Far Hills, NJ Cost of Living


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Far Hills cost of living score
131.6
More expensive
31.6% higher
than the US average
9.8% higher
than the New Jersey average
Far Hills, New Jersey gets a BestPlaces Cost of Living score of 131.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 31.6% higher than the U.S. average and 9.8% lower than the average for New Jersey.

Far Hills, NJ

Housing costs in Far Hills?
A typical home costs $1,025,000, which is 203.2% more expensive than the national average of $338,100 and 137.2% more expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Far Hills costs $2,710 per month, which is 89.5% more than the national average of $1,430 and 36.9% more than the state average of $1,710.

Can I afford Far Hills?
To live comfortably in Far Hills, New Jersey, a minimum annual income of $196,560 for a family, and $85,600 for a single person is recommended.

What does A.I. say about Far Hills?
The cost of living in Far Hills, NJ is relatively high compared to other places in the United States. The median home price is over $2 million and the median rental cost is around $3,000 per month. Groceries, transportation, healthcare, and other everyday expenses are also high. However, Far Hills offers great schools and a variety of entertainment options that make up for the higher costs of living. The area is also known for its stunning natural beauty and charm, making it an ideal place for those looking to enjoy all that New Jersey has to offer.
   Cost of living score
     CategoriesFar HillsNew JerseyUnited States
  131.6119.8100.0
  114.1105.8100
  97.596.9100.0
  330.9136.4100.0
  $1,025,000$432,100$338,100
  105.5%109.2%100.0%
  142.1127.7100.0
  143.1112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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