Budd Lake, NJ

Census Place

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2023 Population

10,106

1.23% 1-year growth

US Senator

Cory Booker

Democratic Party

US Senator

Andy Kim

Democratic Party

2023 Median Age

36.9

1.07% 1-year decrease

2023 Poverty Rate

5.68%

1.39% 1-year decrease

2023 Median Household Income

$113,036

13.8% 1-year growth

2023 Median Property Value

$437,200

13.4% 1-year growth

2023 Employed Population

5,562

3.13% 1-year growth

About

In 2023, Budd Lake, NJ had a population of 10.1k people with a median age of 36.9 and a median household income of $113,036. Between 2022 and 2023 the population of Budd Lake, NJ grew from 9,983 to 10,106, a 1.23% increase and its median household income grew from $99,303 to $113,036, a 13.8% increase.

The 5 largest ethnic groups in Budd Lake, NJ are White (Non-Hispanic) (55.9%), White (Hispanic) (9.04%), Two+ (Hispanic) (8.77%), Black or African American (Non-Hispanic) (8.58%), and Other (Hispanic) (7.08%).

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 2023, the median property value in Budd Lake, NJ was $437,200, and the homeownership rate was 73.9%.

Most people in Budd Lake, NJ drove alone to work, and the average commute time was 32 minutes. The average car ownership in Budd Lake, NJ was 2 cars per household.

United States New Jersey Morris County, NJ New York-Newark-Jersey City, NY-NJ-PA Morris County (West) PUMA, NJ

Population & Diversity

Budd Lake, NJ is home to a population of 10.1k people, from which 93.5% are citizens. As of 2023, 20.6% of Budd Lake, NJ residents were born outside of the country (2.08k people).

In 2023, there were 6.18 times more White (Non-Hispanic) residents (5.65k people) in Budd Lake, NJ than any other race or ethnicity. There were 914 White (Hispanic) and 886 Two+ (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

93.5%

2023 Citizenship

93.5%

2022 Citizenship

As of 2023, 93.5% of Budd Lake, NJ residents were US citizens, which is higher than the national average of 93.4%. In 2022, the percentage of US citizens in Budd Lake, NJ was 93.5%, 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)
5.65k ± 858
White (Hispanic)
914 ± 471
Two+ (Hispanic)
886 ± 398

25.1%

Hispanic Population

2.54k people

25.1% of the people in Budd Lake, NJ are hispanic (2.54k people).

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

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for New Jersey.

Most Common Origin

India
273,669 ± 12,652 people
Dominican Republic
204,992 ± 10,992 people
Mexico
104,320 ± 7,885 people

In 2022, the most common birthplace for the foreign-born residents of New Jersey was India, the natal country of 273,669 New Jersey residents, followed by Dominican Republic with 204,992 and Mexico with 104,320.

Foreign-Born Population

20.6%

2023 Foreign-Born Population

2.08k people

20.2%

2022 Foreign-Born Population

2.02k people

As of 2023, 20.6% of Budd Lake, NJ residents (2.08k people) were born outside of the United States, which is higher than the national average of 13.8%. In 2022, the percentage of foreign-born citizens in Budd Lake, NJ was 20.2%, meaning that the rate has been increasing.

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
100 ± 66
Gulf War (1990s)
49 ± 47
Korea
16 ± 30

Budd Lake, NJ has a large population of military personnel who served in Vietnam, 2.04 times greater than any other conflict.

Economy

The economy of Budd Lake, NJ employs 5.56k people. The largest industries in Budd Lake, NJ are Manufacturing (778 people), Health Care & Social Assistance (687 people), and Retail Trade (640 people), and the highest paying industries are Wholesale Trade ($183,500), Professional, Scientific, & Technical Services ($103,542), and Public Administration ($94,911).

Males in New Jersey have an average income that is 1.36 times higher than the average income of females, which is $77,965. The income inequality in New Jersey (measured using the Gini index) is 0.489, which is higher than than the national average.

Employment

Occupations

5.56k

2023 Value

± 640

3.13%

1 Year growth

± 15.7%

From 2022 to 2023, employment in Budd Lake, NJ grew at a rate of 3.13%, from 5.39k employees to 5.56k employees.

The most common job groups, by number of people living in Budd Lake, NJ, are Management Occupations (1,014 people), Education Instruction, & Library Occupations (592 people), and Office & Administrative Support Occupations (509 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 New Jersey (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

5.56k

2023 Value

± 640

3.13%

1 Year growth

± 15.7%

From 2022 to 2023, employment in Budd Lake, NJ grew at a rate of 3.13%, from 5.39k employees to 5.56k employees.

