Cost of Living in Rutherford
Summary: If you are thinking about moving to Rutherford, here is an overview of the cost of living there.
Rutherford, is a borough located in Bergen County, known for its small-town charm and proximity to New York City. The cost of living in Rutherford is generally higher than the national average, reflecting the overall trend in the region. Housing prices in Rutherford can vary widely depending on the location, size, and condition of the property. As of my knowledge cutoff in early 2023, the median home value for a 3-bedroom home in Rutherford is approximately $500,000 to $600,000, while a 4-bedroom home may range from $600,000 to $750,000 or more, depending on various factors such as proximity to transportation and the condition of the home.
Apartment rentals in Rutherford also reflect the higher cost of living. A 1-bedroom apartment typically rents 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, prices can vary significantly based on size, location, and amenities, but a ballpark figure would be in the range of $300,000 to $500,000 for a 2-bedroom unit.
Dining out in Rutherford offers a variety 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 priced between $50 and $70 per person, excluding drinks and gratuity. Utilities, including electricity, heating, cooling, water, and garbage, for a standard 85m² apartment, can cost around $150 to $250 per month, depending on usage and the time of year.
Private school tuition in Rutherford varies widely depending on the institution and the level of education. Preschool costs can range from $10,000 to $20,000 per year, while elementary schools might charge between $10,000 and $25,000 annually. Middle schools and high schools can be more expensive, with tuition ranging from $15,000 to $30,000 or more per year. These costs are influenced by the school's reputation, facilities, and the educational programs offered.
| Item | Cost |
|---|---|
| 3-bedroom home (purchase) | $500,000 - $600,000 |
| 4-bedroom home (purchase) | $600,000 - $750,000+ |
| 1-bedroom apartment (rent) | $1,500 - $2,000/month |
| 2-bedroom apartment (rent) | $2,000 - $2,500+/month |
| 2-bedroom apartment (purchase) | $300,000 - $500,000 |
| Inexpensive restaurant meal | $15 - $25/person |
| Mid-range restaurant (3-course) | $50 - $70/person |
| Utilities (monthly for 85m² apartment) | $150 - $250 |
| Private preschool (annual tuition) | $10,000 - $20,000 |
| Private elementary school (annual tuition) | $10,000 - $25,000 |
| Private middle school (annual tuition) | $15,000 - $30,000 |
| Private high school (annual tuition) | $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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