Cost of Living in Manhasset
Summary: If you are thinking about moving to Manhasset, here is an overview of the cost of living there.
Manhasset, is a hamlet and census-designated place (CDP) in Nassau County, known for its affluent neighborhoods and high cost of living compared to the national average. Housing prices in Manhasset are significantly higher than many other parts of the country. As of my knowledge cutoff in early 2023, the median home value for a 3-bedroom home in Manhasset can range from $1 million to $1.5 million, while a 4-bedroom home can cost anywhere from $1.2 million to over $2 million, depending on the location, size, and condition of the property. These prices are subject to change and can be influenced by market trends and economic factors.
Apartment rentals in Manhasset also reflect the high cost of living. A 1-bedroom apartment can rent for between $2,500 and $3,500 per month, while larger 2-bedroom apartments can go for $3,500 to $5,000 or more per month. Purchasing an apartment or a condo in Manhasset can be quite costly as well, with prices typically starting around $500,000 and going up to several million dollars for luxury units with more space and amenities.
Dining out in Manhasset can also be a pricey affair. A meal at an inexpensive restaurant may cost around $20 to $30 per person, while a three-course meal at a mid-range restaurant can range from $50 to $100 per person, excluding drinks and gratuities. High-end dining experiences can be significantly more expensive.
Utilities, including electricity, heating, cooling, water, and garbage, for a standard apartment can range from $200 to $400 per month, depending on usage and the time of year. Internet and cable services can add an additional $100 to $150 to monthly expenses.
Private school tuition in Manhasset varies widely depending on the institution and the level of education. Preschool tuition can range from $10,000 to $20,000 per year. Elementary and middle schools can cost between $20,000 and $35,000 annually, while private high schools can charge from $25,000 to over $40,000 per year. These figures are approximate and can vary based on the school's reputation, facilities, and the specific programs offered.
| Item | Cost |
|---|---|
| 3-Bedroom Home Purchase | $1,000,000 - $1,500,000 |
| 4-Bedroom Home Purchase | $1,200,000 - $2,000,000+ |
| 1-Bedroom Apartment Rental | $2,500 - $3,500 / month |
| 2-Bedroom Apartment Rental | $3,500 - $5,000+ / month |
| Apartment Purchase | $500,000 - Several Million |
| Inexpensive Restaurant Meal | $20 - $30 / person |
| Mid-Range Restaurant 3-Course Meal | $50 - $100 / person |
| Utilities (Monthly) | $200 - $400 |
| Internet and Cable (Monthly) | $100 - $150 |
| Private Preschool Tuition (Annual) | $10,000 - $20,000 |
| Private Elementary/Middle School Tuition (Annual) | $20,000 - $35,000 |
| Private High School Tuition (Annual) | $25,000 - $40,000+ |
About the Author
Joshua Wood, LPC is one of the Founders of BlueBurbia and serves as Co-President of Expat Exchange. Prior to Expat Exchange and BlueBurbia, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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