Cost of Living in Pelham

Pelham, is a small suburban town located in Westchester County, known for its close-knit community and proximity to New York City. The cost of living in Pelham is relatively high, reflecting the desirable nature of the area and its location within the affluent Westchester County. Housing prices in Pelham vary depending on the size and location of the property, but they are generally above the national average. As of my knowledge cutoff in early 2023, the median home value in Pelham is quite high, with 3-bedroom homes typically ranging from $700,000 to over $1 million, while 4-bedroom homes can range from $800,000 to well over $1.5 million, depending on the condition, size, and exact location within the town.

Apartment rentals in Pelham also reflect the higher cost of living. A 1-bedroom apartment can cost anywhere from $1,800 to $2,500 per month, while larger 2-bedroom apartments may range from $2,500 to $3,500 or more per month. For those interested in purchasing an apartment or a condominium, prices can vary widely based on size, location, and amenities, but it's not uncommon to see prices starting at around $300,000 and going up to $700,000 or more for luxury units.

When it comes to dining out, Pelham 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 around $200 to $400 per month for a standard family home, depending on usage and the time of year.

Private school tuition in Pelham varies by the level of education. Preschools can cost anywhere from $10,000 to $20,000 per year, depending on the program's duration and prestige. Elementary and middle schools can range from $20,000 to $35,000 per year, while private high schools can be even more expensive, with tuition fees ranging from $30,000 to $45,000 or more annually. These costs reflect the high quality of education and facilities that private schools in the area often provide.