Budd Lake 70 Good
Budd Lake Livability #266 ranked city in New Jersey#7,295 ranked city in the USARanks better than 75% of areas

Pros and Cons of Living in Budd Lake

PROS
  • Crime

    With a lower than average crime rate per 100,000 people, this area could be considered a very safe place to live. Crime rates are based on both violent and property crimes.

  • Employment

    The combination of higher than average median home income, income per capita and low unemployment rates results in a score that is well above average in the employment category.

  • Housing

    This area has received high scores in the housing category. This could be due to a positive home affordability ratio, high appreciation rates or elevated home values.

  • Health & Safety

    A high score in the health and safety category is a result of good air quality and the accessibility to health facilities such as hospitals, clinics, doctors, pharmacies and fire stations.

CONS
  • Amenities

    A majority of amenities are not ideally situated within a reasonable walking distance, which may lead residents to rely on a vehicle or public transportation.

  • Commute

    Public transportation is not readily available in this area and the average commute time to work could also be longer than the national average.

  • Cost Of Living

    Based on the most recent cost of living data, this area is more expensive to live in. You can expect to pay more for everyday goods and services, housing, groceries and utilities.

New Real Estate Listings in Budd Lake Area
Search Homes for Sale in Budd Lake, NJ

What's it like Living in Budd Lake?

Located in the state of New Jersey, Budd Lake is a moderately-sized city with a population of 10,444 residents. If we look at the most recent Census, Budd Lake is known to have a predominantly White population. The next two most common races are Asian and Black. An important consideration when living in Budd Lake is the longer-than-average commute times. If you seek a short work commute, this area may not be the best choice for you. The one-way commute time here typically takes 33 minutes, far surpassing the national average of 26 minutes.

If you’re considering moving to any new city, it could be a very daunting task. However, it could also be a fulfilling experience if you are willing to get to know the town before actually living in Budd Lake, New Jersey. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. Using the livability score which includes data from categories like amenities, crime, education, housing, you can easily compare the best places to live in Budd Lake and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Budd Lake to New Jersey and the national average.

With a livability score of 69 out of 100, Budd Lake is ranked #7,192 in the United States and #259 in New Jersey. If we explore each of the categories individually, we see that Budd Lake ranks well for crime (A), education (B), employment (A+) and housing (A+). Regrettably for Budd Lake, there are some categories for which it does not score well, this includes: amenities (F) and cost of living (F).

Test scores serve as a vital gauge of a school's academic prowess and the proficiency of its students. They play a pivotal role in assessing whether local schools can deliver a robust educational foundation for children. In Budd Lake, the schools boast an impressive average test score of 66%, significantly higher than the national average. This outstanding academic achievement not only reflects the excellence of the local educational system, but also indicates the potential for students to thrive academically, making it an attractive destination for families seeking a high-quality education for their children.

A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Budd Lake excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.

There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Budd Lake is actually affordable. The median home price for Budd Lake homes is $348,700, which is 10.2% higher than the New Jersey average. If we take a closer look at the affordability of homes in Budd Lake, we’ll see that the home price to income ratio is 3.8, which is 11.6% lower than the New Jersey average.

Best Places to Live in and Around Budd Lake

See all the best places to live around Budd Lake

How Do You Rate The Livability In Budd Lake?

1. Select a livability score between 1-100
0
Awful
25
Poor
50
Average
75
Good
100
Great
2. Select any tags that apply to this area
View results

Compare Budd Lake, NJ Livability

      vs

      Budd Lake transportation information

      Statistic Budd Lake New Jersey National
      Average one way commute33min31min26min
      Workers who drive to work82.2%71.7%76.4%
      Workers who carpool7.0%8.1%9.3%
      Workers who take public transit2.5%11.2%5.1%
      Workers who bicycle0.0%0.3%0.6%
      Workers who walk0.0%3.0%2.8%
      Working from home8.1%4.1%4.6%
      Source: The Budd Lake, NJ data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).