Cost of Living in Bloomfield

Bloomfield, is a suburban township in Essex County, which is part of the New York metropolitan area. The cost of living in Bloomfield can be considered moderate to high, especially when compared to the national average, largely due to its proximity to New York City. Housing costs in Bloomfield vary depending on the location, size, and condition of the property. As of my knowledge cutoff in early 2023, the median home value for a 3-bedroom home in Bloomfield is approximately $400,000 to $500,000, while a 4-bedroom home may range from $450,000 to $600,000 or more. These prices can fluctuate based on market conditions and specific neighborhood characteristics.

When it comes to renting, a 1-bedroom apartment in Bloomfield might cost between $1,500 and $2,000 per month, while a 2-bedroom apartment can range from $1,800 to $2,500 or more. Apartment purchases, on the other hand, can vary widely, with a 1-bedroom condo or co-op starting around $200,000 and going up to $300,000 or more, while a 2-bedroom might be priced between $250,000 and $400,000. Dining out in Bloomfield is relatively affordable, with a meal at an inexpensive restaurant costing around $15 to $25 per person, and a three-course meal at a mid-range restaurant might cost between $50 and $70 for two people.

Utilities, including electricity, heating, cooling, water, and garbage, for a standard 85m² apartment in Bloomfield, typically range from $150 to $250 per month, depending on usage and the time of year. Internet services usually add another $60 to $80 to monthly expenses. Private school tuition can be a significant expense for families living in Bloomfield. Preschool costs can range from $900 to $1,500 per month. Elementary private schools might charge between $5,000 and $15,000 per year, while middle and high schools can cost anywhere from $10,000 to $30,000 annually, depending on the institution's prestige and the level of education provided.