Housing costs in Far Hills?
A typical home costs
$1,049,900, which is 210.5% more expensive than the national average of
$338,100 and 143.0% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Far Hills costs
$2,650 per month, which is 55.0% more than the national average of
$1,710 and 18.1% more than the state average of
$2,170.
Can I afford Far Hills?
To live comfortably in Far Hills (zip 07931), New Jersey, a minimum annual income of
$201,240 for a family, and
$84,000 for a single person is recommended.
What does A.I. say about Far Hills?
Living in 07931 Far Hills, NJ can be quite costly. According to BestPlaces, the cost of living index for this zip code is a staggering 131.92, making it 74% more expensive than the national average. Goods and services like groceries, utilities, healthcare, and transportation are all much higher than most other places in the United States. The median home price in this area is also very high at $1,500,000. Renters will likely find that rents are quite steep as well due to the demand for housing in this affluent area. All in all, living in 07931 Far Hills is not a cheap option for most people; however, it does offer a unique lifestyle and breathtaking views that can be worth the extra expense for some residents.