Cost of Living in Garwood
Summary: If you are thinking about moving to Garwood, here is an overview of the cost of living there.
Garwood, is a small borough located in Union County, with a population that enjoys a suburban feel with close proximity to major cities like New York. The cost of living in Garwood is generally higher than the national average, reflecting the overall cost of living in the Northeastern United States and the New York metropolitan area. Housing costs in Garwood are a significant factor in the overall cost of living, with prices for homes varying depending on size, location, and amenities.
For those looking to purchase a home, a 3-bedroom home in Garwood can range from approximately $400,000 to $600,000, while a 4-bedroom home may cost between $500,000 and $700,000 or more, depending on the property's condition and exact location. Apartment rentals for a 1-bedroom can range from $1,500 to $2,000 per month, while a 2-bedroom apartment might cost between $2,000 and $2,500 per month. Purchasing an apartment or a condo in Garwood can also be quite costly, with prices starting around $300,000 and going up depending on the size and luxury level of the unit.
Dining out in Garwood can cater to a variety of tastes and budgets. 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 priced between $50 and $70 per person. For those who prefer cooking at home, monthly grocery bills can vary widely but expect to spend at least $300 to $500 per month depending on the household size and eating habits.
Utilities, including electricity, heating, cooling, water, and garbage, for a standard 85m² apartment in Garwood, can range from $150 to $250 per month, depending on usage and the time of year. Internet services typically add another $60 to $100 to monthly expenses.
Private school tuition in Garwood can be a significant expense for families. Preschool costs can vary, but on average, they might range from $800 to $1,500 per month. Elementary and middle schools can cost anywhere from $5,000 to $20,000 per year, while private high schools can be even more expensive, with annual tuition ranging from $10,000 to $30,000 or more, depending on the institution's prestige and offerings.
| Item | Cost |
|---|---|
| 3-bedroom home purchase | $400,000 - $600,000 |
| 4-bedroom home purchase | $500,000 - $700,000+ |
| 1-bedroom apartment rental | $1,500 - $2,000/month |
| 2-bedroom apartment rental | $2,000 - $2,500/month |
| Apartment purchase | Starting at $300,000 |
| Inexpensive restaurant meal | $15 - $25/person |
| Mid-range restaurant 3-course meal | $50 - $70/person |
| Monthly utilities | $150 - $250 |
| Internet | $60 - $100/month |
| Private preschool tuition | $800 - $1,500/month |
| Private elementary/middle school tuition | $5,000 - $20,000/year |
| Private high school tuition | $10,000 - $30,000/year |
About the Author
Joshua Wood, LPC is one of the Founders of BlueBurbia and serves as Co-President of Expat Exchange. Prior to Expat Exchange and BlueBurbia, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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