Cost of Living in Chatham

Chatham, is known for its high quality of life, excellent schools, and proximity to New York City, which contributes to its relatively high cost of living. Housing prices in Chatham can vary widely depending on the location, size, and condition of the property. As of my knowledge cutoff in early 2023, the median home price in Chatham for a 3-bedroom home is typically around $700,000 to $900,000, while a 4-bedroom home can range from $900,000 to well over $1.5 million, with some properties exceeding this range significantly.

Apartment rentals in Chatham also reflect the town's affluent status. A 1-bedroom apartment might start around $1,800 per month, while larger 2 or 3-bedroom apartments can easily reach $2,500 to $4,000 per month or more. For those interested in purchasing an apartment or a condo, prices can range from $400,000 to $800,000 or more, depending on the size and amenities offered.

Dining out in Chatham can cater to a variety of tastes and budgets, but overall, restaurant prices tend to be on the higher side. 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 between $50 and $75 per person, not including drinks, tax, or tip. Upscale dining experiences will, of course, come with a higher price tag.

Utilities in Chatham, including electricity, heating, cooling, water, and garbage, can average around $200 to $300 per month for a standard family home, but this can fluctuate based on usage and the size of the home. Internet services typically add another $60 to $100 per month.

Private school tuition in Chatham is another significant expense for families. Preschool costs can vary, with some programs starting at around $1,000 per month. Elementary and middle schools can range from $10,000 to $25,000 per year, while private high schools can be even more costly, with annual tuition fees ranging from $20,000 to $40,000 or more, depending on the institution.