Budd Lake vs Paterson
| Budd Lake | Paterson | |
|---|---|---|
| Population | 9,983 | 157,864 |
| Median Household Income | $114,154 | $55,997 |
| Median Home Value | $456,100 | $360,100 |
| Median Gross Rent | $1,402/mo | $1,548/mo |
| Homeownership Rate | 74.8% | 26.9% |
| Unemployment Rate | 6.4% | 10.7% |
| Bachelor's Degree or Higher | 45.3% | 11.8% |
| Median Age | 36.9 | 33.3 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.