Cost of Living in Nutley

Nutley, is a suburban township in Essex County, known for its small-town charm and proximity to New York City. The cost of living in Nutley is generally higher than the national average, reflecting the overall cost of living in the Northeastern United States and the New York metropolitan area. Housing costs in Nutley vary depending on the size and location of the property. As of my knowledge cutoff in early 2023, the median home value for a 3-bedroom home in Nutley is approximately $450,000 to $550,000, while a 4-bedroom home may range from $550,000 to $650,000 or more, depending on the condition and specific neighborhood. The real estate market is dynamic, and prices can fluctuate based on market conditions.

Apartment rentals in Nutley also reflect the township's desirable location. A 1-bedroom apartment typically rents for about $1,500 to $2,000 per month, while a 2-bedroom unit can range from $2,000 to $2,500 or more. For those interested in purchasing an apartment or a condo, prices can vary widely based on size, location, and amenities, but a ballpark figure would be starting at around $300,000 and going up from there. When it comes to dining out, Nutley offers a variety of restaurants ranging from casual eateries to more upscale dining experiences. 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 Nutley, typically range from $150 to $250 per month, depending on usage and the time of year. Private school tuition can be a significant expense for families living in Nutley. Preschool costs vary, but on average, you can expect to pay between $900 and $1,500 per month. Elementary and middle schools can cost anywhere from $5,000 to $20,000 per year, while private high schools can range from $10,000 to $30,000 or more annually, depending on the institution's prestige and offerings. It's important to note that these figures are estimates and can vary significantly based on the specific school and the programs it offers.