Cost of Living in New Rochelle

New Rochelle, located in Westchester County, is a suburban city with a diverse range of living costs. Housing prices in New Rochelle can vary significantly based on the neighborhood and the condition of the property. As of my knowledge cutoff in early 2023, the median home value in New Rochelle is around $650,000, but prices can go much higher for more luxurious properties or desirable locations. For a 3-bedroom home, buyers might expect to pay anywhere from $500,000 to $800,000, while a 4-bedroom home could range from $600,000 to well over $1 million, depending on the size, location, and amenities.

Apartment rentals also vary, with a 1-bedroom apartment typically ranging from $1,800 to $2,500 per month, while a 2-bedroom can range from $2,300 to $3,500 or more. For those looking to purchase an apartment, prices can range from $300,000 for a modest 1-bedroom to $700,000 or more for a 3-bedroom unit with luxury features. Dining out in New Rochelle can be relatively affordable or quite expensive, depending on the restaurant. 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 between $50 and $100 per person.

Utilities, including electricity, heating, cooling, water, and garbage, for a standard 85m² apartment, can cost around $150 to $250 per month, depending on usage and the time of year. Internet services typically add another $60 to $100 to monthly expenses. 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 schools might charge between $15,000 and $30,000, while middle and high schools can cost anywhere from $20,000 to over $40,000 annually. These costs reflect the wide range of private educational institutions available in and around New Rochelle, from parochial to independent private schools.