Budgewoi is a suburb located on the Central Coast of New South Wales, Australia, as part of the Central Coast Council local government area. Budgewoi is located 112 km by road north of the Sydney central business district.

Much of the town is surrounded by water; Lake Munmorah, Budgewoi Lake and the Pacific Ocean. An Ideal spot for water enthusiasts. Long an area of retirees and holiday homes, rising housing prices in the Sydney metropolitan area during the 1990s saw it become a sleeper town, with increased numbers of people commuting to the Sydney metropolitan area. The last decade has seen an important change in Budgewoi with the influx of people bringing greater infrastructure and development to the suburb.