Budd Lake, New Jersey Unemployment

Budd Lake, New Jersey has a population of 8,741, with a median household income of $104,118.

Current unemployment data for Budd Lake.

2.80%

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Population

8,741

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Median Income

$104,118

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Unemployment

2.80%

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Housing Price

$398,228

🚨

Crime Rate

0.40

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Internet Speed

246.10 Mbps

Budd Lake is a notable city in New Jersey, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Budd Lake has a population of 8,741, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Budd Lake is $104,118, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Budd Lake is about $398,228, making it relatively affordable compared to many cities in New Jersey.

Employment and Safety

The unemployment rate in Budd Lake is 2.80%, which is lower than the state average, indicating a relatively strong job market. Crime rates in Budd Lake are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in New Jersey, Budd Lake shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

As part of New Jersey, Budd Lake contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Budd Lake

What is the population of Budd Lake?

The population of Budd Lake is approximately 8,741.

Is Budd Lake a good place to live?

Budd Lake offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Budd Lake?

The median household income in Budd Lake is around $104,118.

How expensive is housing in Budd Lake?

The average housing price in Budd Lake is approximately $398,228.