Cost of Living in Maplewood
Summary: If you are thinking about moving to Maplewood, here is an overview of the cost of living there.
Maplewood, is a suburban township in Essex County, known for its vibrant community, picturesque downtown, and family-friendly atmosphere. The cost of living in Maplewood is generally higher than the national average, reflecting its proximity to New York City and the amenities it offers. Housing costs in Maplewood are a significant factor in the overall cost of living, with prices for homes varying depending on size, location, and condition.
As of my knowledge cutoff in early 2023, the median home value in Maplewood for a 3-bedroom home is approximately $600,000 to $700,000, while a 4-bedroom home may range from $700,000 to over $1 million, depending on the specific neighborhood and the home's features. Apartment rentals for a 1-bedroom can range from $1,500 to $2,500 per month, while a 2-bedroom apartment might cost between $2,000 and $3,500 per month. Purchasing an apartment or a condo in Maplewood can vary widely, with prices starting around $300,000 and going up to $600,000 or more for units with more space or luxury amenities.
When it comes to dining out, Maplewood 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 be priced between $50 and $100 per person, excluding drinks and gratuity. Utilities, including electricity, heating, cooling, water, and garbage, can cost around $200 to $300 per month for a standard family home, though this can fluctuate based on usage and the time of year.
Private school tuition in Maplewood varies by the level of education and the institution. For preschool, tuition can range from $10,000 to $20,000 per year. Elementary and middle schools may charge between $15,000 and $30,000 annually, while private high schools can cost upwards of $20,000 to $40,000 per year. These figures are indicative and can be higher for schools with specialized programs or prestigious reputations.
| Item | Cost |
|---|---|
| 3-Bedroom Home Purchase | $600,000 - $700,000 |
| 4-Bedroom Home Purchase | $700,000 - $1,000,000+ |
| 1-Bedroom Apartment Rental | $1,500 - $2,500/month |
| 2-Bedroom Apartment Rental | $2,000 - $3,500/month |
| Apartment Purchase | $300,000 - $600,000+ |
| Mid-Range Restaurant Meal | $15 - $30/person |
| High-End Restaurant Meal | $50 - $100/person |
| Utilities (monthly) | $200 - $300 |
| Private Preschool Tuition (annual) | $10,000 - $20,000 |
| Private Elementary/Middle School Tuition (annual) | $15,000 - $30,000 |
| Private High School Tuition (annual) | $20,000 - $40,000 |
About the Author
Betsy Burlingame is one of the founders of BlueBurbia and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and BlueBurbia, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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