Are you thinking of moving to Armonk, NY? How much does it cost to live in Armonk? Does it really cost more than $13,000 a month for a family to live in Armonk?
Yes, it costs a whopping $13,789.66 a month for a family of four to live in Armonk, NY! Keep reading to find out how!
Like many Westchester County towns, Armonk is an expensive NY suburb to live in. Although compared to lower Westchester County towns, you get more land for the money, it’s still pretty pricey to live in Armonk.
When it comes to living in Armonk, there are many factors to consider. You will have to take into account the cost of commuting, transportation expenses, housing expenses and home maintenance expenses. For those of you with kids, you will have to take into account childcare and other child-related expenses.
Use our Armonk Cost of Living Calculator below to find out how much it will cost to live in Armonk.
Armonk Cost of Living: Commute and Transportation Expense
How Much Does It Cost to Take the Metro North from Armonk to New York City?
Armonk does not have a Metro North train station, Armonk residents who want to commute to NYC can drive to North White Plains to catch the Metro North train to Manhattan. The drive from Armonk to the North White Plains stations is approximately 15 minutes.
If you take the Metro North train every day, you can buy a monthly pass. The monthly Metro North ticket from North White Plains to NYC is $250.25.
How Much Does It Cost to Park at the Metro North Train station?
The annual parking permit at the White Plains Metro train station is $1,228 a year. For the Armonk calculator, we used $1228 a year which comes out to $102 a month.
In our Armonk cost of living calculator below, we used $350 per month as the monthly cost for both the monthly Metro-North train ticket and North White Plains train station parking.
How Much Does It Cost to Own a Car in Armonk, NY?
Many families in Armonk own at least 2 cars. Keep in mind it is also not uncommon for families in Armonk to have 3 cars, the 3rd car is for the babysitter or Au Pair. If you have a teenager, the 3rd car is for your teenager.
In our Armonk Cost of Living Calculator below, the monthly cost to own a car in Armonk is $639 per car. This includes car payments, insurance, gas, and tolls. We priced out a $450 per month lease which can get you a Toyota Highlander.
Armonk Cost of Living: Childcare Expense
How Much Does Childcare Cost in Armonk, NY?
Childcare is a big expense for families in Armonk with young children. Fortunately for families in Armonk, there are many childcare options available to families. You can enroll your child in a Daycare program, or hire babysitters, or a live-in au pair.
How Much Does Daycare Cost in Armonk, NY?
You can enroll your child in a full-time daycare in Armonk which will cost approximately $2000 a month.
How Much Does it Cost to Hire Babysitters in Armonk, NY?
Live-out Babysitters in Armonk can range from $15-$25 per hour. Depending on your household arrangement, you may have 2 full-time working parents so you will need a full-time babysitter.
Families with a stay-at-home parent might only need help on a part-time basis. Many families that have kids in school may only need an after-school sitter to drive the kids to after-school sports and enrichment activities.
Or there are families who have their kids in daycare and will only need occasional babysitting on the weekends.
In our Armonk Cost of Living Calculator below, we broke down the babysitter option to Full time (40 hours/week), Part-Time (20 Hours/Week), or Occasional (5 Hours/Week) based on a rate of $20 per hour.
How Much Does It Cost to Have Au Pairs in Armonk, NY?
The third childcare option is to have an Au Pair. Au Pairs are a great value because they generally cost $800 a month and $9000 fees so around $18,600 per year and you can get 45 hours a week of childcare.
However, Au Pairs live in your house so you will have to take into account housing expenses, food expenses, cellphone subscription expenses, and other miscellaneous expenses associated with having an extra person living in your home.
In our Armonk Cost of Living Calculator, we used $1800 per month for the monthly Au Pair expense which includes the Au Pair fee and living expenses.
How Much is Preschool Tuition in Armonk?
Preschool tuition in Armonk varies by the number of days and the type of preschool.
