All Countries
Budd Lake, NJ
Full City Profile · New Jersey · Morris County County
3.7
/5.0
B+
Good
10,106
Population
1,858/sq mi density
$113,036
Median Income
$51,719 per capita
$437,200
Home Value
$540,991 Zillow
$1,326
Median Rent
24.3% income on rent
53°F
Avg Temperature
275 sunny days/yr
92
Violent Crime/100K
1,165 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$113,036 median income, 4.4% unemployment
A+
Affordability
4.5 / 5.0
$437,200 home value, $1,326/mo rent
F
Safety
1.0 / 5.0
92 violent crimes/100K
A+
Education
4.8 / 5.0
47.9% bachelor's degree or higher
Income Overview
Median Household Income
$113,036
50% above
US avg: $75,149
Per Capita Income
$51,719
32% above
US avg: $39,052
Unemployment Rate
4.4%
22% above
US avg: 3.6%
Poverty Rate
5.7%
54% below
US avg: 12.4%
Income Comparison: Budd Lake vs. U.S. Average
Each bar shows Budd Lake’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$113,036
150%
Per Capita
US: $39,052
$51,719
132%
IRS Avg AGI
US: $72,000
$156,784
218%
Avg Weekly Wage
US: $1,432
$1,946
136%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,946
36% above US avg ($1,432)
Mean Commute Time
32 min
16% above US avg (28 min)
Work From Home
18.4%
21% above US avg (15.2%)
Drive Alone
74.5%
2% above US avg (73.2%)
Public Transit
0.7%
86% below US avg (5.0%)
County GDP
$74,395M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
74.5%
Public Transit
0.7%
Work From Home
18.4%
Other
6.4%
Average commute time
32 minutes
US avg: 28 min
Business Landscape
Total Establishments
18,002
Restaurants
1,349
Healthcare
1,822
Retail
1,639
Manufacturing
496
Tax & Financial
IRS Avg Adjusted Gross Income
$156,784
118% above US avg ($72,000)
Avg Property Tax
$13,570
288% above US avg ($3,500)
Cost of Living Index
108.8
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $113,036 |
| Per Capita Income | $51,719 |
| IRS Avg Adjusted Gross Income | $156,784 |
| Avg Weekly Wage | $1,946 |
| County GDP | $74,395M |
Hardship Indicators
| Unemployment Rate | 4.4% |
| Poverty Rate | 5.7% |
| Gini Coefficient | 0.461 |
| Cost of Living Index | 108.8 |
Commute
| Mean Commute | 32 minutes |
| Drive Alone | 74.5% |
| Public Transit | 0.7% |
| Work From Home | 18.4% |
Businesses
| Total Establishments | 18,002 |
| Restaurants | 1,349 |
| Healthcare | 1,822 |
| Retail | 1,639 |
| Manufacturing | 496 |
Tax
| IRS Avg AGI | $156,784 |
| Avg Property Tax | $13,570 |