Cost of Living in Malverne

Malverne, is a small village located in Nassau County on Long Island, known for its suburban charm and community-oriented atmosphere. The cost of living in Malverne is generally higher than the national average, reflecting the overall cost of living in the New York metropolitan area. Housing prices in Malverne vary depending on the size, location, and condition of the property. As of my knowledge cutoff in early 2023, the median home value in Malverne for a 3-bedroom home is approximately $500,000 to $600,000, while a 4-bedroom home may range from $600,000 to $700,000 or more. These prices can fluctuate based on market conditions and specific neighborhood characteristics.

Apartment rentals in Malverne are also on the pricier side, with a 1-bedroom apartment typically ranging from $1,500 to $2,000 per month, and a 2-bedroom apartment ranging from $2,000 to $2,500 per month. Apartment purchases are less common in Malverne, but condos and co-ops may be available, with prices varying widely based on size and amenities. Dining out in Malverne can be relatively affordable, with casual dining restaurants offering meals for around $15 to $25 per person, while finer dining experiences can cost upwards of $50 per person.

Utilities, including electricity, heating, cooling, water, and garbage services, can cost around $200 to $300 per month for a moderate-sized home, but this can vary with usage and seasonal changes. Private school tuition in Malverne varies by institution and educational level. Preschool tuition can range from $10,000 to $20,000 per year, depending on the program's quality and duration. Elementary and middle schools can cost between $15,000 and $30,000 per year, while private high schools can range from $20,000 to $40,000 per year or more for prestigious institutions.