If you're an entrepreneur and want to move to the Bay Area, your cost of living will skyrocket almost instantaneously.
Plenty has been written about how ridiculous rent is in San Francisco, and how it's impossible to afford a house in the Bay Area. And plenty has also been written about how San Francisco is now becoming as expensive as Manhattan.
But one of the most under-reported aspects of life in the Bay Area is how expensive schooling has become. It is common practice, even if you send your kid to public school - in prestigious school districts in Palo Alto, San Mateo and elsewhere - to "donate" thousands, and in some cases millions of dollars a year to keep the quality of education high.
And private schools are now also following suit. The East Coast is full of prestigious private schools that will cost you an arm and a leg to attend.
Not to be outdone, prestigious private schools in the Bay Area are now approaching similar tuition levels as East Coast Schools. Here are 4 prestigious Bay Area Schools and what it will cost you to attend (note that all of the tuition prices listed are for full day programs):
The Harker School
- Preschool: $26,996/yr
- Kindergarten-5th Grade: $32,870
- Grades 6-8: $40,418
- Grades 9-12: $43,963
- All in your damage will be (in today's dollars) - $521,322
- Fun fact: This doesn't include lunch - you can save yourself some time packing lunch in the morning, if you're willing to spring around ~1k a year through 5th grade.
- Instead of sending your kid here you could: Buy Coolio's entire music library, including "Gangsta's Paradise" twice over.
Sacred Heart School of Atherton
- Preschool: $24,480/yr
- Kindergarten: $25,385
- Grades 1-5: $28,000
- Grades 6-8: $37,100
- Grades 9-12: $38,465
- All in your damage will be (in today's dollars) - $455,025
- Fun fact: For the overachievers out there, Sacred Heart offers 21 AP courses for its high school students.
- Instead of sending your kid here you could: Buy 1/5 of a house in Atherton.
The Nueva School
- Preschool: $23,510/yr
- Kindergarten-4th Grade: $31,430
- 5th Grade: $34,910
- Grades 6-8: $36,430
- Grades 9-11: $40,710
- All in your damage will be (in today's dollars) - $446,990
- Fun fact: Nueva does not look like a "happy" place to work, boasting a glassdoor rating of 2.9. Happy teacher and administration = happy kids?
- Instead of sending your kid here you could: Buy a solid-gold plated Nintendo Wii.
- Kindergarten-5th Grade: $26,195
- Grades 6-8: $29,040
- Grades 9-12: $37,230
- All in your damage will be (in today's dollars) - $393,210
- Fun fact: The average SAT score of a student at Head-Royce is 2100, which is 400 points higher than the national average of 1700.
- Instead of sending your kid here you could: Buy this $400,000 stopwatch by Urwerk, which will last you about 1,000 years.
If you are getting sticker shock looking at this, wait till you see how much it costs to afford a house in these neighborhoods. To be fair, all of these schools produce quality students from a metrics standpoint - look no further than just about any rankings website you visit.
Is the Bay Area home to the next wave of prestigious boarding schools? Is the Bay Area the new East Coast? Only time will tell, but one thing is for certain - the new wave of Bay Area money will eventually become "old money".