For example, at Montessori Children’s Room in Armonk, 5 days of 9am-1pm Preschool tuition is $32,262 a year while 5 days of 9-12 pm preschool tuition at Little Sparrows Nursery School is $8,030 a year.
In our Armonk Cost of Living Calculator, we used $700 per month for preschool tuition.
How Much Is Private School Tuition in Armonk?
We also included Private School tuition in our calculator below. It is not uncommon for families to start off at the public school system and then later move their kids to private school, so we included private school tuition as a field in the calculator below. The Private School tuition is $40,000 a year or $3,333 per month.
How Much Does Sport and After School Enrichment Cost in Armonk?
Many families move to Armonk for the top-rated public school system. However, even if you send your child to Public School, you will most likely incur some tuition and enrichment expenses.
It is common for children in Armonk to be enrolled in some type of enrichment program either after school or during the weekend.
In our Armonk Cost of Living Calculator, we used $144 per month as the cost for enrichment if your child is enrolled in a 1x a week sports program or enrichment class.
We calculated the cost of after school programs and enrichment based on $36 per class (enrichment and sports classes can vary from $25 per class to $50+ per class depending on what sports you do and if it is a private lesson or group lesson).
Armonk Cost of Living: Health and Fitness Expense
How much are Gym Memberships in Armonk?
Many families are members of a local gym, the price will depend on the gym and the type of membership. The membership fee for Equinox in Armonk is $250 a month for 1 person and a family annual membership at North Castle Pool and Tennis Club is $550 a year.
For the Armonk Cost of Living Calculator, we used $300 per month for a family gym membership.
Armonk Cost of Living: Housing Expense
In the Armonk Cost of Living Calculator, you will see that there is a mortgage calculator component. This is so you can include your monthly housing payment with homeowners insurance and real estate tax.
If you don’t know the cost of your homeowner’s insurance or property taxes, you can use the preset number in the field.
How Much is Home Maintenance and Utilities in Armonk?
Our Armonk Cost of Living Calculator will not be complete without including home maintenance and monthly utilities. Utilities include water, gas, electric, and cable/internet.
Home maintenance includes home repairs and exterior maintenance such as landscaping, snow shoveling, and Tick and Mosquito spray for the yard.
In our Armonk Cost Calculator below, the exterior maintenance is based on $433.33 per month for a 1-acre yard and home repairs and Utilities are based on $0.17 per square foot per month.
Check out: The Truth About Living in Armonk, NY
How Much Does it Cost for a Family of Four to Live in Armonk, NY?
How much does it cost for a family of four to live in Armonk? Let’s price out the cost of living for a family of four in Armonk.
Let’s say one child is in preschool and the other one is enrolled at Armonk’s public school. The older child is enrolled in after-school enrichment programs 2x a week.
They have a part-time babysitter that helps out for 20 hours a week. The family has a housekeeper that comes in to clean the house once a week.
They live in a 4200 square feet home in Armonk on a 2.3-acre lot. They have a 30-year mortgage on their $1,260,000 home* (loan amount is $1,008,00) with taxes of $22,300 a year and homeowners insurance of $5400 a year.
Our Armonk family owns 2 cars. Both mom and dad drive to their office. And they have a gym membership at a local gym.
According to our Cost of Living Calculator, it will cost a family of four $13,789.66 per month to live in Armonk. Remember this is just basic housing, school and childcare expenses- we didn’t even include food expenses and fun stuff like family vacations, entertainment and clothes!
*Home price, real estate taxes, square feet and lot size is based on an actual home in Armonk, NY. We used 6.85% as our mortgage interest rate. We also picked a home that is close to the median sales price of homes.
Armonk Cost of Living Calculator
Use the Armonk Cost of Living Calculator below to find out how much it costs to live in Armonk. Use the slider and fill in the fields with your information.
If you leave a field blank or keep the slider at zero, it will not include that field in the total monthly calculation.
We’ve prefilled the Mortgage loan amount, interest rate, real estate tax, and homeowners insurance, feel free to change it.
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