Cost of Living in Long Valley

Long Valley, located in Washington Township, Morris County, New Jersey, is known for its picturesque landscapes and a relatively high standard of living. The cost of living in Long Valley is generally higher than the national average, primarily due to the housing market and the overall desirability of the area. Housing prices in Long Valley can vary significantly based on the location, size, and condition of the property. As of my knowledge cutoff in early 2023, the median home value in Long Valley is around $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 amenities and exact location.

Apartment rentals in Long Valley are also on the higher side, with a 1-bedroom apartment averaging around $1,500 to $2,000 per month. Larger apartments or townhomes with 2 or more bedrooms can cost anywhere from $2,500 to $3,500 per month. The purchase price for apartments or condos can vary widely, but you can expect to pay anywhere from $200,000 to $400,000, depending on the size and location. When it comes to dining out, 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 around $50 to $70 per person.

Utilities, including electricity, heating, cooling, water, and garbage, for a standard 85m² apartment in Long Valley, can range from $150 to $250 per month, depending on usage and the time of year. Internet services typically add another $60 to $100 to monthly expenses. Private school tuition varies widely based on the institution and the level of education. Preschool costs can range from $800 to $1,500 per month. Elementary schools might charge between $5,000 and $20,000 per year, while middle and high schools can cost anywhere from $10,000 to $30,000 annually, with some of the more prestigious private schools charging even higher tuition fees.