Cost of Living in Far Hills, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
225.1
100 = national avg
+125.1 vs national average
Living Wage (1 Adult)
$99,027
per year
Living Wage (Family of 4)
$234,064
per year
Cost Index by Category
Housing278.5
Food166.3
Transportation232.6
Healthcare153.1
Utilities175.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,978
per month
2 Bedroom
$2,486
per month
The overall cost of living index in Far Hills is 225.1, which is 125.1% above the national average. Housing costs are above the national average at an index of 278.5. A single adult needs to earn approximately $99,027 per year to cover basic expenses.