Cost of Living in Cresskill

Cresskill, is a borough located in Bergen County, known for its suburban charm and proximity to New York City. The cost of living in Cresskill is generally higher than the national average, reflecting the desirability of the area and its location within the New York metropolitan area. Housing prices in Cresskill vary depending on the size and location of the property. As of my knowledge cutoff in early 2023, the median home value in Cresskill is significantly higher than the national median. For a 3-bedroom home, prices typically range from $500,000 to over $1 million, while 4-bedroom homes can range from $600,000 to well over $1.2 million, with some properties exceeding this range, especially for new construction or homes with larger lots or luxury amenities.

Apartment rentals in Cresskill can also be quite costly. A 1-bedroom apartment may rent for between $1,500 and $2,500 per month, while larger 2-bedroom apartments can range from $2,500 to $3,500 or more per month. Apartment purchases, on the other hand, can vary widely based on location, size, and amenities, with prices often starting around $300,000 and going up to $600,000 or more for a 2-bedroom unit. Dining out in Cresskill can also reflect the higher cost of living, with casual dining restaurants averaging $15 to $25 per person for a meal, and finer dining establishments averaging $50 to $100 per person, excluding drinks and gratuity.

Utilities, including electricity, heating, cooling, water, and garbage services, can cost around $200 to $400 per month for a standard family home, depending on usage and the time of year. Internet and cable services can add an additional $100 to $200 per month. Private school tuition in Cresskill is another significant expense for families. Preschool costs can range from $10,000 to $20,000 per year. Elementary and middle schools can cost between $20,000 and $30,000 per year, while private high schools can be even more expensive, with some tuitions exceeding $40,000 per year. These costs can vary based on the institution's prestige, facilities, and the specific programs they offer.