Cost of Living in Stone Harbor
Summary: If you are thinking about moving to Stone Harbor, here is an overview of the cost of living there.
Stone Harbor, is a small, affluent beach town known for its picturesque setting and high-end real estate. The cost of living in Stone Harbor is significantly higher than the national average, primarily due to the premium housing market in this coastal area. Housing prices for 3 and 4 bedroom homes in Stone Harbor can vary greatly depending on proximity to the beach and other amenities. As of my knowledge cutoff in early 2023, a 3-bedroom home in Stone Harbor could range from $1 million to over $2 million, while a 4-bedroom home could cost anywhere from $1.5 million to well over $3 million, with some properties even exceeding this range.
Apartment rentals in Stone Harbor are also on the pricier side, with monthly rents for a 1-bedroom apartment typically starting around $1,500 and going up to $3,000 or more during the peak summer season. Larger apartments or those with premium features and locations can command even higher rents. Apartment purchases are less common, as the market is dominated by single-family homes and townhouses, but a luxury condo or apartment could cost anywhere from $500,000 to over $1 million, depending on the size and location.
Dining out in Stone Harbor can cater to a range of budgets, but many restaurants here are upscale, reflecting the town's affluent population. A meal at a mid-range restaurant might cost between $15 and $30 per person, while a dinner at a higher-end establishment could easily run $50 to $100 per person, excluding drinks and gratuities. Utilities, including electricity, heating, cooling, water, and garbage, for a standard 915-square-foot apartment in Stone Harbor, can average between $200 and $300 per month, depending on usage and the time of year.
Private school tuition in Stone Harbor varies widely based on the institution and the level of education. Preschool tuition can range from $10,000 to $20,000 per year. Elementary schools might charge between $10,000 and $25,000 annually, while middle and high schools can cost from $15,000 to over $30,000 per year. These prices are indicative of the exclusive nature of private education in the area and may include additional fees for activities, materials, and other services.
| Item | Cost |
|---|---|
| 3-bedroom home purchase | $1,000,000 - $2,000,000+ |
| 4-bedroom home purchase | $1,500,000 - $3,000,000+ |
| 1-bedroom apartment rental (monthly) | $1,500 - $3,000+ |
| Luxury condo/apartment purchase | $500,000 - $1,000,000+ |
| Mid-range restaurant meal (per person) | $15 - $30 |
| High-end restaurant meal (per person) | $50 - $100 |
| Utilities (monthly for a standard apartment) | $200 - $300 |
| Private preschool tuition (annual) | $10,000 - $20,000 |
| Private elementary school tuition (annual) | $10,000 - $25,000 |
| Private middle school tuition (annual) | $15,000 - $30,000 |
| Private high school tuition (annual) | $15,000 - $30,000+ |
About the Author
Betsy Burlingame is one of the founders of BlueBurbia and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and BlueBurbia, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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
Help others in New Jersey by answering questions about the challenges and adventures of living in New Jersey.
