Cost of Living in Mystic
Summary: If you are thinking about moving to Mystic, here is an overview of the cost of living there.
Mystic, a picturesque coastal village known for its maritime history, offers a unique living experience with a cost of living that reflects its desirability and New England charm. Housing prices in Mystic can vary widely depending on proximity to the waterfront, age, and condition of the property. As of my knowledge cutoff in early 2023, the median home value in Mystic is around $400,000, but prices can go significantly higher for waterfront properties or newer, larger homes. For a 3-bedroom home, buyers might expect to pay anywhere from $300,000 to $500,000, while a 4-bedroom home could range from $400,000 to well over $600,000, depending on the factors mentioned above.
Apartment rentals in Mystic also vary, with a one-bedroom apartment typically ranging from $1,200 to $1,800 per month. Two-bedroom apartments can range from $1,500 to $2,500 per month. For those interested in purchasing an apartment or a condominium, prices can range from $200,000 to $500,000, with luxury units and those with water views commanding higher prices. Dining out in Mystic can be a delightful experience, with a range of options from casual eateries to upscale restaurants. 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.
Utilities, including electricity, heating, cooling, water, and garbage, for a standard 85m² apartment in Mystic, can cost around $150 to $250 per month, depending on usage and the time of year. Internet services typically add another $60 to $100 per month. Private school tuition in Mystic varies widely based on the institution and the level of education. Preschool (or kindergarten) can range from $10,000 to $20,000 per year. Elementary schools might charge between $15,000 and $25,000 per year, while middle and high schools can cost anywhere from $20,000 to $30,000 or more annually. These costs reflect the private nature of the institutions and the quality of education they purport to provide.
| Item | Cost |
|---|---|
| 3-bedroom home (purchase) | $300,000 - $500,000 |
| 4-bedroom home (purchase) | $400,000 - $600,000+ |
| 1-bedroom apartment (rent) | $1,200 - $1,800/month |
| 2-bedroom apartment (rent) | $1,500 - $2,500/month |
| Apartment/Condo (purchase) | $200,000 - $500,000 |
| Inexpensive restaurant meal | $15 - $25/person |
| Mid-range restaurant 3-course meal | $50 - $70/person |
| Utilities (monthly for 85m² apartment) | $150 - $250 |
| Internet (monthly) | $60 - $100 |
| Private preschool tuition (annual) | $10,000 - $20,000 |
| Private elementary school tuition (annual) | $15,000 - $25,000 |
| Private middle school tuition (annual) | $20,000 - $30,000 |
| Private high school tuition (annual) | $20,000 - $30,000+ |
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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