Signals
Budd Lake
Somerset
Opportunity
76 · Top 13%
vs76 · Top 12%
Climate
62 · Bottom 23%
vs63 · Bottom 30%
Physical resilience
57 · Bottom 49%
vs55 · Bottom 47%
Housing affordability
89 · Top 34%
vs86 · Top 41%
Access
85 · Bottom 29%
vs92 · Bottom 49%
Economic stability
86 · Top 1%
vs82 · Top 5%
Measured values
| Metric | Budd Lake | Somerset | Source period |
|---|---|---|---|
| Population | 10,650 | 22,720 | 2024 ACS 5-Year |
| Median household income | $114,154 | $121,028 | 2024 ACS 5-Year |
| Per capita income | $51,420 | $60,499 | 2024 ACS 5-Year |
| Population density | 1,956/sq mi | 3,590/sq mi | 2024 ACS 5-Year |
| Median home value | $456,100 | $438,800 | 2024 ACS 5-Year |
| Median gross rent | $1,402 | $2,121 | 2024 ACS 5-Year |
| Homeownership rate | 74.8% | 72.9% | 2024 ACS 5-Year |
| Unemployment rate | 3.8% | 3.9% | June 2026 |
| Employment change (year over year) | 0.9% | 0.6% | June 2026 |
| Bachelor's degree or higher | 45.3% | 62.0% | 2024 ACS 5-Year |
| Poverty rate | 4.6% | 4.5% | 2024 ACS 5-Year |
| Average July high | 84°F | 86°F | 1991-2020 Normals |
| Average January low | 19°F | 21°F | 1991-2020 Normals |
| Annual precipitation | 48.8" | 45.5" | 1991-2020 Normals |
| Distance to major airport | 32 mi | 22 mi | NASR current cycle |
| Average commute | 33.1 min | 37.1 min | 2024 ACS 5-Year |
| Median age | 36.9 | 41.3 | 2024 ACS 5-Year |
A bolded value is the more favorable of the two where the metric has a clear direction. Metrics like population and density have no inherent better or worse and are shown unweighted.
Physical risk tradeoff
Budd Lake
Elevated or high exposure: inland flooding, earthquake.
Somerset
Elevated or high exposure: inland flooding, earthquake.
Full profiles: Budd Lake, NJ · Somerset, NJ · How this is calculated: methodology