Cost of Living in Glen Cove
Summary: If you are thinking about moving to Glen Cove, here is an overview of the cost of living there.
Glen Cove, located on the North Shore of Long Island, is a city that offers a mix of suburban charm and proximity to the amenities of the larger New York metropolitan area. The cost of living in Glen Cove is higher than the national average, reflecting the general trend across much of Long Island and the greater New York City region. Housing costs are a significant component of the overall cost of living in this area. As of my knowledge cutoff in early 2023, the median home value in Glen Cove for a 3-bedroom home can range from $500,000 to $700,000, while a larger 4-bedroom home may be priced between $600,000 and over $1 million, depending on the location, size, and condition of the property.
Apartment rentals in Glen Cove also reflect the higher cost of living. A 1-bedroom apartment might rent for between $1,800 and $2,500 per month, while a 2-bedroom apartment could cost between $2,300 and $3,500 per month. For those interested in purchasing an apartment or a condo, prices can vary widely based on location, amenities, and size, but a ballpark figure might be anywhere from $300,000 to $600,000 or more for a 2-bedroom unit.
Dining out in Glen Cove offers a range of options, from casual eateries to more upscale restaurants. 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 at $50 to $100 per person, not including drinks, tax, or tip. Utilities, including electricity, heating, cooling, water, and garbage, can cost around $200 to $400 per month for a standard household, though this can fluctuate based on usage and the time of year.
Private school tuition varies widely depending on the institution and the level of education. For 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 figures are indicative and can be higher for prestigious institutions or those offering specialized programs.
| Item | Cost |
|---|---|
| 3-Bedroom Home Purchase | $500,000 - $700,000 |
| 4-Bedroom Home Purchase | $600,000 - $1,000,000+ |
| 1-Bedroom Apartment Rental | $1,800 - $2,500 / month |
| 2-Bedroom Apartment Rental | $2,300 - $3,500 / month |
| 2-Bedroom Apartment Purchase | $300,000 - $600,000+ |
| Inexpensive Restaurant Meal | $15 - $25 / person |
| Mid-Range Restaurant 3-Course Meal | $50 - $100 / person |
| Monthly Utilities | $200 - $400 / month |
| Private Preschool Tuition | $10,000 - $20,000 / year |
| Private Elementary School Tuition | $15,000 - $30,000 / year |
| Private Middle School Tuition | $20,000 - $40,000 / year |
| Private High School Tuition | $20,000 - $40,000+ / year |
About the Author
Betsy Burlingame is one of the founders of BlueBurbia and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and BlueBurbia, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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