Cost of Living in Holmdel

Holmdel, is known for its high quality of life, excellent schools, and proximity to major urban centers, which contributes to its relatively high cost of living. Housing prices in Holmdel can vary widely depending on the location, size, and condition of the property. As of my knowledge cutoff in early 2023, the median home value in Holmdel is significantly higher than the national average. For a 3-bedroom home, prices typically start around $500,000 and can go up to $800,000 or more, depending on the specific features and location within Holmdel. A 4-bedroom home in Holmdel can cost anywhere from $600,000 to well over $1 million, with luxury properties and those with larger lots commanding the highest prices.

Apartment rentals in Holmdel are also on the higher end, with a 1-bedroom apartment generally starting at around $1,800 per month and a 2-bedroom apartment averaging around $2,300 per month. For those interested in purchasing an apartment or a condo, prices can range from $300,000 to $500,000 or more, depending on the size and amenities offered. When it comes to dining out, residents of Holmdel can expect to pay around $15-$25 for an average meal at a mid-range restaurant. Utilities, including electricity, heating, cooling, water, and garbage, can cost around $250-$350 per month for a standard family home, though this can fluctuate based on usage and the time of year.

Private school tuition in Holmdel varies widely based on the institution and the level of education. Preschool tuition can range from $10,000 to $20,000 per year, while elementary school tuition can cost between $10,000 and $25,000 annually. Middle school and high school tuitions are typically higher, often ranging from $15,000 to $30,000 per year, with some of the more prestigious institutions charging even more. These costs reflect the competitive educational landscape in Holmdel and the surrounding areas, where many families prioritize private education for their children.