×
Interested in our Partner Program for businesses or our Local Guide Program for experienced expats and digital nomads? Click here to learn more.
BlueBurbia - Cost of Living in Spring Lake 2024
BlueBurbia


Cost of Living in Spring Lake

By Joshua Wood, LPC

Summary: If you are thinking about moving to Spring Lake, here is an overview of the cost of living there.

Spring Lake, is known for its serene environment, beautiful beaches, and affluent community. The cost of living in Spring Lake is significantly higher than the national average, reflecting its status as a desirable coastal town. Housing prices in Spring Lake are quite steep, with 3 and 4 bedroom homes often being a significant investment. As of my knowledge cutoff in early 2023, the median home value in Spring Lake is well over $1 million. A typical 3-bedroom home can range from $1.2 million to $2 million, while 4-bedroom homes can go from $1.5 million to upwards of $3 million, depending on the location, size, and amenities of the property.

Apartment rentals in Spring Lake are also on the higher end. A 1-bedroom apartment can cost anywhere from $1,500 to $2,500 per month, while larger 2-bedroom apartments can range from $2,000 to $3,500 per month. Apartment purchases are similarly high, with prices depending on the proximity to the beach, the size of the unit, and the building's amenities. A condo or an apartment can range from $500,000 to over $1 million.

Dining out in Spring Lake can cater to a range of budgets, but many restaurants are upscale, reflecting the town's affluent nature. A meal at a mid-range restaurant can cost around $50 to $100 per person, while a dinner at a high-end restaurant can easily exceed $100 per person, especially if it includes wine or cocktails.

Utilities in Spring Lake, including electricity, heating, cooling, water, and garbage services, can cost around $200 to $400 per month for a standard home, depending on usage and the time of year. The summer months may see higher costs due to air conditioning usage.

Private school tuition varies widely, but in general, it is a significant expense in Spring Lake. Preschool programs can range from $10,000 to $20,000 per year. Elementary and middle schools can cost between $15,000 and $30,000 per year, while private high schools can range from $20,000 to over $40,000 per year, depending on the institution's prestige and offerings.

Item Cost
3-bedroom home purchase $1.2 million - $2 million
4-bedroom home purchase $1.5 million - $3 million+
1-bedroom apartment rental $1,500 - $2,500 per month
2-bedroom apartment rental $2,000 - $3,500 per month
Apartment purchase $500,000 - $1 million+
Mid-range restaurant meal (per person) $50 - $100
High-end restaurant meal (per person) $100+
Monthly utilities $200 - $400
Private preschool tuition (annual) $10,000 - $20,000
Private elementary/middle school tuition (annual) $15,000 - $30,000
Private high school tuition (annual) $20,000 - $40,000+

About the Author

Joshua Wood 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.


New Jersey Forum New Jersey Forum
Talk with other digital nomads and expats in New Jersey on our New Jersey forum - meet people, get advice and help others.

Contribute to New Jersey Network Contribute
Help others in New Jersey by answering questions about the challenges and adventures of living in New Jersey.

Real Estate in New JerseyReal Estate in New Jersey

Real estate listings in popular cities and towns in New Jersey.

Contribute to New Jersey Network Contribute
Help others in New Jersey by answering questions about the challenges and adventures of living in New Jersey.

VRBO
VRBO

Our Story Our Team Contact Us Partner with Us
Country Resources
More Resources

Copyright 1997-2024 Burlingame Interactive, Inc.

Privacy Policy Legal Partners & Local Guides