The New Jersey town of Budd Lake is located in 07828. With a population of about 8,000 people, it is a cozy suburban area that provides its residents with a relaxed lifestyle. The two-bedroom rent in this area averages $1,480 per month, which is slightly higher than the US average of $1,430. However, the cost of groceries here is relatively low compared to other areas as the Grocery Cost Index here stands at 105 versus 100 in the US.
Budd Lake offers local businesses such as NRG Fitness Center, Burgers & Brew Restaurant & Bar and Wanda’s Place. Residents can enjoy quality services without having to travel outside of town. Despite having slightly higher rent prices than the national average, Budd Lake still offers a reasonable cost of living due to its lower grocery costs and availability of local services.
Budd Lake (zip 07828) has an unemployment rate of 6.6%. The US average is 6.0%.
Budd Lake (zip 07828) has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Budd Lake (zip 07828)
- The Sales Tax Rate for Budd Lake (zip 07828) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Budd Lake (zip 07828) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Budd Lake (zip 07828)
- The average income of a Budd Lake (zip 07828) resident is $47,918 a year. The US average is $37,638 a year.
- The Median household income of a Budd Lake (zip 07828) resident is $84,344 a year. The US average is $69,021 a year.