Budd Lake

Population: 10,106
Median household income: $113,036
Median home value: $437,200

Budd Lake, a community in Morris County, New Jersey, has 10,106 residents. The median household income of $113,036 is below the Morris County median ($134,929).

From 2019 to 2023, Budd Lake's population grew 3.7% from 9,743 to 10,106, while its median home value rose 28.5% from $340,300 to $437,200.

47.9% of adults 25 and older hold a bachelor's degree or higher. Owners occupy 73.9% of the area's occupied homes.

Demographics

ACS 2019–2023

Population: 10,106
Median age: 36.9 yrs
Median household income: $113,036
Median home value: $437,200
Median gross rent: $1,326
Housing units: 3,652
Homeownership rate: 73.9%
Bachelor's degree or higher: 47.9%
Unemployment rate: 5.8%

Trends

ACS 5-year · 2019–2023

Population

9,74310,106

Median household income

$90,956$113,036

Median home value

$340,300$437,200

Median gross rent

$1,216$1,326

Year	Population	Median household income	Median home value	Median gross rent
2019	9,743	$90,956	$340,300	$1,216
2020	10,444	$92,188	$348,700	$1,154
2021	9,971	$97,728	$364,200	$1,136
2022	9,983	$99,303	$385,700	$1,216
2023	10,106	$113,036	$437,200	$1,326

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 56.5%

5 to 1721.0%

18 to 244.6%

25 to 3415.8%

35 to 4416.2%

45 to 5412.0%

55 to 6412.6%

65 to 749.3%

75 and over2.1%

	Count	Share
Under 5	654	6.5%
5 to 17	2,126	21.0%
18 to 24	461	4.6%
25 to 34	1,592	15.8%
35 to 44	1,639	16.2%
45 to 54	1,215	12.0%
55 to 64	1,272	12.6%
65 to 74	937	9.3%
75 and over	210	2.1%

Race & ethnicity

	Count	Share
White (non-Hispanic)	5,651	55.9%
Black or African American	867	8.6%
American Indian & Alaska Native	0	0.0%
Asian	665	6.6%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	47	0.5%
Two or more races	337	3.3%
Hispanic or Latino (any race)	2,539	25.1%

Educational attainment (age 25+)

No high school diploma5.6%

High school graduate27.4%

Some college or associate's19.2%

Bachelor's degree27.4%

Graduate or professional degree20.5%

	Count	Share
No high school diploma	384	5.6%
High school graduate	1,880	27.4%
Some college or associate's	1,315	19.2%
Bachelor's degree	1,882	27.4%
Graduate or professional degree	1,404	20.5%

Commute to work

Mean travel time to work: 32 min

Drove alone74.5%

Carpooled5.9%

Public transit0.7%

Walked0.0%

Bicycle0.0%

Worked from home18.4%

Other means0.5%

How workers get to work

	Count	Share
Drove alone	4,119	74.5%
Carpooled	328	5.9%
Public transit	38	0.7%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	1,020	18.4%
Other means	27	0.5%

Travel time

	Count	Share
Under 15 min	1,062	23.5%
15 to 29 min	1,143	25.3%
30 to 44 min	1,040	23.0%
45 to 59 min	606	13.4%
60+ min	661	14.6%

Households

Average household size: 2.79
Poverty rate: 5.7% (574 of 10,106)

	Count	Share
Family households	2,932	81.0%
Nonfamily households	688	19.0%

Housing

Median year structure built: 1974

Occupancy

	Count	Share
Occupied	3,620	99.1%
Vacant	32	0.9%

Tenure (of occupied units)

	Count	Share
Owner-occupied	2,676	73.9%
Renter-occupied	944	26.1%

1-unit, detached70.8%

1-unit, attached5.3%

2 to 4 units7.7%

5 to 19 units13.7%

20 or more units2.4%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	2,586	70.8%
1-unit, attached	195	5.3%
2 to 4 units	281	7.7%
5 to 19 units	501	13.7%
20 or more units	89	2.4%
Mobile home & other	0	0.0%

Geography

Place GEOID: 3408620
Type (LSAD): 57
Land area: 5.44 sq mi
Water area: 0.98 sq mi
Center point: 40.8735, -74.7368