Median Income
$145,139
household / year
Median Home Value
$753,700
owner-occupied
Median Rent
$2,111
gross / month
Cost of Living
112
national avg = 100

Is Far Hills, NJ a Good Place to Live?

Far Hills is a small town of 1,047 in New Jersey, with a median household income of $145,139 and a 9.4% unemployment rate. Its cost of living index is 112 (US average = 100), which is 12% above the national average.

Strengths: Far Hills stands out for a well-educated population.

Trade-offs: Potential downsides include an above-average cost of living, high home prices, an elevated unemployment rate. Whether Far Hills is right for you depends on your priorities — the full breakdown is below.

All Far Hills city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 112.5

Far Hills's overall cost of living index is 112.5, where 100 represents the US national average. Living in Far Hills costs roughly 12% more than the average American city.

Metric Far Hills, NJ National Avg
Median Home Value $753,700 $244,900
Median Monthly Rent $2,111 $1,163
Homeownership Rate 80.1% 65.9%
Median Household Income $145,139 $74,755

Crime & Safety

Very Safe

Far Hills's violent crime rate is 20.4 per 100,000 residents — 95% lower than the national average of ~380 per 100,000.

Violent Crime
20.4 /100k
Property Crime
290.9 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Metric Far Hills, NJ National Avg
School District N/A
Elementary Schools N/A
Middle Schools N/A
High Schools N/A
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 60.4% 35.4%
High School Diploma or Higher 100.0% 91.1%

Weather & Climate

Far Hills sees average highs of 39.3°F in January and 86.2°F in July, with 49.8 inches of annual precipitation and 29.6 inches of snow per year.

MetricFar Hills, NJ
Average High — January39.3°F
Average High — July86.2°F
Annual Precipitation49.8"
Annual Snowfall29.6"

Demographics

MetricFar Hills, NJNational Avg
Population1,047
Median Age50.438.9
Unemployment Rate9.4%3.7%
Avg Commute Time27.8 min26 min
White (non-Hispanic)87.3%59.3%
Black or African American1.0%13.6%
Hispanic or Latino8.7%18.9%
Asian2.7%6.3%
Under 1815.2%22.2%
65 and over24.4%16.8%

Nearby Cities

ZIP Codes in Far Hills

Far Hills, NJ is covered by 1 ZIP code:

Far Hills vs Other Cities

Frequently Asked Questions

Far Hills's cost of living index is 112, where 100 is the national average. That puts Far Hills roughly 12% above the national average in cost. The median home price is $753,700 and median rent is $2,111/month.
Far Hills's violent crime rate is 20.4 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 290.9 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
Far Hills, NJ has a population of 1,047, a median household income of $145,139, and an unemployment rate of 9.4%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Far Hills averages 39.3°F in January and 86.2°F in July. Annual rainfall is 49.8 inches with about 29.6 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Far Hills, NJ is covered by 1 ZIP code: 07931.
The population of Far Hills, New Jersey is 1,047 with a median age of 50.4. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Far Hills: cost of living index 112 (100 = US average), median home $753,700, median household income $145,139, crime index 9 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Far Hills side by side with your current city to see the trade-offs.