All Countries
Far Hills, NJ
Full City Profile · New Jersey · Somerset County County
4.0
/5.0
A
Great
1,004
Population
207/sq mi density
$152,188
Median Income
$120,610 per capita
$798,900
Home Value
$1,341,690 Zillow
$1,495
Median Rent
14.0% income on rent
53°F
Avg Temperature
275 sunny days/yr
A
Overall
4.0 / 5.0
Strong
A+
Economy
4.8 / 5.0
$152,188 median income, 3.2% unemployment
B+
Affordability
3.7 / 5.0
$798,900 home value, $1,495/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
5.0 / 5.0
59.2% bachelor's degree or higher
Income Overview
Median Household Income
$152,188
103% above
US avg: $75,149
Per Capita Income
$120,610
209% above
US avg: $39,052
Unemployment Rate
3.2%
11% below
US avg: 3.6%
Poverty Rate
2.1%
83% below
US avg: 12.4%
Income Comparison: Far Hills vs. U.S. Average
Each bar shows Far Hills’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$152,188
203%
Per Capita
US: $39,052
$120,610
309%
IRS Avg AGI
US: $72,000
$152,534
212%
Avg Weekly Wage
US: $1,432
$2,046
143%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$2,046
43% above US avg ($1,432)
Mean Commute Time
33 min
18% above US avg (28 min)
Work From Home
20.8%
37% above US avg (15.2%)
Drive Alone
68.0%
7% below US avg (73.2%)
Public Transit
2.6%
47% below US avg (5.0%)
County GDP
$54,494M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
68%
Public Transit
2.6%
Work From Home
20.8%
Other
8.6%
Average commute time
33 minutes
US avg: 28 min
Business Landscape
Total Establishments
10,950
Restaurants
823
Healthcare
1,266
Retail
1,003
Manufacturing
243
Tax & Financial
IRS Avg Adjusted Gross Income
$152,534
112% above US avg ($72,000)
Avg Property Tax
$13,089
274% above US avg ($3,500)
Cost of Living Index
108.8
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $152,188 |
| Per Capita Income | $120,610 |
| IRS Avg Adjusted Gross Income | $152,534 |
| Avg Weekly Wage | $2,046 |
| County GDP | $54,494M |
Hardship Indicators
| Unemployment Rate | 3.2% |
| Poverty Rate | 2.1% |
| Gini Coefficient | 0.462 |
| Cost of Living Index | 108.8 |
Commute
| Mean Commute | 33 minutes |
| Drive Alone | 68.0% |
| Public Transit | 2.6% |
| Work From Home | 20.8% |
Businesses
| Total Establishments | 10,950 |
| Restaurants | 823 |
| Healthcare | 1,266 |
| Retail | 1,003 |
| Manufacturing | 243 |
Tax
| IRS Avg AGI | $152,534 |
| Avg Property Tax | $13,089 |