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 only New Jersey, Short Hills has a cost of living index that's 2.0x higher than New Jersey's index of 121.
The standard of living in Short Hills ranks as #6,387 most affordable out of the 6,418 places we measured in New Jersey. By definition, that implies Short Hills ranks as the #31 most expensive place in the Garden State.
Living Expense | Short Hills | New Jersey | National Average | |
---|---|---|---|---|
Overall | 241 | 121 | 100 | |
Services | 116 | 107 | 100 | |
Groceries | 106 | 107 | 100 | |
Health | 98 | 100 | 100 | |
Housing | 553 | 160 | 100 | |
Transportation | 106 | 106 | 100 | |
Utilities | 105 | 98 | 100 |
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.
Statistic | Short Hills | New Jersey | United States |
---|---|---|---|
Median Home Value | $1,388,700 | $343,500 | $229,800 |
Median Rent | $2,935 | $1,368 | $1,096 |
Median Income | $250,001 | $85,245 | $64,994 |
Home Value To Income | 5.6x | 4.0x | 3.5x |
Rent To Monthly Income | 0.14x | 0.19x | 0.2x |
Item | Short Hills | New Jersey |
---|---|---|
Shampoo | $1.0 | $1.06 |
Movie | $12.49 | $10.68 |
Bowling | $18.0 | $14.67 |
Item | Short Hills | New Jersey |
---|---|---|
Ground Beef | $4.09 | $4.22 |
Fried Chicken | $1.79 | $1.39 |
Milk | $2.44 | $2.05 |
Item | Short Hills | New Jersey |
---|---|---|
Haircut | $20.93 | $18.62 |
Beauty Salon | $36.53 | $39.05 |
Toothpaste | $2.22 | $2.34 |
Item | Short Hills | New Jersey |
---|---|---|
Potatoes | $3.25 | $3.29 |
Pizza | $11.36 | $10.62 |
Beer | $9.32 | $9.38 |
Optometrist | $106.0 | $108.57 |
Doctor | $91.0 | $116.17 |
Dentist | $102.33 | $99.13 |
Item | Short Hills | New Jersey |
---|---|---|
Gasoline | $2.37 | $2.22 |
Tire Balancing | $54.12 | $50.07 |
All Electricity | $178.53 | $167.67 |
Phone | $179.87 | $175.64 |
City | Population | Cost Of Living | Vs. Short Hills |
---|---|---|---|
Westfield, NJ | 29,690 | 170 | 0.7x |
Summit, NJ | 21,913 | 185 | 0.8x |
Madison, NJ | 16,647 | 164 | 0.7x |
Roselle Park, NJ | 13,574 | 119 | 0.5x |
New Providence, NJ | 13,382 | 154 | 0.6x |
Hasbrouck Heights, NJ | 12,026 | 134 | 0.6x |
Glen Rock, NJ | 11,747 | 163 | 0.7x |
Florham Park, NJ | 11,719 | 165 | 0.7x |
Martinsville, NJ | 11,384 | 155 | 0.6x |
Lincoln Park, NJ | 10,220 | 124 | 0.5x |