Housing costs in Budd Lake?
A typical home costs
$454,300, which is 34.4% more expensive than the national average of
$338,100 and 5.1% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Budd Lake costs
$1,450 per month, which is 1.4% more than the national average of
$1,430 and 17.9% cheaper than the state average of
$1,710.
Can I afford Budd Lake?
To live comfortably in Budd Lake, New Jersey, a minimum annual income of
$87,120 for a family, and
$48,400 for a single person is recommended.
What does A.I. say about Budd Lake?
The cost of living in Budd Lake, NJ is slightly above the national average. While housing costs are higher than most other places in New Jersey, they remain relatively affordable compared to larger metropolitan areas such as New York City and Philadelphia. Grocery prices are reasonable and residents enjoy access to a variety of high-quality restaurants. Other basic expenses such as gasoline, utilities, and healthcare also remain competitively priced. Overall, those looking for an affordable place to live will find that Budd Lake, NJ offers a comfortable lifestyle at a reasonable cost.