Cost of Living in Plainsboro

Plainsboro, is a suburban township located in Middlesex County, known for its good schools, parks, and proximity to Princeton. The cost of living in Plainsboro is generally higher than the national average, reflecting the overall cost of living in the Northeastern United States, particularly in the New Jersey and New York metropolitan areas. Housing costs in Plainsboro can vary widely depending on the type of home and its location within the township.

For housing, the prices for 3 and 4 bedroom homes in Plainsboro can range significantly. A 3-bedroom home may cost anywhere from $400,000 to $600,000, while a 4-bedroom home can range from $500,000 to over $700,000, depending on the size, condition, and exact location. Apartment rentals for a 1-bedroom can start around $1,500 per month, with 2-bedroom apartments going for $1,800 to $2,500 per month. Purchasing an apartment or a condo can also be a costly endeavor, with prices typically starting around $200,000 for a 1-bedroom and going up to $300,000 or more for a 2-bedroom unit.

When it comes to dining out, restaurant prices in Plainsboro are on par with what you might expect in a suburban community. A meal at an inexpensive restaurant might cost around $15 to $20 per person, while a three-course meal at a mid-range restaurant could be priced between $50 and $70 per person. Utilities, including electricity, heating, cooling, water, and garbage, can cost around $150 to $250 per month for a standard apartment, depending on usage and the time of year.

Private school tuition varies widely based on the institution and the level of education. For preschool, tuition can range from $800 to $1,500 per month. Elementary schools might charge between $10,000 and $20,000 per year, while middle schools and high schools can cost even more, with some tuitions reaching upwards of $25,000 to $40,000 annually. These costs can be influenced by the school's reputation, facilities, and the breadth of programs offered.