Cost of Living in Englewood Cliffs

Englewood Cliffs, is a borough in Bergen County known for its suburban charm and proximity to New York City. The cost of living in Englewood Cliffs is significantly higher than the national average, reflecting the desirability of the area and its location within the New York metropolitan area. Housing costs are a major factor in the overall cost of living, with prices for homes being quite steep compared to many other parts of the United States.

For those looking to purchase a home, the housing market in Englewood Cliffs is quite expensive. The median home value in Englewood Cliffs is well above the national average. A 3-bedroom home in the area can range from $700,000 to over $1 million, depending on the location, size, and condition of the property. A 4-bedroom home typically starts at around $1 million and can go up significantly from there, with luxury properties and those with views of the New York City skyline commanding the highest prices.

Apartment rentals in Englewood Cliffs also reflect the high cost of living. A 1-bedroom apartment can cost anywhere from $2,000 to $3,000 per month, while larger 2 or 3-bedroom apartments can range from $3,500 to $5,000 or more. Apartment purchases are similarly high, with condos and co-ops starting in the $300,000 range for a 1-bedroom and increasing substantially for larger units or those with premium amenities.

When it comes to dining out, Englewood Cliffs offers a variety of restaurants ranging from casual eateries to upscale dining experiences. A typical meal at a mid-range restaurant can cost between $15 and $30 per person, while a three-course meal at an upscale restaurant can start at $50 per person and go up from there, not including drinks, tax, and tip.

Utilities such as electricity, heating, cooling, water, and garbage for a 915-square-foot apartment in Englewood Cliffs can average around $250 to $350 per month, depending on usage and the time of year. This is slightly higher than the national average, reflecting the overall higher cost of living in the area.

Private school tuition varies widely depending on the institution and the level of education. Preschool costs 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 $40,000 or more annually. These costs are indicative of the competitive and high-quality education options available in and around Englewood Cliffs.