Cost of Living in Atlantic City
Summary: If you are thinking about moving to Atlantic City, here is an overview of the cost of living there.
Atlantic City, known for its casinos, boardwalk, and beaches, also has a diverse range of living costs that can vary depending on the lifestyle and choices of its residents. Housing prices in Atlantic City can fluctuate based on proximity to the beach and the condition of the property. As of my knowledge cutoff in early 2023, the median price for a 3-bedroom home in Atlantic City might range from $150,000 to $250,000, while a 4-bedroom home could cost between $200,000 and $300,000 or more, depending on the location and amenities. These prices are relatively affordable compared to other parts of New Jersey and the Northeastern United States.
When it comes to renting, a 1-bedroom apartment in Atlantic City might cost between $800 and $1,200 per month, while a 3-bedroom apartment could range from $1,500 to $2,500 per month. For those looking to purchase an apartment, prices can vary widely based on the building's amenities and exact location, with some condos and apartments selling for anywhere from $100,000 to over $500,000.
Dining out in Atlantic City can cater to both budget-friendly and upscale preferences. 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 priced between $50 and $70 per person. For those who prefer cooking at home, monthly grocery bills can range from $300 to $600, depending on dietary habits and family size.
Utilities, including electricity, heating, cooling, water, and garbage, for a standard 915-square-foot apartment, can cost around $150 to $250 per month, depending on usage and the season. Internet services typically add another $60 to $100 to the monthly budget.
Private school tuition in Atlantic City varies widely based on the institution and the level of education. Preschool costs can range from $500 to $1,000 per month, while elementary schools might charge between $5,000 and $10,000 per year. Tuition for private middle schools and high schools can be significantly higher, often ranging from $10,000 to $25,000 per year or more, depending on the school's reputation and facilities.
| Item | Cost |
|---|---|
| 3-bedroom home (purchase) | $150,000 - $250,000 |
| 4-bedroom home (purchase) | $200,000 - $300,000+ |
| 1-bedroom apartment (rent) | $800 - $1,200/month |
| 3-bedroom apartment (rent) | $1,500 - $2,500/month |
| Apartment (purchase) | $100,000 - $500,000+ |
| Inexpensive restaurant meal | $15 - $25/person |
| Mid-range restaurant (3-course) | $50 - $70/person |
| Monthly groceries | $300 - $600 |
| Utilities (monthly for 915 sq ft) | $150 - $250 |
| Internet (monthly) | $60 - $100 |
| Private preschool (monthly) | $500 - $1,000 |
| Private elementary school (annual) | $5,000 - $10,000 |
| Private middle school (annual) | $10,000 - $25,000+ |
| Private high school (annual) | $10,000 - $25,000+ |
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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