Budd Lake, New Jersey Demographics & Population 2026
During the 2020–2024 ACS period, Budd Lake, New Jersey had a total population of 10,650, the 145th largest community in New Jersey, with a median household income of $114,154, which is 10% higher than the state average. The poverty rate is 4.6%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- An exceptionally low poverty rate of 4.6% — among the lowest in New Jersey.
Budd Lake Quick Facts
How Budd Lake Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 10,106 | 10,650 | +5.4% |
| Median household income | $113,036 | $114,154 | +1.0% |
| Median home value | $437,200 | $456,100 | +4.3% |
How Budd Lake Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A diverse community with significant representation from multiple racial and ethnic groups.
State average: 66 | National average: 61
Education
Educational Attainment (Adults 25+)
Budd Lake Rankings in New Jersey
Explore New Jersey Rankings
Other Cities in Morris County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Parsippany | 21,345 | $99,405 | 6.7% | $555,400 |
| Morristown | 20,453 | $121,340 | 7.8% | $567,600 |
| Dover | 18,563 | $73,737 | 14.2% | $366,700 |
| Madison | 16,447 | $171,471 | 3.2% | $943,200 |
| Florham Park | 13,564 | $158,696 | 8.7% | $791,400 |
| Lake Hiawatha | 11,018 | $104,663 | 3.4% | $428,600 |
| Pompton Plains | 10,971 | $117,959 | 5.6% | $539,000 |
| Lincoln Park | 10,957 | $123,397 | 2.9% | $443,300 |
| Lake Hopatcong | 10,259 | $117,625 | 4.0% | $424,200 |
| Kinnelon | 10,013 | $187,438 | 2.0% | $706,400 |
Cities Similar to Budd Lake
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Totowa | 10,959 | $113,563 | $559,300 | 40.8% | 4.1% |
| East Franklin | 11,070 | $115,458 | $385,900 | 28.0% | 5.9% |
| Pompton Plains | 10,971 | $117,959 | $539,000 | 54.3% | 5.6% |
| White Horse | 10,507 | $105,758 | $308,200 | 30.3% | 2.6% |
| Lake Hopatcong | 10,259 | $117,625 | $424,200 | 46.4% | 4.0% |
Population Overview
Budd Lake is a small city located in New Jersey, within Morris County. The total population is 10,650. It ranks as the 145th most populous out of 700 Census-designated places in New Jersey.
Age Demographics
The median age in Budd Lake is 36.9 years. This is 8% lower than the state median of 40.1 years. With 28.2% of the population under 18, Budd Lake has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Budd Lake is $114,154. This is 10% higher than the state median of $103,556. It is also 41% higher than the national median of $80,734. The poverty rate stands at 4.6%. This is 52% lower than the state poverty rate of 9.7%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 6.4%. This is 1% higher than the state rate of 6.3%. The median home value is $456,100. Housing costs are about the same as the state median of $454,400. The home-value-to-income ratio is 4.0x. 74.8% of occupied housing units are owner-occupied. This homeownership rate is 17% higher than the state average of 63.8%.
Race & Ethnicity
The largest racial or ethnic group in Budd Lake is White (non-Hispanic), making up 58.0% of the population. Hispanic or Latino residents account for 21.2%.
Education
45.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 4% higher than the state rate of 43.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.8%. Notably, 18.3% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Budd Lake, New Jersey is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against New Jersey state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 700 Census-designated places in New Jersey. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Budd Lake, New Jersey?
Budd Lake, New Jersey has a population of 10,650 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Budd Lake, NJ?
The median household income in Budd Lake is $114,154, which is 41% higher than the national median of $80,734.
What is the poverty rate in Budd Lake, NJ?
The poverty rate in Budd Lake is 4.6%. This means approximately 493 residents live below the federal poverty line.
What is the racial makeup of Budd Lake, New Jersey?
Budd Lake's population is 58.0% White, 9.2% Black, 21.2% Hispanic/Latino, and 7.4% Asian.
What is the median home value in Budd Lake, NJ?
The median home value in Budd Lake is $456,100. The home-value-to-income ratio is 4.0x.
How educated is Budd Lake, New Jersey?
45.3% of adults (25+) in Budd Lake hold a bachelor's degree or higher, and 18.3% hold a graduate or professional degree.