Services ($70,000), and Public Administration ($67,500).

Civics

are the senators currently representing the state of the United States. In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming is currently represented by 435 members in the U.S. house, and members of the House of Representives are elected to 2-year terms.

Senator Elections

US Senators from the United States

Senator from N/AN/A

N/AN/A
N/A
N/AN/A
N/A

are the senators currently representing the United States.

In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

The following chart shows elected senators in the United States over time, excluding special elections, colored by their political party.

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US Representative Elections

US Representatives from Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming

Members of the House of Representives are elected to 2-year terms, and the following chart shows the how the members for Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming have changed over time starting in 2008.

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Education

Completions

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

Working Population

Educational Pyramid

Data is only available at the state level. Showing data for New Jersey.

Measure

In 2022, 1.15% of men over 25 years of age had not completed any academic degree (no schooling), while 1.13% of women were in the same situation.

This visualization shows the gender distribution of the population according to the academic level reached.

Educational Attainment

Data is only available at the state level. Showing data for New Jersey.

Race

The most common educational levels obtained by the working population in 2022 were High School or Equivalent (1.92M), Bachelors Degree (1.77M), and Some college (1.3M).

This visualization illustrates the percentage distribution of the population according to the highest educational level reached. You can filter the data by race by using the selector above.

Housing & Living

The median property value in Budd Lake, NJ was $385,700 in 2022, which is 1.37 times larger than the national average of $281,900. Between 2021 and 2022 the median property value increased from $364,200 to $385,700, a 5.9% increase. The homeownership rate in Budd Lake, NJ is 75.1%, which is approximately the same as the national average of 64.8%.

People in Budd Lake, NJ have an average commute time of 31.7 minutes, and they drove alone to work. Car ownership in Budd Lake, NJ is approximately the same as the national average, with an average of 2 cars per household.

Property

$385,700

Median Property Value 2022

±$26,155

$2,664

Median Property Taxes

±$390

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Budd Lake, NJ the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Budd Lake, NJ compared to it's parent and neighbor geographies.

Rent vs Own

75.1%

Homeownership

2022

61.9%

Homeowners with Mortgage

2022

In 2022, 75.1% of the housing units in Budd Lake, NJ were occupied by their owner. This percentage declined from the previous year's rate of 76.6%.

This chart shows the percentage of owner in Budd Lake, NJ compared it's parent and neighboring geographies.

Equity

Income by Location

Use the dropdown to filter by race/ethnicity.

Race/Ethnicity

The following map shows all of the places in Budd Lake, NJ colored by their Median Household Income (Total).

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$99,303

Median Household Income

± $12,733

3.55k

Number of Households

± 460

In 2022, the median household income of the 3.55k households in Budd Lake, NJ grew to $99,303 from the previous year's value of $97,728.

The following chart displays the households in Budd Lake, NJ distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $200k+ range.

Wage Distribution

The closest comparable wage GINI for Budd Lake, NJ is from Budd Lake, NJ.

N/A Wage GINI in N/A

In N/A, the income inequality in N/A was N/A according to the GINI calculation of the wage distribution. Income inequality had a N/A N/A from N/A to N/A, which means that wage distribution grew somewhat N/A even. The GINI for N/A was N/A than the national average of 0.478. In other words, wages are distributed N/A evenly in N/A in comparison to the national average.

This chart shows the number of workers in Budd Lake, NJ across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2022

Drove Alone (77.9%)
Worked At Home (15.5%)
Carpooled (5.7%)

In 2022, 77.9% of workers in Budd Lake, NJ drove alone to work, followed by those who worked at home (15.5%) and those who carpooled to work (5.7%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

31.7 minutes

Average Travel Time

Using averages, employees in Budd Lake, NJ have a longer commute time (31.7 minutes) than the normal US worker (26.7 minutes). Additionally, 3.82% of the workforce in Budd Lake, NJ have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Budd Lake, NJ compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Budd Lake, NJ distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Budd Lake, NJ have 2 cars.

Poverty

Poverty & Diversity

5.76% of the population for whom poverty status is determined in Budd Lake, NJ (575 out of 9.98k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 35 - 44, followed by Females 25 - 34 and then Females 6 - 11.

The most common racial or ethnic group living below the poverty line in Budd Lake, NJ is White, followed by Hispanic and Other.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals
Florida
4,915 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798. New York has the second highest (5,087), followed by Florida (4,915).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

Health

95.9% of the population of Budd Lake, NJ has health coverage, with 68.1% on employee plans, 9.79% on Medicaid, 10.2% on Medicare, 7.47% on non-group plans, and 0.25% on military or VA plans.

Coverage

Health Care Diversity

In 2022, insured persons according to age ranges were distributed in 27% under 18 years, 20% between 18 and 34 years, 41.5% between 35 and 64 years, and 11.5% over 64 years.

By gender, of the total number of insured persons, 53.3% were men and 46.7% were women.

The following chart shows the number of people with health coverage by gender.

Uninsured People

4.13%

Uninsured

68.1%

Employer Coverage

9.79%

Medicaid

10.2%

Medicare

7.47%

Non-Group

0.25%

Military or VA

Between 2021 and 2022, the percent of uninsured citizens in Budd Lake, NJ declined by 2.95% from 4.25% to 4.13%.

The following chart shows how the percent of uninsured individuals in Budd Lake, NJ changed over time compared with the percent of individuals enrolled in various types of health insurance.

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