Cost of Living in Closter
Summary: If you are thinking about moving to Closter, here is an overview of the cost of living there.
Closter, is a borough located in the affluent Northern Valley region of Bergen County. The cost of living in Closter is generally higher than the national average, reflecting the overall high cost of living in the New York metropolitan area. Housing prices in Closter vary depending on the size, location, and condition of the property. As of my knowledge cutoff in early 2023, the median home value in Closter for a 3-bedroom home is approximately $650,000 to $750,000, while a 4-bedroom home may range from $750,000 to over $1 million, with some properties exceeding this range significantly, especially for new construction or homes with premium features.
Apartment rentals in Closter can also be quite expensive. A 1-bedroom apartment typically rents for between $1,800 and $2,500 per month, while a 2-bedroom apartment may cost between $2,500 and $3,500 per month. Apartment purchases are less common in Closter, as the housing market is predominantly composed of single-family homes. However, for condos or townhomes, prices can range from $400,000 to $700,000 or more, depending on the size and amenities offered.
Dining out in Closter offers a variety of options, from casual eateries to upscale restaurants. A meal at a mid-range restaurant can cost between $15 and $30 per person, while a three-course meal at an upscale restaurant can range from $50 to $100 per person, excluding drinks and gratuity. Utilities, including electricity, heating, cooling, water, and garbage, can cost around $250 to $400 per month for a standard family home, depending on usage and the time of year.
Private school tuition in Closter 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 $35,000 per year, while private high schools can range from $30,000 to $45,000 per year or more for prestigious institutions. These costs can be even higher if additional fees for activities, books, and other supplies are considered.
| Item | Cost |
|---|---|
| 3-Bedroom Home Purchase | $650,000 - $750,000 |
| 4-Bedroom Home Purchase | $750,000 - $1,000,000+ |
| 1-Bedroom Apartment Rental | $1,800 - $2,500 / month |
| 2-Bedroom Apartment Rental | $2,500 - $3,500 / month |
| Apartment Purchase | $400,000 - $700,000+ |
| Mid-Range Restaurant Meal | $15 - $30 / person |
| Upscale Restaurant Meal | $50 - $100 / person |
| Utilities (Monthly Average) | $250 - $400 |
| Private Preschool Tuition (Annual) | $10,000 - $20,000 |
| Private Elementary/Middle School Tuition (Annual) | $20,000 - $35,000 |
| Private High School Tuition (Annual) | $30,000 - $45,000+ |
About the Author
Betsy Burlingame is one of the founders of BlueBurbia and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and BlueBurbia, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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