Cost of Living in Bradley Beach

Bradley Beach, is a small coastal borough located in Monmouth County, known for its quaint atmosphere and proximity to the Atlantic Ocean. The cost of living in Bradley Beach can be considered higher than the national average, primarily due to its desirable location and the real estate market. Housing prices in Bradley Beach vary depending on proximity to the beach, the size of the home, and its condition. As of my knowledge cutoff in early 2023, the median home value in Bradley Beach is quite high, with 3-bedroom homes typically ranging from $600,000 to over $1 million, depending on the factors mentioned. For 4-bedroom homes, prices can escalate even further, often exceeding $1 million and reaching up to $2 million for properties with prime locations or newer renovations.

Apartment rentals in Bradley Beach also reflect the high demand for living in a beach town. A 1-bedroom apartment can cost anywhere from $1,500 to $2,500 per month, while larger 2-bedroom apartments may range from $2,000 to $3,500 or more. Apartment purchases are similarly priced to homes, with smaller units starting in the $500,000 range and larger, more luxurious units exceeding $1 million. When it comes to dining out, Bradley Beach offers a variety of restaurants ranging from casual eateries to upscale dining experiences. A typical meal at a mid-range restaurant can cost between $15 and $30 per person, while a three-course meal at an upscale restaurant might start at $50 per person.

Utilities in Bradley Beach, including electricity, heating, cooling, water, and garbage services, can average around $200 to $300 per month for a standard family home, though this can fluctuate based on usage and the time of year. As for private school tuition, costs can vary widely based on the institution and the level of education. Preschool tuition can range from $10,000 to $20,000 per year. Elementary and middle schools can cost between $10,000 and $30,000 annually, while private high schools can be even more expensive, with some tuitions reaching upwards of $40,000 per year. These costs reflect the premium nature of private education and the individual attention and resources often provided at these institutions.