Cost of Living in Deal

Deal, is a small, affluent borough located along the Jersey Shore in Monmouth County. Known for its luxurious homes and exclusive neighborhoods, the cost of living in Deal is significantly higher than the national average. Housing prices in Deal are quite steep, reflecting the area's desirability and upscale nature. For 3-bedroom homes, prices can range from $1 million to over $2 million, depending on the location, size, and amenities of the property. 4-bedroom homes are even pricier, with costs typically starting around $1.5 million and can go up to several million dollars for beachfront properties or those with extensive grounds and features.

Apartment rentals in Deal are also on the higher end. A 1-bedroom apartment can cost anywhere from $1,500 to $2,500 per month, while larger 2 or 3-bedroom apartments can range from $2,500 to $5,000 per month or more, depending on the proximity to the beach and luxury features. Apartment purchases are less common, as the area is predominantly composed of single-family homes, but condos and apartments that do go on sale can range from $500,000 to well over $1 million.

When it comes to dining out, restaurants in Deal cater to a range of tastes and budgets, but overall, expect to pay a premium for the quality and ambiance. A meal at a mid-range restaurant can cost between $50 and $100 per person, while fine dining establishments can charge much more, especially if you're including wine and multiple courses.

Utilities in Deal, including electricity, heating, cooling, water, and garbage services, can cost around $200 to $400 per month for a standard-sized home, depending on usage and the time of year. Summers can be particularly costly due to air conditioning demands.

Private school tuition varies widely in Deal, as it does elsewhere. Preschool costs can range from $10,000 to $20,000 per year. Elementary and middle schools can charge anywhere from $15,000 to $30,000 annually, while private high schools can be even more expensive, with tuitions ranging from $20,000 to over $40,000 per year. These costs reflect the exclusive nature of the schools and the high level of education they provide.