New Jersey · Census place 08620
Budd Lake CDP, NJ
Quick answer
Budd Lake CDP has 10,106 residents, ranking #151 of 700 places in New Jersey. Median household income is $113,036, the median home is worth $437,200 and median gross rent runs $1,326 a month.
- Population
- 10,106Budd Lake CDP residents
- Median household income
- $113,036Past 12 months, inflation adjusted
- Median home value
- $437,200Owner-occupied units
- Median gross rent
- $1,326Rent plus utilities, monthly
- Median age
- 36.9 yrsAll residents
- Homeownership rate
- 73.9%Owner-occupied households
What the numbers mean in Budd Lake CDP
Housing cost measured against local earnings.
A household earning the Budd Lake CDP median would spend about 14.1% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 5.7% of residents and 73.9% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in New Jersey.
- Blackwells Mills CDP 10,220
- East Rutherford borough 10,154
- Hackettstown town 10,143
- Wood-Ridge borough 10,094
- Waldwick borough 10,090
- Hillsdale borough 10,086
- Brookdale CDP 10,044
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