In Bayonne, New Jersey, there is a private golf club called Bayonne Golf Club. The club is renowned for both its difficult course that Eric Bergstol created and its breathtaking views of the Manhattan cityscape. But how much does it cost to become a member of this elite group?
The initiation fee at Bayonne Golf Club is $150,000, according to Golf Digest. In addition, members are required to pay $16,500 in annual dues. This may seem like a large price tag, but for many members, it is worthwhile to spend the money in order to have access to a top-notch golf course and upscale amenities like a private clubhouse, fine eating options, and social events.
However, one of the reasons why millennials are not joining these clubs is the cost of membership in a country club like Bayonne Golf Club. The expense of joining a country club is unaffordable for many millennials since they are heavily indebted from their education and are concentrating on saving money for the future. Additionally, millennials are less concerned with material belongings and more interested in experiences, which is why they might choose to spend their money on vacations or concerts rather than joining a country club.
Tiger Woods, a legend in the game of golf, is one noteworthy country club member. In Hobe Sound, Florida, Woods plays golf as a member of the Medalist Golf Club. This exclusive club charges a $110,000 initiation fee and $15,500 in yearly dues. As a professional golfer, Woods has access to numerous exclusive clubs across the world, therefore his membership may not be typical of most country club members.
Country clubs are seeing a fall in membership despite the appeal of upscale amenities and a well-kept golf course. This is caused by a number of things, including the high cost of membership, a change in young people’s interests, and the dearth of diversity and inclusivity in many country clubs. Some country clubs have therefore had to adjust by providing more adaptable membership options or by holding activities that draw in a wider audience.
To sum up, joining Bayonne Golf Club is expensive, but for those who can afford it, the expense can be worthwhile to have access to a top-notch golf course and upscale amenities. But one of the reasons younger generations, like millennials, are not joining country clubs is the exorbitant cost of membership. The membership of country clubs is also declining for a variety of reasons, and some clubs are changing to remain relevant.