Cost of Living in Bridgewater
Summary: If you are thinking about moving to Bridgewater, here is an overview of the cost of living there.
Bridgewater, is a suburban township located in Somerset County, known for its family-friendly atmosphere and proximity to major cities like New York and Philadelphia. The cost of living in Bridgewater is generally higher than the national average, reflecting the overall cost of living in the Northeastern United States, particularly in the New York metropolitan area. Housing costs in Bridgewater vary depending on the location within the township, the size of the home, and its condition. As of my knowledge cutoff in early 2023, the median home value in Bridgewater is around $500,000 to $600,000. For a 3-bedroom home, prices typically range from $400,000 to $550,000, while 4-bedroom homes can range from $500,000 to $700,000 or more, depending on the property's features and location.
Apartment rentals in Bridgewater also reflect the higher cost of living. A 1-bedroom apartment might rent for between $1,500 and $2,000 per month, while a 2-bedroom apartment can cost between $2,000 and $2,500 per month. Purchasing an apartment or a condo can vary widely, with prices starting around $250,000 and going up to $500,000 or more for luxury units with more amenities. Dining out in Bridgewater can also be a bit pricey, with a meal at an inexpensive restaurant averaging around $15 to $20 per person, and a three-course meal at a mid-range restaurant can cost between $50 and $70 per person.
Utilities, including electricity, heating, cooling, water, and garbage, for a standard 85m² apartment, can range from $150 to $250 per month, depending on usage and the time of year. Internet services typically add another $60 to $100 per month. Private school tuition varies widely based on the institution and the level of education. Preschool costs can range from $1,000 to $2,000 per month. Elementary and middle schools can cost between $10,000 and $25,000 per year, while private high schools can range from $15,000 to $30,000 or more annually. These costs can be even higher for prestigious institutions or those offering specialized programs.
| Item | Cost |
|---|---|
| 3-Bedroom Home Purchase | $400,000 - $550,000 |
| 4-Bedroom Home Purchase | $500,000 - $700,000+ |
| 1-Bedroom Apartment Rental | $1,500 - $2,000 / month |
| 2-Bedroom Apartment Rental | $2,000 - $2,500 / month |
| Apartment Purchase | $250,000 - $500,000+ |
| Inexpensive Restaurant Meal | $15 - $20 / person |
| Mid-Range Restaurant 3-Course Meal | $50 - $70 / person |
| Monthly Utilities | $150 - $250 |
| Internet (monthly) | $60 - $100 |
| Private Preschool Tuition | $1,000 - $2,000 / month |
| Private Elementary School Tuition | $10,000 - $25,000 / year |
| Private Middle School Tuition | $10,000 - $25,000 / year |
| Private High School Tuition | $15,000 - $30,000+ / year |
About the Author
Joshua Wood, LPC is one of the Founders of BlueBurbia and serves as Co-President of Expat Exchange. Prior to Expat Exchange and BlueBurbia, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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