Cost of Living in Katonah

Katonah, is a hamlet located in the town of Bedford, Westchester County, and is known for its small-town charm, community spirit, and relatively high cost of living, especially when compared to national averages. Housing prices in Katonah can vary widely, but as of my knowledge cutoff in early 2023, the median home value for the area is significantly higher than the national average. For a 3-bedroom home, prices typically start around $600,000 and can go up to over $1 million, depending on the size, condition, and exact location of the property. A 4-bedroom home in Katonah can command even higher prices, often ranging from $700,000 to well over $1.5 million.

Apartment rentals in Katonah are also on the pricier side, with 1-bedroom apartments starting at about $1,500 per month and 2-bedroom apartments averaging around $2,500 per month or more. Apartment purchases are less common in this predominantly single-family home community, but condos and townhomes can be found, with prices typically starting at around $300,000 and going up to $700,000 or more, depending on the size and amenities offered.

Dining out in Katonah reflects the area's affluence, with a range of restaurant options from casual eateries to upscale dining experiences. A meal at a mid-range restaurant for two could cost between $50 and $100, while a dinner at a high-end restaurant could easily exceed $100 per person, not including wine or drinks.

Utilities, including electricity, heating, cooling, water, and garbage services, can cost a household in Katonah between $250 and $400 per month, depending on usage and the size of the home. This is slightly higher than the national average, largely due to the region's climate and the cost of energy in the Northeast.

Private school tuition in Katonah varies by the level of education and the institution. Preschools can range from $10,000 to $20,000 per year. Elementary and middle schools can cost between $20,000 and $40,000 annually, while private high schools can be even more expensive, with some tuitions exceeding $40,000 per year. These costs reflect the high-quality education and facilities that these private institutions often provide.