The most common employment sectors for those who live in Budd Lake, NJ, are Manufacturing (778 people), Health Care & Social Assistance (687 people), and Retail Trade (640 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

$75,670

Median earning men ± $10,440

$43,798

Median earning women ± $9,893

The industries with the best median earnings for men in 2023 are Wholesale Trade ($124,338), Finance & Insurance, & Real Estate & Rental & Leasing ($120,764), and Public Administration ($94,577).

The industries with the best median earnings for women in 2023 are Manufacturing ($118,160), Public Administration ($102,222), and Professional, Scientific, & Management, & Administrative & Waste Management Services ($73,281).

Employment by Industry Sector

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

Y-Axis

2.27%

Year-over-year growth

Employment change between February 2022 and February 2023

As of February 2023, there are 4.24M people employed in New Jersey. This represents a 2.27% increase in employment when compared to February 2022.

Right after the beginning of the COVID-19 pandemic, during April 2020, a general dip can be seen across industry sectors, resulting in an overall decline in employment by 16.5%.

The following chart shows monthly employment numbers for each industry sector in New Jersey.

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 $437,200 in 2023, which is 1.44 times larger than the national average of $303,400. Between 2022 and 2023 the median property value increased from $385,700 to $437,200, a 13.4% increase. The homeownership rate in Budd Lake, NJ is 73.9%, which is approximately the same as the national average of 65%.

People in Budd Lake, NJ have an average commute time of 32 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.

Housing

Property

$437,200

Median Property Value 2023

±$15,957

$2,676

Median Property Taxes

±$378

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

73.9%

Homeownership

2023

62.9%

Homeowners with Mortgage

2023

In 2023, 73.9% of the housing units in Budd Lake, NJ were occupied by their owner. This percentage declined from the previous year's rate of 75.1%.

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.

$113,036

Median Household Income

± $13,405

3.62k

Number of Households

± 484

In 2023, the median household income of the 3.62k households in Budd Lake, NJ grew to $113,036 from the previous year's value of $99,303.

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 New Jersey.

0.489

2022 Wage GINI in New Jersey

0.49

2021 Wage GINI in New Jersey

In 2022, the income inequality in New Jersey was 0.489 according to the GINI calculation of the wage distribution. Income inequality had a 0.278% decline from 2021 to 2022, which means that wage distribution grew somewhat more even. The GINI for New Jersey was higher than than the national average of 0.478. In other words, wages are distributed less evenly in New Jersey in comparison to the national average.

This chart shows the number of workers in New Jersey across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2023

Drove Alone (74.5%)
Worked At Home (18.4%)
Carpooled (5.93%)

In 2023, 74.5% of workers in Budd Lake, NJ drove alone to work, followed by those who worked at home (18.4%) and those who carpooled to work (5.93%).

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

32 minutes

Average Travel Time

Using averages, employees in Budd Lake, NJ have a longer commute time (32 minutes) than the normal US worker (26.6 minutes). Additionally, 4.59% 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

5.68% of the population for whom poverty status is determined in Budd Lake, NJ (574 out of 10.1k people) live below the poverty line, a number that is lower than the national average of 12.4%. 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

94.7% of the population of Budd Lake, NJ has health coverage, with 70.6% on employee plans, 8.62% on Medicaid, 9.45% on Medicare, 5.88% on non-group plans, and 0.158% on military or VA plans.

Primary care physicians in Morris County, NJ see 990 patients per year on average, which represents a 2.27% increase from the previous year (968 patients). Compare this to dentists who see 873 patients per year, and mental health providers who see 323 patients per year.

Coverage

Patient to Clinician Ratios

Data is only available at the country level. Showing data for Morris County, NJ.

990 to 1

Patient to Primary Care Physician Ratio in Morris County, NJ

Primary care physicians in Morris County, NJ see an average of 990 patients per year. This represents a 2.27% increase from the previous year (968 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in Morris County, NJ in comparison to its neighboring geographies.

Health Care Diversity

In 2023, insured persons according to age ranges were distributed in 28% under 18 years, 19.8% between 18 and 34 years, 40.8% between 35 and 64 years, and 11.3% over 64 years.

By gender, of the total number of insured persons, 51.2% were men and 48.8% were women.

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

Uninsured People

5.25%

Uninsured

70.6%

Employer Coverage

8.62%

Medicaid

9.45%

Medicare

5.88%

Non-Group

0.158%

Military or VA

Between 2022 and 2023, the percent of uninsured citizens in Budd Lake, NJ grew by 27.3% from 4.13% to 5.25%.

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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