Cost of Living in Boonton

Boonton, is a small town in Morris County with a diverse range of living costs. Housing prices in Boonton can vary significantly based on the location, size, and condition of the property. As of my knowledge cutoff in early 2023, the median home value in Boonton is around $400,000 to $500,000. For a 3-bedroom home, prices typically range from $350,000 to $450,000, while 4-bedroom homes can range from $450,000 to $600,000 or more, depending on the neighborhood and amenities.

When it comes to apartment rentals, a 1-bedroom apartment in Boonton might cost between $1,200 and $1,800 per month, while a 2-bedroom apartment can range from $1,800 to $2,500 per month. Apartment purchases, on the other hand, can vary widely, with condos and townhomes starting at around $200,000 and going up to $500,000 or more for luxury units with more space and amenities.

Dining out in Boonton can cater to a variety of 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 be priced between $50 and $70 per person. For those who prefer fine dining experiences, the cost can be significantly higher.

Utilities, including electricity, heating, cooling, water, and garbage, for a standard 85m² apartment in Boonton, typically range from $150 to $250 per month, depending on usage and the time of year. Internet services add an additional cost of approximately $60 to $100 per month.

Private school tuition in Boonton can be a substantial expense for families. Preschool (or Kindergarten) can cost anywhere from $10,000 to $20,000 per year. Elementary schools vary, with tuition ranging from $5,000 to $25,000 per year. Middle schools and high schools can be even more expensive, with annual tuition fees ranging from $10,000 to $30,000 or more, depending on the institution's reputation and facilities.