Cost of Living in Newtown

Newtown, is a picturesque town located in Fairfield County, known for its excellent schools, community feel, and relatively high cost of living compared to the national average. Housing prices in Newtown can vary widely depending on the neighborhood, size, and condition of the property. As of my knowledge cutoff in early 2023, the median home value in Newtown is around $450,000. For a 3-bedroom home, prices typically range from $300,000 to $500,000, while 4-bedroom homes can range from $400,000 to $600,000 or more, depending on the location and amenities.

Apartment rentals in Newtown are also on the higher side, with a 1-bedroom apartment averaging around $1,500 per month, while a 2-bedroom apartment can cost upwards of $2,000 per month. Purchasing an apartment or a condo can vary greatly, but prices can start from around $200,000 and go up to $500,000 or more for luxury units with more space and amenities.

When it comes to dining out, Newtown offers a variety of restaurants ranging from casual eateries to upscale dining experiences. A meal at an inexpensive restaurant might cost around $15 to $20 per person, while a three-course meal at a mid-range restaurant can set you back about $50 to $70 per person, excluding drinks and gratuity.

Utilities, including electricity, heating, cooling, water, and garbage, for a standard 85m² apartment in Newtown, can cost around $200 to $300 per month, depending on usage and the time of year. Internet services typically add another $60 to $100 to monthly expenses.

Private school tuition in Newtown can be a significant expense for families. Preschool costs can range from $10,000 to $20,000 per year. 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 annually. These costs can vary based on the institution's reputation, facilities, and the educational programs offered.