Cost of Living in Belmar

Belmar, is a small coastal town known for its beautiful beaches and tight-knit community. The cost of living in Belmar can be relatively high, especially when it comes to real estate, due to its desirable location along the Jersey Shore. Housing prices in Belmar vary depending on proximity to the beach and other amenities. As of my knowledge cutoff in early 2023, the median price for a 3-bedroom home in Belmar can range from $600,000 to $800,000, while a 4-bedroom home can cost anywhere from $700,000 to over $1 million, depending on the size, condition, and exact location of the property.

Apartment rentals in Belmar also reflect the town's coastal popularity, with prices for a 1-bedroom apartment starting around $1,500 per month and going up to $2,500 or more for a 2-bedroom unit. Apartment purchases, on the other hand, can vary widely, with condos and smaller units starting in the $300,000 range and going up to $600,000 or more for larger, more luxurious units with ocean views or other premium features.

When it comes to dining out, Belmar offers a range of options from casual eateries to upscale restaurants. 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. Of course, prices can be higher at more upscale establishments or during the peak summer season when the town is bustling with tourists.

Utilities in Belmar, including electricity, heating, cooling, water, and garbage services, can average around $150 to $250 per month for a standard-sized home, depending on usage and the time of year. During the summer months, when air conditioning is in high demand, utility costs may be on the higher end of that range.

Private school tuition in Belmar can be a significant expense for families. Preschool costs can range from $800 to $1,500 per month, depending on the program and its offerings. Elementary and middle school tuition can vary widely, but parents can expect to pay anywhere from $5,000 to $15,000 per year. High school tuition can be even more costly, with some private high schools in the area charging between $10,000 and $20,000 per year. These costs can be influenced by the school's reputation, facilities, and the breadth of extracurricular activities offered.