Cost of Living in Allendale

Allendale, is a small borough located in Bergen County, known for its high quality of life and proximity to New York City. The cost of living in Allendale is generally higher than the national average, reflecting the desirability of the area and its location within the affluent Northern New Jersey suburbs. Housing prices in Allendale are quite steep, with 3-bedroom homes typically ranging from $600,000 to over $1 million, depending on the size, condition, and location of the property. For 4-bedroom homes, prices can escalate even further, often falling between $700,000 and upwards of $1.2 million or more.

Apartment rentals in Allendale can also be costly, with 1-bedroom units starting at around $1,800 per month and 2-bedroom units going for $2,500 per month or higher. Apartment purchases are less common in Allendale, as the housing market is predominantly composed of single-family homes. However, for condos or townhomes, prices can vary widely based on size and amenities, often starting in the $400,000 range and climbing significantly higher for luxury units.

Dining out in Allendale reflects the affluence of the area, with a range of restaurant options from casual eateries to upscale dining experiences. A typical meal at a mid-range restaurant can cost between $15 and $30 per person, while a three-course meal at an upscale restaurant might start at $50 per person or more, excluding drinks and gratuity. Utilities, including electricity, heating, cooling, water, and garbage, can cost around $250 to $400 per month for a standard-sized home, though this can fluctuate based on usage and the time of year.

Private school tuition in Allendale and the surrounding areas varies widely based 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 $20,000 and $30,000 annually, while private high schools can be even more expensive, with some tuitions exceeding $40,000 per year. These costs reflect the competitive and high-quality private education available in Northern New Jersey.