Cost of Living in Bayville
Summary: If you are thinking about moving to Bayville, here is an overview of the cost of living there.
Bayville, located on the North Shore of Long Island, is a quaint village that offers a serene coastal lifestyle. The cost of living in Bayville is generally higher than the national average, primarily due to the real estate market and proximity to New York City. Housing prices in Bayville can vary significantly based on proximity to the water, size, and condition of the property. As of my knowledge cutoff in early 2023, the median home value for a 3-bedroom home in Bayville is approximately $550,000 to $650,000, while a 4-bedroom home may range from $650,000 to $800,000 or more, depending on the location and amenities.
Apartment rentals in Bayville are also on the higher side, with a 1-bedroom apartment typically ranging from $1,800 to $2,500 per month. Larger apartments, such as 2-bedroom units, can cost anywhere from $2,500 to $3,500 per month. If you're looking to purchase an apartment or a condo, prices can vary widely, but you can expect to pay anywhere from $300,000 to $500,000 for a 2-bedroom unit, again depending on the exact location and the features of the property.
Dining out in Bayville can cater to a variety of tastes and budgets. 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 set you back $50 to $75 per person, excluding drinks and gratuity. For those who prefer cooking at home, monthly utilities for a standard 85m² apartment, including electricity, heating, cooling, water, and garbage, can range from $150 to $250, depending on usage and the time of year.
Private school tuition in Bayville can be quite costly, reflecting the general trend in the New York metropolitan area. For preschool, annual tuition can range from $10,000 to $20,000. Elementary schools can cost between $15,000 and $30,000 per year, while middle and high schools can be even more expensive, with tuition ranging from $20,000 to $40,000 or more annually. These costs can vary based on the institution's reputation, facilities, and the educational programs offered.
| Item | Cost |
|---|---|
| 3-Bedroom Home Purchase | $550,000 - $650,000 |
| 4-Bedroom Home Purchase | $650,000 - $800,000+ |
| 1-Bedroom Apartment Rental | $1,800 - $2,500 / month |
| 2-Bedroom Apartment Rental | $2,500 - $3,500 / month |
| 2-Bedroom Apartment Purchase | $300,000 - $500,000 |
| Inexpensive Restaurant Meal | $15 - $25 |
| Mid-Range Restaurant 3-Course Meal | $50 - $75 |
| Monthly Utilities (85m² Apartment) | $150 - $250 |
| Private Preschool Tuition (Annual) | $10,000 - $20,000 |
| Private Elementary School Tuition (Annual) | $15,000 - $30,000 |
| Private Middle School Tuition (Annual) | $20,000 - $40,000 |
| Private High School Tuition (Annual) | $20,000 - $40,000+ |
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.
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