Cost of Living in Hillsborough Township
Summary: If you are thinking about moving to Hillsborough Township, here is an overview of the cost of living there.
Hillsborough Township, located in Somerset County, New Jersey, is known for its suburban charm and family-friendly atmosphere. The cost of living in Hillsborough is generally higher than the national average, reflecting the overall cost of living in the Northeastern United States, particularly in the New York metropolitan area. Housing costs are a significant factor in the overall cost of living in Hillsborough. As of my knowledge cutoff in 2023, the median home value for a 3-bedroom home in Hillsborough Township is approximately $450,000 to $550,000, while a 4-bedroom home may range from $550,000 to $650,000 or more, depending on the location, size, and amenities of the property. The real estate market is dynamic, and prices can fluctuate based on market conditions and inventory levels.
Apartment rentals in Hillsborough also reflect the higher cost of living. A 1-bedroom apartment typically rents for around $1,500 to $2,000 per month, while a 2-bedroom apartment can range from $2,000 to $2,500 or more per month. Apartment purchases, on the other hand, can vary widely based on the size, location, and condition of the unit. A condo or townhouse might start at around $250,000 and go up significantly from there.
When it comes to dining out, residents of Hillsborough can expect to pay around $15 to $25 per person for a meal at a mid-range restaurant. Upscale dining experiences will, of course, come with a higher price tag. Utilities, including electricity, heating, cooling, water, and garbage, can cost around $200 to $300 per month for a standard household, though this can vary based on usage and the size of the home.
Private school tuition in Hillsborough Township can be a considerable expense for families. Preschool costs can range from $1,000 to $2,000 per month, depending on the program's quality and duration. Elementary and middle schools can charge anywhere from $10,000 to $25,000 per year, while private high schools can cost upwards of $25,000 to $40,000 annually. These figures are highly dependent on the institution and the specific programs they offer.
| Item | Cost |
|---|---|
| 3-Bedroom Home Purchase | $450,000 - $550,000 |
| 4-Bedroom Home Purchase | $550,000 - $650,000+ |
| 1-Bedroom Apartment Rental | $1,500 - $2,000/month |
| 2-Bedroom Apartment Rental | $2,000 - $2,500+/month |
| Apartment Purchase (Condo/Townhouse) | Starts at $250,000+ |
| Mid-Range Restaurant Meal per Person | $15 - $25 |
| Utilities (Monthly for Standard Household) | $200 - $300 |
| Private Preschool Tuition (Monthly) | $1,000 - $2,000 |
| Private Elementary/Middle School Tuition (Yearly) | $10,000 - $25,000 |
| Private High School Tuition (Yearly) | $25,000 - $40,000 |
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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