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.
|Living Expense||Florham Park||New Jersey||National Average|
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.
|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|