Cost of Living in Guilford

Guilford, is a charming town located along the shoreline of Long Island Sound, offering a blend of coastal living and suburban amenities. The cost of living in Guilford is generally higher than the national average, reflecting its desirable location, quality of life, and the affluence of the region. Housing costs in Guilford are a significant factor in the overall cost of living, with prices varying depending on proximity to the waterfront, the size of the property, and the condition of the home.

As of my knowledge cutoff in early 2023, the housing market in Guilford for 3 and 4 bedroom homes can be quite expensive. The median home value in Guilford is above the national average, with 3-bedroom homes typically ranging from $300,000 to $600,000, while 4-bedroom homes can range from $400,000 to well over $1 million, especially for properties with waterfront views or larger lots. Apartment rentals for a 1-bedroom can start around $1,200 per month, while 2-bedroom apartments can range from $1,500 to $2,500 per month. Purchasing an apartment or a condo in Guilford can also be costly, with prices starting around $200,000 and going up to $500,000 or more for units with more space or in more desirable locations.

When it comes to dining out, Guilford 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 cost $50 per person or more. Utilities, including electricity, heating, cooling, water, and garbage, can cost around $200 to $300 per month for a standard family home, though this can vary based on usage and the size of the home.

Private school tuition in Guilford can be a significant expense for families. Preschool costs can vary widely, with some programs starting at around $10,000 per year. Elementary and middle school tuition can range from $15,000 to $30,000 per year, while high school tuition can be even higher, sometimes exceeding $40,000 per year, depending on the institution. These costs reflect the quality of education and facilities provided by private schools in the area.