Housing costs in Budd Lake?
A typical home costs
$428,800, which is 26.8% more expensive than the national average of
$338,100 and 0.8% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Budd Lake costs
$1,480 per month, which is 3.5% more than the national average of
$1,430 and 15.5% cheaper than the state average of
$1,710.
Can I afford Budd Lake?
To live comfortably in Budd Lake (zip 07828), New Jersey, a minimum annual income of
$82,080 for a family, and
$49,200 for a single person is recommended.
What does A.I. say about Budd Lake?
The cost of living in 07828 Budd Lake, NJ is relatively high compared to the national average. The median household income for this area is $84,737, which is significantly higher than the national median of $57,652. The median home value in 07828 is also higher than the national average at $429,200 versus $184,700. Moreover, transportation and utilities are both reasonably expensive in 07828 with a combined monthly cost of $1,932. Despite these high costs, residents of Budd Lake benefit from a strong community and access to amenities such as excellent schools and beautiful outdoor spaces.