Cost of Living in Mystic

Summary: If you are thinking about moving to Mystic, here is an overview of the cost of living there.

Mystic, a picturesque coastal village known for its maritime history, offers a unique living experience with a cost of living that reflects its desirability and New England charm. Housing prices in Mystic can vary widely depending on proximity to the waterfront, age, and condition of the property. As of my knowledge cutoff in early 2023, the median home value in Mystic is around $400,000, but prices can go significantly higher for waterfront properties or newer, larger homes. For a 3-bedroom home, buyers might expect to pay anywhere from $300,000 to $500,000, while a 4-bedroom home could range from $400,000 to well over $600,000, depending on the factors mentioned above.

Apartment rentals in Mystic also vary, with a one-bedroom apartment typically ranging from $1,200 to $1,800 per month. Two-bedroom apartments can range from $1,500 to $2,500 per month. For those interested in purchasing an apartment or a condominium, prices can range from $200,000 to $500,000, with luxury units and those with water views commanding higher prices. Dining out in Mystic can be a delightful experience, with a range of options from casual eateries to upscale restaurants. 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 $70 per person.

Utilities, including electricity, heating, cooling, water, and garbage, for a standard 85m² apartment in Mystic, can cost around $150 to $250 per month, depending on usage and the time of year. Internet services typically add another $60 to $100 per month. private school tuition in Mystic varies widely based on the institution and the level of education. Preschool (or kindergarten) can range from $10,000 to $20,000 per year. Elementary schools might charge between $15,000 and $25,000 per year, while middle and high schools can cost anywhere from $20,000 to $30,000 or more annually. These costs reflect the private nature of the institutions and the quality of education they purport to provide.

Item	Cost
3-bedroom home (purchase)	$300,000 - $500,000
4-bedroom home (purchase)	$400,000 - $600,000+
1-bedroom apartment (rent)	$1,200 - $1,800/month
2-bedroom apartment (rent)	$1,500 - $2,500/month
Apartment/Condo (purchase)	$200,000 - $500,000
Inexpensive restaurant meal	$15 - $25/person
Mid-range restaurant 3-course meal	$50 - $70/person
Utilities (monthly for 85m² apartment)	$150 - $250
Internet (monthly)	$60 - $100
Private preschool tuition (annual)	$10,000 - $20,000
Private elementary school tuition (annual)	$15,000 - $25,000
Private middle school tuition (annual)	$20,000 - $30,000
Private high school tuition (annual)	$20,000 - $30,000+

About the Author

Betsy Burlingame is one of the founders of BlueBurbia and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and BlueBurbia, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.