Cost of Living in Skillman

Skillman, is a small, affluent community located in Somerset County. The cost of living in Skillman is generally higher than the national average, reflecting the area's desirability, proximity to major cities like New York and Philadelphia, and the high quality of life. Housing costs in Skillman are a significant factor in the overall cost of living, with prices for homes being quite high compared to many other parts of the United States. For a 3-bedroom home, prices typically range from $500,000 to $700,000, depending on the location, size, and condition of the property. A 4-bedroom home in Skillman can cost anywhere from $600,000 to over $1 million, with luxury properties and those with larger lots commanding higher prices.

Apartment rentals in Skillman are also on the higher end, with a 1-bedroom apartment averaging around $1,500 to $2,000 per month, while a 2-bedroom apartment can range from $2,000 to $2,500 per month. Apartment purchases are less common in Skillman, but condos and townhomes may be available, with prices varying widely based on size, location, and amenities, often starting at around $300,000 and going up significantly from there.

When it comes to dining out, Skillman offers a variety of restaurants ranging from casual eateries to upscale dining experiences. A meal at an inexpensive restaurant might cost around $15 to $25 per person, while a three-course meal at a mid-range restaurant could be between $50 and $70 per person, excluding drinks and gratuity. Utilities, including electricity, heating, cooling, water, and garbage, can cost around $200 to $300 per month for a standard household, though this can fluctuate based on usage and the time of year.

Private school tuition in Skillman 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 $15,000 and $30,000 per year, while private high schools can be even more expensive, with some tuitions exceeding $40,000 annually. These costs reflect the high-quality education and facilities that many private schools in the Skillman area offer.