Cost of Living in Hackensack
Summary: If you are thinking about moving to Hackensack, here is an overview of the cost of living there.
Hackensack, located in Bergen County, is part of the New York metropolitan area and thus experiences a relatively high cost of living compared to the national average. Housing prices in Hackensack can vary widely depending on the neighborhood, the size of the home, and its condition. As of my knowledge cutoff in early 2023, the median home value in Hackensack for a 3-bedroom home is approximately $350,000 to $450,000, while a 4-bedroom home may range from $450,000 to $600,000 or more. These prices can fluctuate based on market conditions and specific home features.
Apartment rentals in Hackensack also cover a broad spectrum. A 1-bedroom apartment might rent for between $1,500 and $2,000 per month, while a 2-bedroom apartment could cost between $2,000 and $2,500 per month. Larger apartments or those with luxury amenities can command higher prices. If you're looking to purchase an apartment or a condo, prices can range from around $200,000 for a 1-bedroom unit to $400,000 or more for a 3-bedroom unit, depending on the location and amenities offered.
When it comes to dining out, Hackensack offers a variety of restaurants ranging from casual eateries to upscale dining experiences. A meal at an inexpensive restaurant might cost around $15 to $20 per person, while a three-course meal at a mid-range restaurant could be around $50 to $70 per person, not including drinks, tax, or tip. Fast food and takeout options are generally in line with national averages.
Utilities, including electricity, heating, cooling, water, and garbage, for a standard 85m² apartment in Hackensack, can range from $100 to $200 per month, depending on usage and the time of year. Internet services typically add another $60 to $100 to monthly expenses.
Private school tuition varies widely depending on the institution and the level of education. For preschools, annual tuition can range from $5,000 to $15,000 or more. Elementary and middle schools can cost between $10,000 and $25,000 per year, while private high schools can range from $15,000 to $30,000 or more annually. These costs can be significantly higher for prestigious institutions or those offering specialized programs.
| Item | Cost |
|---|---|
| 3-Bedroom Home Purchase | $350,000 - $450,000 |
| 4-Bedroom Home Purchase | $450,000 - $600,000+ |
| 1-Bedroom Apartment Rental | $1,500 - $2,000 / month |
| 2-Bedroom Apartment Rental | $2,000 - $2,500 / month |
| Apartment Purchase | $200,000 - $400,000+ |
| Inexpensive Restaurant Meal | $15 - $20 / person |
| Mid-Range Restaurant 3-Course Meal | $50 - $70 / person |
| Utilities (Monthly for 85m² Apartment) | $100 - $200 |
| Internet (Monthly) | $60 - $100 |
| Private Preschool Tuition (Annual) | $5,000 - $15,000 |
| Private Elementary/Middle School Tuition (Annual) | $10,000 - $25,000 |
| Private High School Tuition (Annual) | $15,000 - $30,000+ |
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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