Living in Far Hills, New Jersey
Cost of living, income, home prices, rent and demographics of Far Hills · Census data 2020–2024
Far Hills has 948 residents with a median age of 50.3. The median household income is $143,250 (38% higher than the New Jersey median), the median home value is $792,100, the median rent is $1,554/month.
Far Hills is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Far Hills at a glance
- Population
- 948
- Median age
- 50.3State: 40.1
- Median household income
- $143,250State: $103,556
- Median home value
- $792,100State: $454,400
- Median rent
- $1,554/moState: $1,720
- Homeowners
- 87.1%
- Bachelor's degree or higher
- 61.7%
- Average commute
- 33 min
Is Far Hills a good place to live?
Pros: Median household income 38% higher than the New Jersey median; a poverty rate of 5.4%.
Cons: Home values 74% higher than the state median; an average commute of 33 minutes; unemployment of 7.2%.
The weather is best in May–June and August–September.
Cost of living in Far Hills
Housing is the biggest part of the cost of living. In Far Hills the median home value is $792,100, 138% higher than the U.S. median. Renters pay a median of $1,554 per month, which is 30.5% of household income. Homeowners with a mortgage pay $3,777 a month in housing costs.
Far Hills median household income
The median household income in Far Hills is $143,250 and the income per person is $115,732. 5.4% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Far Hills: homes for sale and rent
- Housing units
- 452
- Owner-occupied
- 87.1%
- Renter-occupied
- 12.9%
- Vacant
- 5.5%Includes seasonal homes
- Median year built
- 1988
- Average household size
- 2.22
Far Hills demographics
- Population
- 948
- Median age
- 50.3
- Under 18
- 16.7%
- 65 and older
- 29.4%
- Households
- 427
- Foreign-born
- 16.1%
- Veterans
- 1%Adults 18+
Hispanic or Latino can be of any race. Population history of Far Hills ›
Education in Far Hills
61.7% of adults 25 and older in Far Hills have a bachelor's degree or higher (New Jersey: 43.6%), and 34.5% have a graduate or professional degree.
Jobs and commute in Far Hills
- Unemployment rate
- 7.2%State: 6.3%
- Average commute
- 33 minState: 31 min
- Work from home
- 20.7%
- Drive alone
- 69.5%
- Public transit
- 2.2%
- Walk to work
- 1.8%
- Homes with broadband
- 92%
Far Hills vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Far Hills | 948 | $143,250 | $792,100 | $1,554 |
| Peapack and Gladstone | 2,571 | $202,578 | $868,800 | $1,820 |
| The Hills | 10,785 | $154,564 | $577,000 | $2,376 |
| Liberty Corner | 2,325 | $241,480 | $1,187,500 | $3,501 |
| Bernards | 28,114 | $194,107 | $814,800 | $2,476 |
| Bernardsville | 7,916 | $236,115 | $793,800 | $2,297 |
| Pluckemin | 489 | $54,175 | $567,300 | — |
| Basking Ridge | 7,917 | $188,295 | $851,200 | $546 |
| Bedminster | 8,283 | $123,709 | $448,500 | $2,294 |
More for people moving to Far Hills
Far Hills ZIP code ›Weather and climate ›Living in Far Hills: FAQ
What is the median household income in Far Hills, NJ?
The median household income in Far Hills is $143,250, 38% higher than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Far Hills?
The median home value in Far Hills is $792,100, compared with $454,400 in New Jersey.
How much is rent in Far Hills?
The median gross rent in Far Hills is $1,554 per month, about 30.5% of household income.
Is Far Hills, NJ a good place to live?
Pluses: median household income 38% higher than the New Jersey median; a poverty rate of 5.4%. Minuses: home values 74% higher than the state median; an average commute of 33 minutes; unemployment of 7.2%.
What is the median age in Far Hills?
The median age in Far Hills is 50.3 years (New Jersey: 40.1).
How long is the commute in Far Hills?
The average commute to work in Far Hills is 33 minutes; 20.7% of workers work from home.
What is the unemployment rate in Far Hills?
The unemployment rate in Far Hills is 7.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Far Hills?
61.7% of adults in Far Hills have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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