Budd Lake

County:: Morris County
County Seat:: No
Area (mi²):: 5.444
State:: New Jersey

Budd Lake is a CDP located in Morris County, New Jersey. Budd Lake has a 2025 population of 10,237. Budd Lake is currently growing at a rate of 0.84% annually but its population has decreased by -1.98% since the most recent census, which recorded a population of 10,444 in 2020.

The average household income in Budd Lake is $144,417 with a poverty rate of 5.68%.The median age in Budd Lake is 36.9 years: 35.8 years for males, and 37.3 years for females.

Demographics

The racial composition of Budd Lake includes 64.96% White, 8.58% Black or African American, 7.54% other race, 6.58% Asian, and smaller percentages for Native American and multiracial populations.

Population by Race

Race	Population	Percentage (of total)
White	6,565	64.96%
Two or more races	1,223	12.1%
Black or African American	867	8.58%
Other race	762	7.54%
Asian	665	6.58%
Native American	24	0.24%

Budd Lake Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Budd Lake's average per capita income is $69,464. Household income levels show a median of $113,036. The poverty rate stands at 5.68%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$162,297	-
Families	$132,989	$156,479
Households	$113,036	$144,417
Non Families	$66,838	$81,186

$69,464

Average Income

$113,036

Median Household Income

5.68%

Poverty Rate