Budd Lake is a somewhat small town located in the state of New Jersey. With a population of 9,784 people and three associated neighborhoods, Budd Lake is the 203rd largest community in New Jersey.
Housing costs in Budd Lake are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in New Jersey.
Also of interest is that Budd Lake has more people living here who work in computers and math than 95% of the places in the US.
Telecommuters are a relatively large percentage of the workforce: 19.11% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, Budd Lake is a great place for families with children to consider. First of all, many other families with children live here, making Budd Lake a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Budd Lake has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Budd Lake’s overall crime rate is lower than average for the country.
One downside of living in Budd Lake, however, is that residents on average have to contend with a long commute, spending on average 30.68 minutes every day commuting to work.
Budd Lake is one of the most well-educated cities in the nation. 45.29% of adults in Budd Lake have at least a bachelor's degree. Compare that to the average community in America, which has just 21.84% with a bachelor's degree or higher.
The per capita income in Budd Lake in 2022 was $51,420, which is middle income relative to New Jersey, and wealthy relative to the rest of the US. This equates to an annual income of $205,680 for a family of four.
Budd Lake is an extremely ethnically-diverse town. The people who call Budd Lake home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Budd Lake residents report their race to be White, followed by Black or African-American. Budd Lake also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 21.20% of the town’s residents. Important ancestries of people in Budd Lake include Irish, Italian, German, Polish, and English.
Foreign born people are also an important part of Budd Lake's cultural character, accounting for 22.07% of the town’s population.
The most common language spoken in Budd Lake is English. Other important languages spoken here include Spanish and Langs. of India.