COMPARING TWO PLACES
Hope vs Budd Lake
PLACE A
Hope, Indiana
VS
PLACE B
Budd Lake, New Jersey
Hope is 80% smaller than Budd Lake. Budd Lake earns more, with a median household income $37,966 higher. Budd Lake has grown faster since 2000 (9% vs 0%).
HOPEBUDD LAKEDIFFERENCE
Total population2,18110,650−80% vs Budd Lake
Population density2,2911,956+335
Population growth-0.1%9.1%−9.2 pts
Median age31.236.9−5.7
Male53.5%50.7%+2.9 pts
Female46.5%49.3%−2.9 pts
Foreign-born1.3%22.1%−20.7 pts
White, non-Hispanic91.6%58.0%+33.5 pts
Black0.0%9.2%−9.2 pts
Hispanic / Latino2.6%21.2%−18.6 pts
Asian0.5%7.4%−6.9 pts
Other5.3%4.1%+1.2 pts
Median household income$76,188$114,154−$37,966
Per capita income$29,108$51,420−$22,312
Poverty rate8.9%4.6%+4.3 pts
Income inequality (Gini)0.3230.382−0.1
Bachelor's degree or higher9.5%45.3%−35.8 pts
Graduate degree0.7%18.3%−17.6 pts
Unemployment rate1.9%6.4%−4.5 pts
Labor force participation71.9%76.9%−5.1 pts
Median home value$148,600$456,100−$307,500
Median gross rent$1,156$1,402−$246
Owner-occupied79.5%74.8%+4.7 pts
Housing vacancy rate9.8%0.7%+9.1 pts
Rent-burdened households27.3%39.8%−12.6 pts
Average commute23.530.4−6.9
Worked from home10.2%19.1%−8.9 pts
Public transit to work0.0%0.7%−0.7 pts
Uninsured6.1%4.3%+1.8 pts
Population, 1990 – 2024