Cost of Living in Budd Lake, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
172.9
100 = national avg
+72.9 vs national average
Living Wage (1 Adult)
$76,057
per year
Living Wage (Family of 4)
$179,772
per year
Cost Index by Category
Housing209.4
Food136.4
Transportation172.8
Healthcare129.1
Utilities143.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,822
per month
2 Bedroom
$2,205
per month
The overall cost of living index in Budd Lake is 172.9, which is 72.9% above the national average. Housing costs are above the national average at an index of 209.4. A single adult needs to earn approximately $76,057 per year to cover basic expenses.