How Much Does It Cost to Live in Larchmont, NY? ($14,000+ a month!)

Are you thinking of moving to Larchmont, NY? How much does it cost to live in Larchmont? Does it really cost more than $14,000 a month for a family to live in Larchmont?

According to our calculation below, it cost $14,587.83 for a family of four to live in Larchmont, NY! Larchmont is an expensive NY suburb to live in!

When it comes to living in Larchmont, 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 Larchmont Cost of Living Calculator below to find out how much it will cost for you to live in Larchmont.

Larchmont Cost of Living: Commute and Transportation Expense

How Much Does It Cost to Take the Metro North from Larchmont to New York City?

Most people who live in Larchmont commute to New York by taking the Metro-North train to Grand Central.

If you take the Metro North train every day, you can buy a monthly pass. The monthly Metro North ticket from Larchmont to NYC is $250.25.

How Much Does It Cost to Park at the Larchmont Metro North Train station?

The annual parking permit at the Larchmont train station is $725 a year which comes out to $60.42 a month.

Most Larchmont residents drive to the Larchmont train station so you will need to take into account parking fees in your calculation.

In our calculator below, we used $310 per month as the monthly cost for both the Metro-North train ticket and Larchmont train station parking.

Larchmont Metro North train station — Larchmont Metro North Train Station

How Much Does It Cost to Own a Car in Larchmont, NY?

Many families in Larchmont own at least 2 cars. Keep in mind it is also not uncommon for families in Larchmont 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 Larchmont Cost of Living Calculator below, the monthly cost to own a car in Larchmont 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.

Larchmont Cost of Living: Childcare Expense

How Much Does Childcare Cost in Larchmont?

Childcare is a big expense for families in Larchmont with young children. Fortunately for families in Larchmont, 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 Larchmont?

You can enroll your child in a full-time daycare in Larchmont which will cost approximately $2000 a month.

How Much Does it Cost to Hire Babysitters in Larchmont?

Live-out Babysitters in Larchmont 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 Larchmont 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 Larchmont?

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 Larchmont 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 Larchmont?

Preschool tuition in Larchmont varies by the number of days and the type of preschool.

For example, at St John’s Nursery School, the 5 days preschool tuition is $9120 a year and the 5 days preschool tuition at Larchmont Avenue Church Preschool is $9,200 a year. While nursery school at FASNY French-American School of New York is $34,290 a year.

In our Larchmont Cost of Living Calculator, we used $800 per month for preschool tuition.

Need help finding a Preschool or Daycare in Larchmont? Check out our Guide to Preschools in Larchmont

How Much Is Private School Tuition in Larchmont?

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.

Are you thinking of sending your child to private school? Check out our Private School Finder and Private School Admissions Advice

How Much Does Sport and After School Enrichment Cost in Larchmont?

Many families move to Larchmont 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 Larchmont to be enrolled in some type of enrichment program either after school or during the weekend.

In our Larchmont 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).

Larchmont Cost of Living: Health and Fitness Expense

How much are Gym Memberships in Larchmont?

Many families are members of a local gym, the price will depend on the gym and the type of membership. The membership fee for the Larchmont New York Sports Club in Larchmont is $45 a month for 1 person while a family membership at Lifetime Fitness is $539 a month.

For the Larchmont Cost of Living Calculator, we used $300 per month for a family gym membership.

Larchmont Cost of Living: Housing Expense

Mortgage Expense

In the Larchmont 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 Larchmont?

Our Cost 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 Larchmont 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.

How Much Does it Cost for a Family of Four to Live in Larchmont?

How much does it cost for a family of four to live in Larchmont? Let’s price out the cost of living for a family of four in Larchmont.

Let’s say one child is in preschool and the other one is enrolled in the local 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 2800 square feet home in Larchmont on a 0.20-acre lot. They have a 30-year mortgage on their $1,200,000 home* (loan amount is $960,00) with taxes of $25,896 a year and homeowners insurance of $4800 a year.

Our Larchmont family owns 2 cars. Dad takes the Metro-North train and commutes into the city every day while mom drives to her office in Larchmont. And they have a family membership at a local gym.

According to our Cost of Living Calculator, it will cost a family of four $14,587.83 per month to live in Larchmont.

*Home price, real estate taxes, square feet, and lot size are based on an actual home in Larchmont, 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.

Check out: The Truth About Living in Larchmont, NY

Larchmont Cost of Living Calculator

Use the Larchmont Cost of Living Calculator below to find out how much it costs to live in Larchmont. 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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