Short Hills, NJ Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
241
Short Hills's Overall Cost Of Living
2.4x
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:

251 out of 251
In New Jersey
6,381 out of 6,412
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
For more reading on cost of living around New Jersey, check out:
Short Hills Cost of Living Vs. NJ

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
Search Homes For Sale In Short Hills, NJ
$1,389,900
Median Home Value
$3,279
Median Rent
$250,001
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

7
/10
Overall SnackAbility
Jobs
8.5/10
Housing
10
Affordability
7
Diversity
9
Safety
N/A
Amenities
8.5
Education
10
Commute
1

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

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