Cost of Living in New Brunswick

New Brunswick, located in Middlesex County, is a diverse city known for being the home to Rutgers University. The cost of living in New Brunswick can vary widely depending on the specific area and the lifestyle one maintains. Housing costs, as a significant part of the cost of living, can be quite variable. For purchasing homes, the median listing price for a 3-bedroom home in New Brunswick can range from $300,000 to $400,000, while a 4-bedroom home may be listed between $350,000 and $500,000 or more, depending on the neighborhood and the condition of the property.

When it comes to renting, a 1-bedroom apartment in New Brunswick can cost anywhere from $1,200 to $2,000 per month, while a 2-bedroom apartment can range from $1,500 to $2,500 per month. Larger apartments or rental homes can cost significantly more. Apartment purchases are less common, as the market is more rental-driven due to the university population, but condos and townhouses may be available for purchase, with prices typically starting around $200,000 and going up from there based on size and location.

Dining out in New Brunswick offers a range of options from affordable eateries to upscale restaurants. A meal at an inexpensive restaurant might cost around $15 per person, while a three-course meal at a mid-range restaurant could be around $50 per person. For utilities, including electricity, heating, cooling, water, and garbage, residents can expect to pay around $150 to $250 per month, depending on the size of the dwelling and usage.

Private school tuition varies widely. For preschool, annual tuition can range from $5,000 to $10,000. Elementary schools can cost between $5,000 and $20,000 per year, while middle and high schools can range from $10,000 to over $30,000 annually. These costs are highly dependent on the institution and the specific programs they offer.