Cost of Living in Fair Haven

Cost of living in Fair Haven, is generally considered to be higher than the national average, reflecting the overall cost of living in the state and the proximity to major urban centers like New York City. Housing prices in Fair Haven are a significant factor in the overall cost of living. For 3-bedroom homes, prices can vary widely depending on the location, size, and condition of the property, but buyers should expect to pay anywhere from $600,000 to over $1 million. Four-bedroom homes are typically priced higher, often ranging from $700,000 to well over $1.5 million, with some properties exceeding this range, especially for new construction or homes with premium features and locations.

Apartment rentals in Fair Haven also reflect the high cost of living. A 1-bedroom apartment might start around $1,500 per month, while larger 2 or 3-bedroom apartments can easily reach $2,500 to $3,500 per month or more. Apartment purchases are less common in Fair Haven, as the housing market is predominantly composed of single-family homes. However, for condos or townhomes, prices can be comparable to single-family homes, depending on the size and amenities offered.

When it comes to dining out, Fair Haven offers a variety of restaurants ranging from casual eateries to upscale dining experiences. A meal at an inexpensive restaurant might cost around $15 to $25 per person, while a three-course meal at a mid-range restaurant could be between $50 and $75 per person, not including drinks, tax, or tip. Utilities, including electricity, heating, cooling, water, and garbage, can cost around $200 to $400 per month, depending on the size of the home and usage.

Private school tuition varies widely depending on the institution and the level of education. Preschool tuition can range from $10,000 to $20,000 per year. Elementary schools might charge between $15,000 and $30,000 per year, while middle and high schools can cost anywhere from $20,000 to over $40,000 annually. These prices are influenced by the school's reputation, facilities, and the breadth of programs offered.