Short Hills, NJ is an affluent suburb located in Essex County and is known for its high-end shopping destinations. The cost of renting a two-bedroom apartment in Short Hills is more than double that of the national average, at $2,460 per month compared to $1,430. Grocery costs are also higher in Short Hills, with the index set at 118 compared to the national average of 100. Popular local companies include Investors Bank and Seton Hall University. There are also a number of upscale restaurants and retailers including Bloomingdales, Cheesecake Factory and Grabbagreen.
Short Hills has an unemployment rate of 9.6%. The US average is 6.0%.
Short Hills has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 20.9%, which is lower than the US average of 33.5%.
Tax Rates for Short Hills
- The Sales Tax Rate for Short Hills is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Short Hills is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Short Hills
- The average income of a Short Hills resident is $102,528 a year. The US average is $28,555 a year.
- The Median household income of a Short Hills resident is $250,001 a year. The US average is $69,021 a year.