Summit, New Jersey vs. Budd Lake, New Jersey

Cost of Living Comparison

The cost of living in Budd Lake, New Jersey is 34.2% cheaper than Summit, New Jersey.

You would need a salary of $110,564 in Budd Lake, New Jersey to maintain the standard of living you have in Summit, New Jersey.
Comparison highlights
• Overall, Budd Lake, New Jersey is cheaper than Summit, New Jersey
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
56% cheaper in Budd Lake
than in Summit, New Jersey
Summit, NJ vs. Budd Lake, NJ
Compared to Summit, Budd Lake is:
  Homeowner
      No Child Care, Taxes not Considered
  34.2% lower
      Child Care, Taxes not Considered
      Child Care, Taxes Considered
      No Child Care, Taxes Considered
  Renter
      No Child Care, Taxes not Considered
      Child Care, Taxes not Considered
      Child Care, Taxes Considered
      No Child Care, Taxes Considered
  Food
  7.3% lower
  Housing (Homeowner)
  66.5% lower
  Housing (Rent)
  Median Home Cost
  Utilities
  2.9% lower
  Commute
  1.1% lower
  Health
  1.9% higher
  Taxes
  Childcare
  Personal
  10.9% higher