States › New Jersey › Budd Lake

Is Budd Lake, NJ expensive to live in?

CheapRent takes 15 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,54712% lower than U.S. average
💵 Families earn per year (2026)$123,115about $10,260/month · 41% higher than U.S. average
🔑 House price$456,10037% higher than U.S. average

Rent is lower than in 55% of U.S. cities. A typical house costs about 3.7 years of household income. Commutes are long, about 30.4 minutes each way.

How much money do I need?

To rent here comfortably, you should earn about $61,880 a year. That is $30 an hour at a full-time job.

Is rent cheaper than other New Jersey cities?

Yes. Rent here is cheaper than in most of New Jersey. It is number 31 of 291 cities from cheapest to most expensive.

Budd Lake
$1,547
McKee City
$2,112
The Hills
$3,051
Somers Point
$1,526
White Horse
$2,258
Pine Hill
$2,445
Manville
$2,035

How much do households earn in Budd Lake?

Under $25k
1.8%
$25k–50k
11.4%
$50k–100k
39.1%
$100k–150k
24.9%
$150k+
21.4%

Share of households by yearly income. 46.3% of households earn $100,000 or more.

Rent by apartment size in Budd Lake

SizeBudd LakeU.S. average
1 bedroom$1,538$1,324
2 bedrooms$1,509$1,509
3 bedrooms$1,891$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Budd Lake overall?

Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).

Housing
134
Goods (food, clothes…)
107
Utilities
114
Other services
104
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Budd Lake, so the New Jersey figure is shown.

Taxes and bills in Budd Lake

🏛️ Property tax$10,000+a year · 2.19% of home value · U.S. $3,119
⚡ Electric bill$135a month (typical) · U.S. $156

Life in Budd Lake

Commute to work30.4 minU.S.: 26.4 min
College degree45.3%U.S.: 35.7%
Own their home74.8%U.S.: 65.2%
Below poverty line4.6%U.S.: 12.5%
Unemployment6.4%U.S.: 5.2%

Is it cheaper to rent or buy in Budd Lake?

Renting is cheaper right now: about $1,618 a month less.

Renting
$1,547
Owning
$3,165

Owning assumes a typical $456,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $45,610 for the down payment.

Frequently asked questions

What is the average rent in Budd Lake, NJ?

Renting in Budd Lake costs a median of about $1,547 a month in 2026, including utilities. The New Jersey median is $2,240.

How much do I need to make to live in Budd Lake?

To keep rent under 30% of income, you need about $61,880 a year, or $30 an hour at a full-time job.

Is Budd Lake cheap or expensive?

Budd Lake is rated Cheap: rent takes 15.1% of the typical household income of $123,115. It ranks 31st cheapest of 291 New Jersey cities we track.

How much are property taxes in Budd Lake?

The median homeowner in Budd Lake pays $10,000+ a year in property taxes, about 2.19% of the median home value.

Is Budd Lake more expensive than the national average?

Overall prices in New Jersey are 9% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Budd Lake?

The median home value in Budd Lake is $456,100, about 3.7 times the typical yearly household income.

10,650 people live in Budd Lake. Numbers are typical (middle) values.