Cost of Living in Moorestown

Moorestown, is known for its quaint charm, community feel, and relatively high cost of living compared to the national average. Housing prices in Moorestown can vary widely depending on the neighborhood, the size of the home, and its condition. As of my knowledge cutoff in early 2023, the median home value in Moorestown is quite high, reflecting the town's desirability and the overall housing market in the region. For a 3-bedroom home, prices typically start around $400,000 and can go up to $600,000 or more, depending on the specific features and location. A 4-bedroom home in Moorestown can range from $500,000 to well over $1 million for more luxurious properties or those in the most sought-after neighborhoods.

Apartment rentals in Moorestown also reflect the higher cost of living. A 1-bedroom apartment might start at around $1,200 per month, while a 2-bedroom unit could cost anywhere from $1,500 to $2,500 per month. Apartment purchases are less common in Moorestown, as the housing market is predominantly composed of single-family homes. However, for condos or townhomes, prices can range from $200,000 to $500,000 or more, depending on the size and amenities offered.

When it comes to dining out, Moorestown offers a variety of restaurants ranging from casual eateries to upscale dining experiences. A meal at a mid-range restaurant for two could cost between $50 and $100, while a dinner at a higher-end establishment might be upwards of $100, not including drinks, tax, or tip. Fast food and takeout options are more budget-friendly, with meals typically costing between $10 and $20 per person.

Utilities in Moorestown, including electricity, heating, cooling, water, and garbage, can average around $200 to $300 per month for a standard-sized home, but this can fluctuate based on usage and the time of year. Internet services add an additional cost, typically ranging from $60 to $100 per month depending on the speed and provider.

Private school tuition in Moorestown varies by the level of education and the institution. Preschool tuition can range from $10,000 to $20,000 per year. Elementary and middle schools can cost between $15,000 and $30,000 annually, while private high schools can be even more expensive, with some tuitions exceeding $30,000 per year. These costs reflect the quality of education and facilities that these private institutions offer.