Cost of Living in Edison

Edison, is a diverse township located in Middlesex County with a cost of living that is reflective of the broader trends in the Northeastern United States. Housing prices in Edison can vary widely depending on the neighborhood and the condition of the property. As of my knowledge cutoff in early 2023, the median price for a 3-bedroom home in Edison might range from $350,000 to $500,000, while a 4-bedroom home could be priced between $450,000 and $600,000 or more, depending on the location and amenities. The real estate market is dynamic, and prices can fluctuate based on market conditions and inventory levels.

Apartment rentals in Edison also cover a broad spectrum. A 1-bedroom apartment might rent for anywhere between $1,200 and $1,800 per month, while a 2-bedroom apartment could cost between $1,500 and $2,500 per month. Larger apartments or luxury units can command higher rents. For those interested in purchasing an apartment or a condominium, prices can range from $200,000 for a modest unit to $400,000 or more for a premium, spacious apartment with luxury features.

Dining out in Edison offers a variety of options, from casual eateries to upscale restaurants. A meal at an inexpensive restaurant might cost around $15 per person, while a three-course meal at a mid-range restaurant could be priced at $50 to $70 for two people. Utilities, including electricity, heating, cooling, water, and garbage, for a standard 85m² apartment, can range from $100 to $200 per month, depending on usage and the time of year.

Private school tuition in Edison varies widely based on the institution and the level of education. Preschool (or kindergarten) can cost anywhere from $5,000 to $15,000 per year. Elementary schools might charge between $5,000 and $20,000 per year, while middle schools and high schools can range from $10,000 to $30,000 per year or more for prestigious institutions. These costs can be influenced by the school's reputation, facilities, and the breadth of extracurricular activities offered.