Cost of Living in Amagansett

Amagansett, located in East Hampton on Long Island, is known for its picturesque beaches and affluent community. The cost of living in Amagansett is significantly higher than the national average, primarily due to the high cost of housing in the area. For those looking to purchase a home, the housing market is quite expensive, with 3-bedroom homes typically starting at around $1.5 million and can go well beyond $3 million depending on the location, amenities, and property size. 4-bedroom homes are even pricier, with prices often starting at $2 million and can exceed $4 million or more for luxury properties with ocean views or other desirable features.

Apartment rentals in Amagansett are also costly, with monthly rents for a 1-bedroom apartment starting at approximately $3,000, while larger apartments with more bedrooms can command much higher rents. For those interested in purchasing an apartment, the prices can be quite steep, with smaller units starting at around $1 million and larger, more luxurious apartments reaching several million dollars.

Dining out in Amagansett can be an expensive affair, with many upscale restaurants and eateries. A meal at a mid-range restaurant can cost between $50 to $100 per person, and fine dining experiences can be significantly higher. Utilities, including electricity, heating, cooling, water, and garbage, can cost around $300 to $500 per month for a standard home, though this can vary based on usage and the size of the dwelling.

Private school tuition in Amagansett is another considerable expense for families. Preschool programs can range from $10,000 to $20,000 per year. Elementary and middle schools can cost between $25,000 and $40,000 annually, while private high schools can charge upwards of $40,000 to $60,000 per year. These costs reflect the premium educational facilities and programs that are often available in private institutions in the area.

Overall, Amagansett is a beautiful but costly place to live, with expenses that are reflective of its luxurious and exclusive reputation. Prospective residents should be prepared for the high cost of housing, education, and general living expenses when considering a move to this charming part of Long Island.