Cost of Living in Scarsdale

Scarsdale, is known for its high cost of living, particularly in terms of housing. The housing market in Scarsdale is quite expensive, with prices for 3-bedroom homes typically starting at around $1 million and can go up significantly depending on the location, size, and condition of the property. For a 4-bedroom home, prices are even higher, often starting at $1.2 million and can reach several million dollars for more luxurious properties or those in the most sought-after neighborhoods.

Apartment rentals in Scarsdale are also costly. A 1-bedroom apartment can cost anywhere from $2,000 to $3,000 per month, while larger 2-bedroom apartments can range from $3,500 to $5,000 per month or more. Apartment purchases are a significant investment as well, with prices for a 2-bedroom apartment typically starting at around $500,000 and increasing from there based on size, location, and amenities.

When it comes to dining out, Scarsdale offers a variety of restaurants ranging from casual eateries to upscale dining experiences. A meal at a mid-range restaurant can cost between $50 and $100 per person, while a dinner at a high-end restaurant can easily exceed $100 per person, especially if you include wine or cocktails.

Utilities in Scarsdale, including electricity, heating, cooling, water, and garbage services, can average around $250 to $400 per month for a standard family home, depending on usage and the time of year. However, this can vary widely with the size of the home and the efficiency of the appliances.

Private school tuition in Scarsdale is another significant expense for families. Preschool costs can range from $10,000 to $20,000 per year. Elementary and middle school tuitions vary, but many private institutions charge between $25,000 and $40,000 annually. High school tuition can be even more expensive, with some of the top private schools in the area charging upwards of $40,000 to $50,000 per year.