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, Native Hawaiian or Pacific Islander and multiracial populations.

Population by Race

White

Two or more races

Black or African American

Other race

Asian

Native American

Native Hawaiian or Pacific Islander

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%
Native Hawaiian or Pacific Islander	0	0%

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