Cost of Living in Manasquan

Manasquan, is a small coastal borough in Monmouth County known for its tight-knit community and proximity to the beach. The cost of living in Manasquan is generally higher than the national average, reflecting its desirable location and the amenities it offers. Housing prices in Manasquan can vary widely depending on proximity to the beach and other factors. As of my knowledge cutoff in early 2023, the median home price in Manasquan is quite high compared to national figures. For a 3-bedroom home, prices typically start around $700,000 and can go well over $1 million, depending on the location and condition of the property. A 4-bedroom home in Manasquan is often listed for over $1 million, with many properties exceeding this range, especially those closer to the waterfront or with more extensive renovations and amenities.

Apartment rentals in Manasquan also reflect the higher cost of living. A 1-bedroom apartment can rent for anywhere from $1,500 to $2,500 per month, while larger 2-bedroom units may range from $2,000 to $3,500 or more. Apartment purchases are less common, as the area is predominantly composed of single-family homes, but condos and townhouses that do go on sale can range from $400,000 to over $1 million, depending on size, location, and amenities.

When it comes to dining out, Manasquan 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 a higher-end restaurant might start at $50 per person, excluding drinks and gratuity.

Utilities, including electricity, heating, cooling, water, and garbage, can cost a household approximately $200 to $300 per month, depending on usage and the size of the home. This figure can fluctuate with the seasons, as heating costs rise in the winter and cooling costs increase in the summer.

Private school tuition in Manasquan varies widely depending on the institution and the level of education. Preschool tuition can range from $10,000 to $20,000 per year. Elementary and middle schools can cost between $5,000 and $25,000 annually, while private high schools can be even more expensive, with some tuitions exceeding $30,000 per year. These costs are highly dependent on the specific school and the programs it offers.