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.Unlike some towns where white-collar or blue-collar occupations dominate the local economy, Budd Lake is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Budd Lake is a town of professionals, managers, and sales and office workers. There are especially a lot of people living in Budd Lake who work in management occupations (18.23%), teaching (10.64%), and office and administrative support (9.15%). 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. One interesting thing about the economy is that relatively large numbers of people worked from their home: 18.44% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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. Budd Lake is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the 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 31.65 minutes every day commuting to work. The citizens of Budd Lake are among the most well-educated in the nation: 47.87% of adults in Budd Lake have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree. The per capita income in Budd Lake in 2022 was $51,719, which is middle income relative to New Jersey, and wealthy relative to the rest of the US. This equates to an annual income of $206,876 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 25.12% of the town’s residents. Important ancestries of people in Budd Lake include Italian, German, Irish, Polish, and English. In addition, Budd Lake has a lot of people living here who were born outside of the US (20.57%). The most common language spoken in Budd Lake is English. Other important languages spoken here include Spanish and Langs. of India.
