Cost of Living in Gillette

Gillette, is a small unincorporated community within Long Hill Township in Morris County. As a part of the New York metropolitan area, the cost of living in Gillette can be higher than the national average, particularly when it comes to housing. The housing market in Gillette is quite competitive, with prices reflecting the desirability of the area due to its proximity to New York City and its reputation for having good schools and a high quality of life. As of my knowledge cutoff in early 2023, the median home value for a 3-bedroom home in Gillette could range from $500,000 to $600,000, while a larger 4-bedroom home might be priced between $600,000 and $800,000 or more, depending on the location, size, and condition of the property.

Apartment rentals in Gillette can also be on the pricier side, with a 1-bedroom apartment typically renting for between $1,500 and $2,000 per month. Larger apartments, such as 2-bedroom units, can go for $2,000 to $2,500 or more per month. The purchase price for apartments or condos varies widely based on the size, location, and amenities offered, but buyers should expect to pay a premium for properties in this desirable area. Dining out in Gillette can also be a bit costly, with mid-range restaurants often charging $15 to $30 for an entree. Upscale dining experiences will come with a higher price tag, often exceeding $50 per person without including drinks, tax, or tip.

Utilities, including electricity, heating, cooling, water, and garbage, can cost around $200 to $300 per month for a standard family home, but this can fluctuate based on usage and the time of year. Internet and cable services typically add another $100 to $150 to monthly expenses. Private school tuition in the Gillette area varies significantly based on the institution and the level of education. Preschool costs can range from $10,000 to $20,000 per year, while elementary and middle schools can charge anywhere from $15,000 to $30,000 annually. High school tuition can be even higher, with some prestigious private schools charging over $40,000 per year. These costs reflect the competitive educational landscape of the New York metropolitan area and the high demand for quality education.