Cost of living in North Elba
North Elba, located in the scenic state of New York, offers a unique blend of natural beauty and small-town charm. Understanding the cost of living in this area is crucial for both current residents and those considering a move.
The cost of living encompasses various aspects such as housing, transportation, groceries, and more, which are essential for budgeting and financial planning.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $16.6 on average, with a range between $15 and $20.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $90, with prices ranging from $60 to $300.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $11, with a range between $10 and $12.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $8, imported beer $5 to $9, cappuccino $2.16 to $8, and Coke/Pepsi $2 to $2.52.
Grocery Prices
- Milk - Milk is priced between $0.76 and $1.26 per liter, averaging $0.95.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.42 and $5.2, with an average price of $3.73.
- Eggs (Dozen) - A dozen eggs range from $1.99 to $5.45, averaging $4.2.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.76 to $9.28 per kg, while oranges range from $2.76 to $6.39 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $2.04 and $7.25 per kg, and lettuce costs $0.99 to $3.45 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.83 and $0.97 per liter.
- Taxi Fares - Taxi fares start at $2.8, with a cost of $1.86 to $2.33 per km and $20 to $50 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $25,000 and $36,344.69, while a Toyota Corolla ranges from $24,800 to $28,000.
Housing Costs
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - The cost for preschool ranges from $925 to $2400 monthly, averaging $1631.
- International Primary School, Yearly for 1 Child - Yearly fees for international primary school range from $11,500 to $42,000, averaging $17,625.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $194.16 and $350, averaging $257.26.
- Internet - Internet services range from $61.25 to $100, with an average cost of $76.31.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
North Elba presents a moderate cost of living with relatively affordable dining options and grocery prices. However, housing and education costs can be significant.
Transportation costs are manageable, especially for those who rely on personal vehicles, given the reasonable fuel prices.
Utilities and internet services are priced moderately, contributing to the overall cost of living in the area.
Conclusion
In conclusion, North Elba offers a balanced cost of living with affordable options in dining and groceries, though housing and education can be costly.
Prospective residents should consider these factors when planning their move, ensuring they budget appropriately for housing and educational expenses.