Cost of Living in Teaneck
Summary: If you are thinking about moving to Teaneck, here is an overview of the cost of living there.
Teaneck, is a diverse and family-friendly suburb located in Bergen County, with a cost of living that is reflective of its proximity to New York City and the amenities it offers. Housing prices in Teaneck can vary widely depending on the neighborhood, the size of the home, and its condition. As of my knowledge cutoff in early 2023, the median price for a 3-bedroom home in Teaneck might range from $450,000 to $600,000, while a 4-bedroom home could cost anywhere from $500,000 to over $700,000. These prices can fluctuate based on market conditions and specific home features.
Apartment rentals in Teaneck also cover a broad spectrum, with 1-bedroom units starting around $1,500 per month and 2-bedroom units going up to $2,500 or more per month. For those interested in purchasing an apartment or a condo, prices can start around $200,000 for a 1-bedroom and go up to $400,000 or more for a 2-bedroom unit, with luxury units and those in highly sought-after locations commanding higher prices.
When it comes to dining out, Teaneck offers a variety of restaurants ranging from casual eateries to upscale dining experiences. A typical meal at a mid-range restaurant might cost between $15 and $30 per person, while a dinner for two at a higher-end restaurant can easily exceed $100, not including drinks, tax, or tip.
Utilities in Teaneck, including electricity, heating, cooling, water, and garbage services, can average around $250 to $350 per month for a standard family home, but this can vary based on usage and the size of the dwelling. Internet services typically add another $60 to $100 to monthly expenses.
Private school tuition in Teaneck is quite variable, depending 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 schools and high schools can cost anywhere from $15,000 to over $30,000 per year. These figures are approximate and can be higher for schools with more specialized programs or prestige.
| Item | Cost |
|---|---|
| 3-bedroom home (purchase) | $450,000 - $600,000 |
| 4-bedroom home (purchase) | $500,000 - $700,000+ |
| 1-bedroom apartment (rent) | $1,500+ per month |
| 2-bedroom apartment (rent) | $2,500+ per month |
| 1-bedroom apartment (purchase) | $200,000+ |
| 2-bedroom apartment (purchase) | $400,000+ |
| Mid-range restaurant meal | $15 - $30 per person |
| Upscale restaurant dinner for two | $100+ |
| Utilities (monthly average) | $250 - $350 |
| Internet (monthly) | $60 - $100 |
| 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
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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