Cost of Living in Freeport
Summary: If you are thinking about moving to Freeport, here is an overview of the cost of living there.
Freeport, located on the South Shore of Long Island, offers a diverse range of living costs that can vary depending on the specific area and type of housing. As of my knowledge cutoff in early 2023, the housing market in Freeport is relatively competitive, with prices reflecting the demand for proximity to New York City and the amenities of Long Island. For 3-bedroom homes, buyers can expect to find prices starting around $400,000 and going up to $600,000 or more, depending on the location, condition, and size of the property. Four-bedroom homes typically start at about $500,000 and can exceed $700,000 for larger, more updated properties in desirable neighborhoods.
Apartment rentals in Freeport also cover a broad spectrum. A 1-bedroom apartment might rent for anywhere between $1,500 to $2,500 per month, while larger 2-bedroom apartments can range from $2,000 to $3,000 per month. Purchasing an apartment or a condo can be a significant investment, with prices starting around $200,000 for a modest unit and climbing to $500,000 or more for luxury accommodations with more space and amenities.
Dining out in Freeport can be as affordable or as expensive as one chooses, with a variety of restaurants catering to different 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 could be priced between $50 to $75 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 Freeport, 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 varies widely based on the institution and the level of education. Preschool costs can range from $10,000 to $20,000 per year. Elementary and middle schools might charge anywhere from $15,000 to $30,000 annually, while private high schools can cost between $20,000 and $40,000 per year or more for prestigious institutions.
| Item | Cost |
|---|---|
| 3-Bedroom Home Purchase | $400,000 - $600,000+ |
| 4-Bedroom Home Purchase | $500,000 - $700,000+ |
| 1-Bedroom Apartment Rental | $1,500 - $2,500/month |
| 2-Bedroom Apartment Rental | $2,000 - $3,000/month |
| Apartment Purchase | $200,000 - $500,000+ |
| Inexpensive Restaurant Meal | $15 - $25/person |
| Mid-Range Restaurant Meal | $50 - $75/person |
| Utilities (Monthly for 85m² Apartment) | $150 - $250 |
| Internet (Monthly) | $60 - $100 |
| Private Preschool Tuition (Annual) | $10,000 - $20,000 |
| Private Elementary/Middle School Tuition (Annual) | $15,000 - $30,000 |
| Private High School Tuition (Annual) | $20,000 - $40,000+ |
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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