Cost of Living in Point Pleasant Beach

Point Pleasant Beach, is a coastal town known for its beautiful beaches, boardwalk, and family-friendly atmosphere. The cost of living in Point Pleasant Beach is generally higher than the national average, primarily due to its desirable location and real estate market. Housing prices in Point Pleasant Beach can vary significantly based on proximity to the beach and other amenities. As of my knowledge cutoff in early 2023, the median home value in Point Pleasant Beach is quite high, with 3-bedroom homes typically ranging from $600,000 to over $1 million, depending on the location, condition, and size of the property. For 4-bedroom homes, prices can escalate even further, often exceeding $1 million, with some properties reaching up to $2 million or more for prime locations or new construction.

Apartment rentals in Point Pleasant Beach also reflect the town's popularity as a summer destination. Monthly rents for apartments can range from $1,500 to $3,000 or more, depending on the number of bedrooms, amenities, and location. Purchasing an apartment or a condo can also be quite costly, with prices starting around $300,000 and going up to $800,000 or more for units with ocean views or in newer buildings.

When it comes to dining out, Point Pleasant Beach offers a variety of restaurants ranging from casual eateries to upscale dining experiences. A typical meal at a mid-range restaurant can cost between $15 and $30 per person, while a dinner for two at a higher-end restaurant can easily exceed $100, especially if you include wine or cocktails.

Utilities, including electricity, heating, cooling, water, and garbage, can cost around $200 to $400 per month, depending on the size of the home and usage. During the summer months, when air conditioning is in higher demand, utility costs can be on the higher end of that range.

Private school tuition in Point Pleasant Beach varies widely based on the institution and the level of education. Preschool tuition can range from $800 to $1,500 per month. For elementary and middle schools, annual tuition can range from $5,000 to $15,000, while high school tuition can be even higher, potentially exceeding $20,000 per year. These costs can be influenced by the school's reputation, facilities, and the breadth of programs offered.