These 8 NYC Private Schools Now Cost Over $70K — More Than the Average Salary
The cost of attending an elite New York City private school now rivals what the average American earns in a year. According to Bloomberg, eight NYC private schools will charge more than $70,000 in tuition this fall — on par with the U.S. average annual salary of $69,847, based on the latest Social Security Administration (SSA) data.
Across 15 private schools in Brooklyn and Manhattan, the median tuition increase is about 4.7% from the previous year, the report found. Private school tuition has increased dramatically over the past decade, with the average cost at $40,000 in 2014.
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"Of course, sending a kid to private school in New York City has always been expensive, but with costs this high, even people who make well above average salaries say they're feeling squeezed," said Erin Hudson, municipal finance reporter at Bloomberg.
However, for some wealthy families, tuition reaching $70,000 isn't a breaking point.
"Consultants who advise families who want to send their kids to private schools say [it isn't]," Hudson said. "They say parents will pay, no matter how high the cost."
Here's a look at the schools charging $70,000-plus to attend.
1. Avenues The World School, New York
2025 to 2026 tuition: $72,300
2026 to 2027 tuition: $75,300
Percent (%) increase: 4.2%
2. Collegiate School
2025 to 2026 tuition: $68,900
2026 to 2027 tuition: $72,070
% increase: 4.6%
3. Leman Manhattan Preparatory School
2025 to 2026 tuition: $68,600
2026 to 2027 tuition: $72,000
% increase: 5%
4. Poly Prep Country Day School
2025 to 2026 tuition: $69,328
2026 to 2027 tuition: $71,852
% increase: 3.6%
5. The Nightingale-Bamford School
2025 to 2026 tuition: $68,350
2026 to 2027 tuition: $71,665
% increase: 4.8%
6. The Spence School
2025 to 2026 tuition: $68,480
2026 to 2027 tuition: $71,185
% increase: 4%
7. Convent of the Sacred Heart
2025 to 2026 tuition: $67,520
2026 to 2027 tuition: $70,850
% increase: 4.9%
8. The Dalton School
2025 to 2026 tuition: $67,480
2026 to 2027 tuition: $70,800
% increase: 4.9%
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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