Cost of Living in Crestwood

Crestwood, a neighborhood in the southern part of the town of Yonkers, offers a suburban feel with close proximity to New York City. The cost of living in Crestwood is generally higher than the national average, reflecting the overall cost of living in Westchester County and the greater New York City metropolitan area. Housing costs are a significant factor in the area's cost of living, with prices varying based on the size and location of the property.

For those looking to purchase a home, the median home value in Crestwood is quite high compared to national figures. A 3-bedroom home in Crestwood can range from $500,000 to over $700,000, depending on the exact location, age, and condition of the property. A larger 4-bedroom home can command prices from $600,000 to well over $1 million. These prices are indicative of the desirable location and the premium for living close to New York City.

Apartment rentals in Crestwood also reflect the high demand for living in the area. A 1-bedroom apartment can rent for between $1,500 and $2,500 per month, while a 2-bedroom apartment can range from $2,000 to $3,500 per month. For those interested in purchasing an apartment, prices can vary widely based on size, location, and amenities, but a ballpark figure would be between $300,000 and $600,000 for a 2-bedroom unit.

Dining out in Crestwood 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 can set you back $50 to $100 per person, excluding drinks and gratuity. Of course, fine dining options are also available, with prices to match the upscale experience.

Utilities, including electricity, heating, cooling, water, and garbage, for a standard 915-square-foot apartment in Crestwood, can average between $150 and $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 varies widely based on the institution and the level of education. Preschools in the area can cost anywhere from $10,000 to $20,000 per year. Elementary and middle schools can range from $15,000 to $30,000 per year, while private high schools can be even more expensive, with some costing over $40,000 annually. These figures are approximate and can be higher for prestigious institutions or those offering specialized programs.