Cost of Living in Lambertville

Lambertville, is a small city located along the Delaware River in the western part of the state, known for its historic charm, vibrant arts scene, and picturesque setting. The cost of living in Lambertville can be considered moderate to high, particularly when it comes to housing prices, which are influenced by the city's proximity to larger metropolitan areas like New York City and Philadelphia, as well as its own local amenities and historic character.

Housing prices in Lambertville vary depending on the location, size, and condition of the property. As of my knowledge cutoff in early 2023, the median home value in Lambertville is around $400,000 to $500,000. For a 3-bedroom home, prices typically range from $350,000 to $450,000, while 4-bedroom homes can range from $450,000 to $600,000 or more, depending on the property's features and location within the city. Apartment rentals for a 1-bedroom can range from $1,200 to $1,800 per month, while a 2-bedroom apartment might cost between $1,500 and $2,500 per month. Purchasing an apartment or a condo in Lambertville can vary widely, with prices starting around $250,000 and going up to $500,000 or more for units with more space or luxury amenities.

When it comes to dining out, Lambertville offers a range of options from casual eateries to upscale restaurants. A meal at an inexpensive restaurant might cost around $15 to $25 per person, while a three-course meal at a mid-range restaurant could be between $50 and $100 per person, depending on the establishment. Utilities for a standard apartment, including electricity, heating, cooling, water, and garbage, can average between $150 and $250 per month, depending on usage and the time of year.

Private school tuition in Lambertville can be a significant expense for families. Preschool costs can range from $800 to $1,200 per month. Elementary and middle school tuition can vary widely depending on the institution, but families can expect to pay anywhere from $5,000 to $20,000 per year. High school tuition can be even higher, with some private high schools charging between $10,000 and $30,000 annually. These costs can be influenced by the school's reputation, facilities, and the breadth of programs offered.