Cost of Living in North Caldwell
Summary: If you are thinking about moving to North Caldwell, here is an overview of the cost of living there.
North Caldwell, is known for its suburban charm and proximity to New York City, which makes it an attractive place for those looking for a quieter lifestyle while still being close to the urban amenities. The cost of living in North Caldwell is significantly higher than the national average, reflecting the desirability of the area and the high income levels of many of its residents.
Housing prices in North Caldwell are quite steep, with 3-bedroom homes typically starting at around $600,000 and can go well over $1 million depending on the location, size, and amenities of the property. For a 4-bedroom home, prices are even higher, often starting at around $700,000 and can reach up to several million dollars for luxury properties with expansive grounds and high-end features. Apartment rentals are also costly, with a 1-bedroom apartment averaging around $1,800 to $2,500 per month, while a 2-bedroom can range from $2,500 to $3,500 or more. Purchasing an apartment or a condo can vary widely based on the size and location, but prices can range from $300,000 to over $1 million.
When it comes to dining out, North Caldwell offers a variety of restaurants ranging from casual eateries to upscale dining experiences. A typical meal at a mid-range restaurant for two can cost between $50 and $100, while a dinner at a high-end restaurant can easily exceed $200 for two people, especially if you include wine or cocktails. Utilities, including electricity, heating, cooling, water, and garbage, for a standard 915-square-foot apartment, can range from $150 to $250 per month, depending on usage and the time of year.
Private school tuition in North Caldwell can be a significant expense for families. Preschool costs can vary, but on average, you can expect to pay between $10,000 and $20,000 per year. Elementary and middle schools can cost between $15,000 and $30,000 annually, while private high schools can range from $20,000 to over $40,000 per year, depending on the institution's prestige and the level of education provided.
| Item | Cost |
|---|---|
| 3-Bedroom Home Purchase | $600,000 - $1,000,000+ |
| 4-Bedroom Home Purchase | $700,000 - Several Million |
| 1-Bedroom Apartment Rental | $1,800 - $2,500/month |
| 2-Bedroom Apartment Rental | $2,500 - $3,500/month |
| Apartment Purchase | $300,000 - $1,000,000+ |
| Mid-Range Restaurant Meal for 2 | $50 - $100 |
| High-End Restaurant Meal for 2 | $200+ |
| Utilities (Monthly for 915 sq ft) | $150 - $250 |
| Private Preschool Tuition (Annual) | $10,000 - $20,000 |
| Private Elementary/Middle School Tuition (Annual) | $15,000 - $30,000 |
| Private High School Tuition (Annual) | $20,000 - $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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