Cost of Living in Cos Cob
Summary: If you are thinking about moving to Cos Cob, here is an overview of the cost of living there.
Cos Cob, is a neighborhood in the town of Greenwich, known for its affluent community and high cost of living compared to the national average. Housing prices in Cos Cob reflect the overall affluence of the Greenwich area. For a 3-bedroom home, prices can vary widely depending on the location, size, and condition of the property, but buyers should expect to pay anywhere from $700,000 to over $1.5 million. A 4-bedroom home in Cos Cob typically starts at around $1 million and can go up to several million dollars for properties with more land, luxury features, or proximity to the waterfront.
Apartment rentals in Cos Cob are also on the higher end. A 1-bedroom apartment can cost between $2,000 to $3,000 per month, while larger 2 or 3-bedroom apartments can range from $3,500 to $6,000 or more per month. For those interested in purchasing an apartment or a condominium, the prices can be quite steep, with smaller units starting at around $500,000 and larger, more luxurious units exceeding $1 million.
When it comes to dining out, restaurant prices in Cos Cob are reflective of its upscale community. A meal at a mid-range restaurant can cost between $15 to $30 per person, while a three-course meal at a higher-end establishment can easily run $50 to $100 per person, excluding drinks and gratuities. Utilities, including electricity, heating, cooling, water, and garbage services for a standard 915-square-foot apartment, can average around $200 to $300 per month, depending on usage and the time of year.
Private school tuition in Cos Cob is another significant expense for families. Preschools, often referred to as nursery schools or pre-K programs, can cost anywhere from $10,000 to $30,000 per year. Elementary and middle schools can have tuition that ranges from $25,000 to $40,000 annually. High school tuition can be even higher, with some of the top private schools in the area charging between $40,000 and $50,000 per year. These costs can vary based on the institution's reputation, facilities, and the breadth of programs offered.
| Item | Cost |
|---|---|
| 3-Bedroom Home Purchase | $700,000 - $1.5 million+ |
| 4-Bedroom Home Purchase | $1 million - Several million |
| 1-Bedroom Apartment Rental | $2,000 - $3,000 per month |
| 2-3 Bedroom Apartment Rental | $3,500 - $6,000+ per month |
| Apartment Purchase | $500,000 - $1 million+ |
| Mid-Range Restaurant Meal | $15 - $30 per person |
| High-End Restaurant Meal | $50 - $100 per person |
| Utilities (Monthly Average) | $200 - $300 |
| Private Preschool Tuition (Annual) | $10,000 - $30,000 |
| Private Elementary/Middle School Tuition (Annual) | $25,000 - $40,000 |
| Private High School Tuition (Annual) | $40,000 - $50,000 |
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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