Cost of Living in Cedar Grove

Cedar Grove, is a suburban township in Essex County with a relatively high cost of living compared to the national average, reflecting the general cost of living in the Northeastern United States and its proximity to New York City. Housing prices in Cedar Grove can vary widely depending on the location, size, and condition of the property. As of my knowledge cutoff in early 2023, the median home value in Cedar Grove is around $600,000. For a 3-bedroom home, prices typically range from $450,000 to $650,000, while 4-bedroom homes can range from $550,000 to over $800,000, with some properties exceeding this range, especially for new construction or homes with premium features.

Apartment rentals in Cedar Grove also reflect the higher cost of living. A 1-bedroom apartment might rent for between $1,500 and $2,000 per month, while a 2-bedroom apartment can range from $2,200 to $3,000 or more per month. Purchasing an apartment or a condo can vary greatly, but prices might start around $300,000 and go up significantly based on the size and amenities offered. Dining out in Cedar Grove can also be a bit pricey, with casual dining restaurants averaging $15 to $25 per person for a meal, and finer dining establishments can be significantly higher.

Utilities, including electricity, heating, cooling, water, and garbage, can cost around $250 to $400 per month for a standard family home, but this can fluctuate based on usage and the time of year. Cedar Grove does not have its own public utility, so residents rely on regional providers.

Private school tuition varies widely depending on the institution and the level of education. Preschool tuition can range from $10,000 to $20,000 per year. Elementary and middle schools can cost between $10,000 and $30,000 annually, while private high schools can range from $15,000 to over $40,000 per year. These costs are influenced by the school's reputation, facilities, and the breadth of programs offered.