Cost of Living in Prospect

Prospect, is a small town that offers a suburban feel with a relatively moderate cost of living compared to larger cities in the state. Housing prices in Prospect can vary depending on the location, size, and condition of the property. As of my knowledge cutoff in early 2023, the average price for a 3-bedroom home in Prospect might range from $250,000 to $350,000, while a 4-bedroom home could be priced between $300,000 and $450,000. These prices can fluctuate based on the real estate market and specific neighborhood characteristics.

When it comes to apartment rentals, a 1-bedroom apartment in Prospect might cost around $1,000 to $1,200 per month, while a 2-bedroom apartment could range from $1,200 to $1,500 per month. Apartment purchases are less common in Prospect, but condos and townhomes may be available with prices depending on the size, location, and amenities offered. For a 2-bedroom unit, prices could range from $150,000 to $250,000.

Dining out in Prospect offers a variety of options, from casual eateries to more upscale restaurants. A meal at an inexpensive restaurant might cost around $15 to $20 per person, while a three-course meal at a mid-range restaurant could be priced at $50 to $70 for two people. Utilities, including electricity, heating, cooling, water, and garbage, for a standard apartment can cost around $150 to $250 per month, depending on usage and the time of year.

Private school tuition varies widely based on the institution and the level of education. For preschool, annual tuition can range from $5,000 to $10,000. Elementary schools might charge between $10,000 and $20,000 per year, while middle and high school tuitions could be in the range of $15,000 to $30,000 annually. These costs are highly dependent on the specific private school and the programs it offers.