Cost of Living in Roseland

Roseland, is a small borough in Essex County with a relatively high cost of living compared to the national average, reflecting the general cost of living in the Northeastern United States and the New York metropolitan area. Housing prices in Roseland can vary widely depending on the location, size, and condition of the property. As of my knowledge cutoff in early 2023, the median home value in Roseland is significantly higher than the national median. For a 3-bedroom home, prices typically range from $450,000 to $650,000, while 4-bedroom homes can range from $550,000 to over $800,000, with some properties exceeding this range, especially for new construction or homes with premium features.

Apartment rentals in Roseland also reflect the higher cost of living. A 1-bedroom apartment might rent for between $1,800 and $2,500 per month, while a 2-bedroom apartment could cost between $2,300 and $3,000 per month. Purchasing an apartment or a condo can vary greatly, but prices might start around $300,000 and go up significantly based on the size and amenities offered. Dining out in Roseland can also be a bit pricey, with casual dining restaurants averaging $15 to $25 per person per meal, and fine dining experiences can easily exceed $50 per person without including drinks or gratuities.

Utilities, including electricity, heating, cooling, water, and garbage, can cost around $250 to $400 per month for a standard family home, depending on usage and the time of year. Internet and cable services can add an additional $100 to $150 per month. Private school tuition varies widely based on the institution and the level of education. Preschool costs can range from $10,000 to $20,000 per year. Elementary and middle schools can cost between $15,000 and $30,000 per year, while private high schools can range from $20,000 to over $40,000 per year, with some of the more prestigious institutions charging even higher tuition fees.