What is the cost of living in Budd Lake, NJ?
According to the most recent data on the cost of living, Budd Lake has an overall cost of living index of 130, which is 1.3x higher than the national index of 100.
Compared to New Jersey, Budd Lake has a cost of living index that's 1.0x higher than New Jersey's index of 125.
The standard of living in Budd Lake ranks as #115 most affordable out of the 262 places we measured in New Jersey. By definition, that implies Budd Lake ranks as the #147 most expensive place in the Garden State.
For more reading on life in Budd Lake, check out:
Budd Lake Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Budd Lake. Here is how it fares on each of the criteria:
The Services index in Budd Lake is 108.
The Groceries index in Budd Lake is 116.
The Health index in Budd Lake is 170.
The Housing index in Budd Lake is 117.
The Transportation index in Budd Lake is 111.
The Utilities index in Budd Lake is 114.
| Living Expense | Budd Lake | New Jersey | National Average |
|---|---|---|---|
| Overall | 130 | 125 | 100 |
| Services | 108 | 107 | 100 |
| Groceries | 116 | 113 | 100 |
| Health | 170 | 155 | 100 |
| Housing | 117 | 116 | 100 |
| Transportation | 111 | 112 | 100 |
| Utilities | 114 | 113 | 100 |
Budd Lake Cost Of Living Compared To New Jersey Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Jersey, check out:
Protect your home budget Compare home warranties in Budd Lake Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Budd Lake, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Budd Lake is $553,444.
The Median Rent in Budd Lake is $1,402.
The Median Income in Budd Lake is $114,154.
The Home Value To Income in Budd Lake is 4.8x.
The Rent To Monthly Income in Budd Lake is 0.15x.
| Statistic | Budd Lake | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $553,444 | $569,411 | $332,700 |
| Median Rent | $1,402 | $1,720 | $1,413 |
| Median Income | $114,154 | $103,556 | $80,734 |
| Home Value To Income | 4.8x | 5.5x | 4.1x |
| Rent To Monthly Income | 0.15x | 0.2x | 0.21x |
Budd Lake, NJ Costs By Category
Detailed Budd Lake Services costs vs. New Jersey
| Item | Budd Lake | New Jersey |
|---|---|---|
| Shampoo | $1.44 | $1.28 |
| Movie | $14.15 | $12.13 |
| Bowling | $25.03 | $18 |
| Haircut | $29.17 | $24.26 |
| Beauty Salon | $40.36 | $45.56 |
Detailed Budd Lake Groceries costs vs. New Jersey
| Item | Budd Lake | New Jersey |
|---|---|---|
| Ground Beef | $5.64 | $5.84 |
| Fried Chicken | $1.55 | $1.57 |
| Milk | $4.74 | $4.67 |
| Potatoes | $5.21 | $4.93 |
| Pizza | $11.49 | $12.09 |
| Beer | $11.66 | $10.41 |
| Toothpaste | $3.66 | $3.7 |
Detailed Budd Lake Health costs vs. New Jersey
| Item | Budd Lake | New Jersey |
|---|---|---|
| Optometrist | $105.11 | $125.68 |
| Doctor | $117.94 | $135.78 |
| Dentist | $121.22 | $113.29 |
Detailed Budd Lake Transportation costs vs. New Jersey
| Item | Budd Lake | New Jersey |
|---|---|---|
| Gasoline | $3.45 | $3.46 |
| Tire Balancing | $77.33 | $59.92 |
Detailed Budd Lake Utilities costs vs. New Jersey
| Item | Budd Lake | New Jersey |
|---|---|---|
| All Electricity | $230.68 | $193.99 |
| Phone | $186.61 | $192.25 |
Budd Lake SnackAbility
Cost Of Living In Cities Around Budd Lake
The cost of living varies in the cities and towns around Budd Lake. Here's a quick look at the cost of living in the most populous nearby places:
Florham Park, NJ has a cost of living index of 174, 1.3x Budd Lake.
Kinnelon, NJ has a cost of living index of 170, 1.3x Budd Lake.
Succasunna, NJ has a cost of living index of 141, 1.1x Budd Lake.
| City | Population | Cost Of Living | Vs. Budd Lake |
|---|---|---|---|
| Florham Park, NJ | 13,564 | 174 | 1.3x |
| Kinnelon, NJ | 10,013 | 170 | 1.3x |
| Succasunna, NJ | 9,799 | 141 | 1.1x |
| Boonton, NJ | 8,854 | 138 | 1.1x |
| White Meadow Lake, NJ | 8,842 | 139 | 1.1x |
| Bernardsville, NJ | 7,916 | 173 | 1.3x |
| Wharton, NJ | 7,318 | 131 | 1.0x |
| Green Knoll, NJ | 6,789 | 145 | 1.1x |
| Morris Plains, NJ | 6,315 | 164 | 1.3x |
| Mount Arlington, NJ | 5,935 | 134 | 1.0x |
