Cost of Living in Tewksbury

Tewksbury, is a small township located in Hunterdon County, known for its rural charm and relatively high standard of living. The cost of living in Tewksbury is generally higher than the national average, reflecting the desirability of the area and its proximity to major cities like New York and Philadelphia. Housing costs in Tewksbury are a significant factor in the overall cost of living, with prices for homes reflecting the affluent nature of the community.

For those looking to purchase a home, the housing market in Tewksbury can be quite expensive. A 3-bedroom home in Tewksbury typically ranges from $500,000 to $700,000, depending on the size, condition, and location of the property. A larger 4-bedroom home can cost anywhere from $700,000 to well over $1 million, with luxury properties and estates reaching even higher prices. Apartment rentals are less common in this predominantly residential area, but for those available, a 1 or 2-bedroom apartment might rent for between $1,500 and $2,500 per month. Apartment purchases are not as common as house purchases, but condos and townhomes may be available, with prices varying widely based on size and amenities, often starting at around $300,000 and going up from there.

Dining out in Tewksbury can also reflect the higher cost of living, with many local restaurants offering a range of American and international cuisines. A meal at a mid-range restaurant for two could cost between $50 and $100, while a dinner at a more upscale establishment could easily exceed $100 for two people. Utilities, including electricity, heating, cooling, water, and garbage, can cost around $200 to $300 per month for a standard home, though this can fluctuate based on usage and the size of the dwelling.

Private school tuition in Tewksbury varies depending on the institution and the level of education. For preschool, tuition can range from $10,000 to $20,000 per year. Elementary and middle schools can cost between $15,000 and $30,000 annually, while private high schools can be even more expensive, with some tuitions reaching upwards of $40,000 per year. These costs reflect the quality of education and facilities provided by private institutions in the area.