Florham Park, NJ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2021-02-06
162
Florham Park's Overall Cost Of Living
1.6x
Higher Than The National Average
217 out of 247
In New Jersey
6,027 out of 6,399
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Florham Park is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Florham Park, NJ?

According to the most recent data on the cost of living, Florham Park has an overall cost of living index of 162 which is 1.6x higher than the national index of 100.

Compared to only New Jersey, Florham Park has a cost of living index that's 1.3x higher than New Jersey's index of 123.

The standard of living in Florham Park ranks as #6,031 most affordable out of the 6,522 places we measured in New Jersey. By definition, that implies Florham Park ranks as the #375 most expensive place in the Garden State.

For more reading on life in Florham Park, check out:

Florham Park Cost Of Living Vs. New Jersey

Living Expense Florham Park New Jersey National Average
Overall 162 123 100
Services 102 111 100
Groceries 113 110 100
Health 99 102 100
Housing 300 158 100
Transportation 110 110 100
Utilities 87 100 100
For more reading on cost of living around New Jersey, check out:
Florham Park Cost of Living Vs. NJ

Florham Park, NJ Housing Cost Breakdown

Housing swings affordability the most between places in New Jersey, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$645,800
Median Home Value
$2,441
Median Rent
$128,071
Median Income
Statistic Florham Park New Jersey United States
Median Home Value $645,800 $335,600 $217,500
Median Rent $2,441 $1,334 $1,062
Median Income $128,071 $82,545 $62,843
Home Value To Income 5.0x 4.1x 3.5x
Rent To Monthly Income 0.23x 0.19x 0.2x

Detailed Florham Park Services Costs Vs. New Jersey

Item Florham Park New Jersey
Shampoo $0.99 $1.01
Movie $12.16 $10.72
Bowling $20.0 $13.86

Detailed Florham Park Groceries Costs Vs. New Jersey

Item Florham Park New Jersey
Ground Beef $4.04 $3.9
Fried Chicken $1.97 $1.4
Milk $2.31 $1.96

Detailed Florham Park Health Costs Vs. New Jersey

Item Florham Park New Jersey
Haircut $18.3 $17.49
Beauty Salon $43.4 $38.17
Toothpaste $1.81 $2.32

Detailed Florham Park Transportation Costs Vs. New Jersey

Item Florham Park New Jersey
Potatoes $3.43 $3.18
Pizza $10.87 $10.39
Beer $7.99 $9.23
Optometrist $90.5 $106.34
Doctor $97.86 $115.25
Dentist $111.0 $98.38

Detailed Florham Park Utilities Costs Vs. New Jersey

Item Florham Park New Jersey
Gasoline $2.85 $2.59
Tire Balancing $54.95 $48.9
All Electricity $131.81 $167.6
Phone $177.03 $163.42

Florham Park SnackAbility

9.5
/10
Overall SnackAbility
Jobs
8.5/10
Housing
10
Affordability
4
Diversity
8
Safety
9
Amenities
8.5
Education
9.5
Commute
5

Cost Of Living In Cities Around Florham Park

City Population Cost Of Living Vs. Florham Park
Westfield, NJ 29,877 170 1.0x
Morristown, TN 29,782 85 0.5x
Summit, NJ 21,913 181 1.1x
Madison, NJ 16,377 164 1.0x
Bradley Gardens, NJ 14,400 144 0.9x
Short Hills, NJ 13,428 244 1.5x
New Providence, NJ 13,049 151 0.9x
Oakland, NJ 12,972 141 0.9x
Hasbrouck Heights, NJ 12,082 136 0.8x
Glen Rock, NJ 11,780 165 1.0x

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