Short Hills, NJ Cost Of Living
Cost Of Living In Short Hills, NJ Summary
Cost of living in Short Hills research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Short Hills is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New Jersey, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Short Hills is 241, with 100 being the average.
The cost of living index in Short Hills is 2.4x higher than the national average.
Short Hills ranks as the #251 cheapest in New Jersey out of 251.
Short Hills ranks as the #6,381 cheapest out of 6,412 in the US.
The median home value in Short Hills is $1,389,900.
The median income in Short Hills is $250,001.
Table Of Contents
Short Hills's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Short Hills, NJ?
According to the most recent data on the cost of living, Short Hills has an overall cost of living index of 241, which is 2.4x higher than the national index of 100.
Compared to New Jersey, Short Hills has a cost of living index that's 2.2x higher than New Jersey's index of 111.
The standard of living in Short Hills ranks as #251 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Short Hills ranks as the #0 most expensive place in the Garden State.
For more reading on life in Short Hills, check out:
- Living In Short Hills
- Search Homes For Sale In Short Hills, NJ
In New Jersey
In America
Short Hills Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Short Hills. Here is how it fairs on each of the criteria:
The Services index in Short Hills is 116.
The Groceries index in Short Hills is 106.
The Health index in Short Hills is 98.
The Housing index in Short Hills is 553.
The Transportation index in Short Hills is 106.
The Utilities index in Short Hills is 105.
| Living Expense | Short Hills | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 241 | 111 | 100 | |
| Services | 116 | 104 | 100 | |
| Groceries | 106 | 104 | 100 | |
| Health | 98 | 95 | 100 | |
| Housing | 553 | 130 | 100 | |
| Transportation | 106 | 106 | 100 | |
| Utilities | 105 | 108 | 100 | |
Short Hills, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Short Hills is $1,389,900.
The Median Rent in Short Hills is $3,279.
The Median Income in Short Hills is $250,001.
The Home Value To Income in Short Hills is 5.6x.
The Rent To Monthly Income in Short Hills is 0.16x.
| Statistic | Short Hills | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $1,389,900 | $355,700 | $244,900 |
| Median Rent | $3,279 | $1,436 | $1,163 |
| Median Income | $250,001 | $89,703 | $69,021 |
| Home Value To Income | 5.6x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Short Hills, NJ Costs By Category
Detailed Short Hills Services Costs Vs. New Jersey
| Item | Short Hills | New Jersey |
|---|---|---|
| Shampoo | $1.0 | $1.06 |
| Movie | $12.49 | $10.68 |
| Bowling | $18.0 | $14.67 |
| Haircut | $20.93 | $18.62 |
| Beauty Salon | $36.53 | $39.05 |
Detailed Short Hills Groceries Costs Vs. New Jersey
| Item | Short Hills | New Jersey |
|---|---|---|
| Ground Beef | $4.09 | $4.22 |
| Fried Chicken | $1.79 | $1.39 |
| Milk | $2.44 | $2.05 |
| Potatoes | $3.25 | $3.29 |
| Pizza | $11.36 | $10.62 |
| Beer | $9.32 | $9.38 |
| Toothpaste | $2.22 | $2.34 |
Detailed Short Hills Health Costs Vs. New Jersey
| Item | Short Hills | New Jersey |
|---|---|---|
| Optometrist | $106.0 | $108.57 |
| Doctor | $91.0 | $116.17 |
| Dentist | $102.33 | $99.13 |
Detailed Short Hills Transportation Costs Vs. New Jersey
| Item | Short Hills | New Jersey |
|---|---|---|
| Gasoline | $2.37 | $2.22 |
| Tire Balancing | $54.12 | $50.07 |
Detailed Short Hills Utilities Costs Vs. New Jersey
| Item | Short Hills | New Jersey |
|---|---|---|
| All Electricity | $178.53 | $167.67 |
| Phone | $179.87 | $175.64 |
Short Hills SnackAbility
/10
Cost Of Living In Cities Around Short Hills
The cost of living varies in the cities and towns around Short Hills. Here's a quick look at the cost of living in the most populous nearby places:
Westfield, NJ has a cost of living index of 170, 0.7x Short Hills.
Summit, NJ has a cost of living index of 185, 0.8x Short Hills.
Madison, NJ has a cost of living index of 164, 0.7x Short Hills.
| City | Population | Cost Of Living | Vs. Short Hills |
|---|---|---|---|
| Westfield, NJ | 30,950 | 170 | 0.7x |
| Summit, NJ | 22,598 | 185 | 0.8x |
| Madison, NJ | 16,819 | 164 | 0.7x |
| Roselle Park, NJ | 13,973 | 119 | 0.5x |
| New Providence, NJ | 13,570 | 154 | 0.6x |
| Florham Park, NJ | 12,655 | 165 | 0.7x |
| Hasbrouck Heights, NJ | 12,120 | 134 | 0.6x |
| Glen Rock, NJ | 12,098 | 163 | 0.7x |
| Martinsville, NJ | 11,980 | 155 | 0.6x |
| Lincoln Park, NJ | 10,877 | 124 | 0.5x |
