Cost of Living in Essex Fells

Essex Fells, is known for its affluent community and picturesque suburban setting. The cost of living in Essex Fells is significantly higher than the national average, reflecting the desirability of the area and the high quality of life it offers. Housing prices in Essex Fells are quite steep, with 3 and 4 bedroom homes typically ranging from $700,000 to well over $2 million, depending on the size, condition, and location of the property. The market is competitive, and homes in Essex Fells are often characterized by their spacious lots, classic architecture, and luxurious amenities.

Apartment rentals in Essex Fells are less common, as the area is predominantly residential with single-family homes. However, for those looking for rental properties, a small number of apartments and townhouses may be available, with rents typically starting around $2,000 per month for a 1-bedroom unit and increasing for larger units. Apartment purchases are also a rarity in Essex Fells, but when available, they can range from $300,000 to $600,000 or more, depending on the size and luxury of the unit.

Dining out in Essex Fells can cater to a variety of tastes, but it is generally on the pricier side. A meal at a mid-range restaurant can cost between $50 and $100 per person, while a dinner at a high-end establishment can easily exceed $100 per person, not including drinks, tax, and tip. Utilities, including electricity, heating, cooling, water, and garbage, can cost homeowners in Essex Fells between $250 and $500 per month, depending on the size of the home and usage.

Private school tuition is another significant expense for families living in Essex Fells. Preschool tuition can range from $10,000 to $20,000 per year. Elementary and middle schools can cost between $20,000 and $40,000 per year, while high school tuition can be even higher, often exceeding $40,000 annually. These costs reflect the prestigious nature of the private schools in and around Essex Fells, many of which boast high academic standards and a wide array of extracurricular offerings.