Cost of Living in Budd Lake, NJ
Population 10,106 · New Jersey · Data vintage 2023
(100 = US avg)
Budd Lake sits on the smaller end of the New Jersey city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Geographically, Budd Lake is about 30 miles west of Paterson, the nearest large metro. Median home values run roughly 30% higher than Paterson's $335,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Budd Lake
The median home value in Budd Lake is $437,200 — 43% above the national median of $305,000. Median rent runs $1,326/month, 1% higher than the national median of $1,314/month. The median household income of $113,036/year is 52% higher than the US median of $74,580. The local unemployment rate is 5.8%, above the national average of 4.8%. New Jersey's top state income tax rate is 10.8% and the combined sales tax is 6.6%. The climate averages highs of 60.7°F and lows of 40.2°F. Overall, Budd Lake has a cost of living index of 126 versus the US average of 100, meaning it is 26% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 36 | 39 | 48 | 61 | 71 | 79 | 84 | 82 | 74 | 63 | 52 | 41 |
| Low °F | 19 | 20 | 28 | 38 | 48 | 57 | 62 | 60 | 52 | 42 | 32 | 25 |
| Precip" | 3.27 | 2.83 | 4.07 | 3.78 | 3.83 | 4.54 | 5.06 | 4.85 | 4.32 | 4.64 | 3.43 | 4.18 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Budd Lake, NJ?
Budd Lake has a cost index of 126 (100 = national average). It is 26% above the national average.
What is average rent in Budd Lake, NJ?
The median gross rent in Budd Lake is $1,326 per month based on 2023 Census data.
What is the average home price in Budd Lake?
The median home value in Budd Lake is $437,200 according to Zillow and Census data.
What is the median income in Budd Lake?
The median household income in Budd Lake is $113,036 per year (2023 ACS 5-year estimates).
What is the sales tax in Budd Lake, NJ?
The combined state and local sales tax rate in Budd Lake is 6.6%. The New Jersey state income tax top rate is 10.8%.
Is Budd Lake, NJ affordable?
Budd Lake is above average in cost of living, with an index of 126 — about 26% higher than the national average.
What is the weather like in Budd Lake?
Budd Lake has average high temperatures of 60.7°F and average lows of 40.2°F. Annual precipitation is 48.8". Data from NOAA 1991–2020 Climate Normals.
Budd Lake at a Glance
- Population
- 10,106
- Median Income
- $113,036
- Home Value
- $437,200
- Median Rent
- $1,326/mo
- Unemployment
- 5.8%
- Avg High Temp
- 60.7°F
- Sales Tax
- 6.6%
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Explore county-level cost of living data
New Jersey Rankings
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