Cost of Living in Morris Plains
Summary: If you are thinking about moving to Morris Plains, here is an overview of the cost of living there.
Morris Plains, is a borough in Morris County known for its suburban charm and proximity to major employment centers. The cost of living in Morris Plains 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 component of the overall cost of living in Morris Plains. As of my knowledge cutoff in early 2023, the median home value for a 3-bedroom home in Morris Plains can range from approximately $450,000 to $600,000, while a 4-bedroom home can range from about $550,000 to $750,000 or more, depending on the location, size, and condition of the property.
Apartment rentals in Morris Plains also reflect the higher cost of living. A 1-bedroom apartment can rent for between $1,500 and $2,000 per month, while a 2-bedroom apartment can range from $2,000 to $2,500 or more per month. For those interested in purchasing an apartment or a condo, prices can vary widely based on the size and amenities offered, but a ballpark figure would be between $300,000 and $500,000 for a 2-bedroom unit.
When it comes to dining out, Morris Plains offers a variety of restaurants ranging from casual eateries to fine dining. A meal at an inexpensive restaurant might cost around $15 to $25 per person, while a three-course meal at a mid-range restaurant could be between $50 and $70 per person, excluding drinks and gratuity. Utilities, including electricity, heating, cooling, water, and garbage, can cost around $150 to $250 per month for a standard household, though this can fluctuate based on usage and the time of year.
Private school tuition varies widely depending on the institution and the level of education. For preschool, tuition can range from $10,000 to $20,000 per year. Elementary schools can cost between $10,000 and $25,000 annually, while middle and high schools can range from $15,000 to $30,000 or more per year. These costs are influenced by the school's reputation, facilities, and the breadth of programs offered.
| Item | Cost |
|---|---|
| 3-Bedroom Home Purchase | $450,000 - $600,000 |
| 4-Bedroom Home Purchase | $550,000 - $750,000+ |
| 1-Bedroom Apartment Rental | $1,500 - $2,000/month |
| 2-Bedroom Apartment Rental | $2,000 - $2,500+/month |
| 2-Bedroom Apartment Purchase | $300,000 - $500,000 |
| Inexpensive Restaurant Meal | $15 - $25/person |
| Mid-Range Restaurant 3-Course Meal | $50 - $70/person |
| Monthly Utilities | $150 - $250 |
| Private Preschool Tuition (Annual) | $10,000 - $20,000 |
| Private Elementary School Tuition (Annual) | $10,000 - $25,000 |
| Private Middle School Tuition (Annual) | $15,000 - $30,000 |
| 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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