Cost of Living in New Hyde Park
Summary: If you are thinking about moving to New Hyde Park, here is an overview of the cost of living there.
New Hyde Park, is a suburban community located in Nassau County, with a cost of living that is generally higher than the national average, reflecting the overall cost of living in the Long Island and the Greater New York City area. Housing costs in New Hyde Park are a significant component of the overall cost of living, with prices for homes varying depending on size, location, and condition. As of my knowledge cutoff in early 2023, the median price for a 3-bedroom home in New Hyde Park could range from $600,000 to $800,000, while a 4-bedroom home might be priced between $700,000 and over $1,000,000. These prices can fluctuate based on market conditions and specific neighborhood characteristics.
Apartment rentals in New Hyde Park also reflect the high cost of living in the area. A 1-bedroom apartment might rent for between $1,800 and $2,500 per month, while a 2-bedroom apartment could cost anywhere from $2,300 to $3,000 or more per month. Purchasing an apartment or a condo in New Hyde Park can also be quite costly, with prices starting around $300,000 and going up significantly based on size, location, and amenities.
When it comes to dining out, restaurant prices in New Hyde Park can vary widely. 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 and $75 per person. For those who prefer cooking at home, monthly utilities for a standard 85m² apartment, including electricity, heating, cooling, water, and garbage, can range from $150 to $250, depending on usage and the time of year.
Private school tuition in New Hyde Park is another factor to consider for families with children. Preschool costs can vary, but on average, you might expect to pay between $10,000 and $20,000 per year for a private preschool. Elementary and middle schools can have tuition ranging from $5,000 to $25,000 per year, depending on the institution. Private high schools can be even more expensive, with annual tuition fees ranging from $10,000 to over $30,000. These costs can be influenced by the school's reputation, facilities, and the educational programs offered.
| Item | Cost |
|---|---|
| 3-bedroom home (purchase) | $600,000 - $800,000 |
| 4-bedroom home (purchase) | $700,000 - $1,000,000+ |
| 1-bedroom apartment (rent) | $1,800 - $2,500/month |
| 2-bedroom apartment (rent) | $2,300 - $3,000+/month |
| Apartment (purchase) | Starting at $300,000 |
| Inexpensive restaurant meal | $15 - $25/person |
| Mid-range restaurant 3-course meal | $50 - $75/person |
| Monthly utilities | $150 - $250 |
| Private preschool tuition (annual) | $10,000 - $20,000 |
| Private elementary/middle school tuition (annual) | $5,000 - $25,000 |
| Private high school tuition (annual) | $10,000 - $30,000+ |
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.
New York Forum
Talk with other digital nomads and expats in New York on our New York forum - meet people, get advice and help others.
Contribute
Help others in New York by answering questions about the challenges and adventures of living in New York.
