Far Hills, NJ
Population 1,004 · New Jersey
About Far Hills, NJ
Far Hills is a small town located in New Jersey with a population of 1,004 residents according to the latest US Census Bureau American Community Survey data. The median household income is $152,188 per year, which is 103% above the national median of $75,149. The median age of 49.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Far Hills features a median home value of $798,900, which is 226% above the national median of $244,900. This places Far Hills in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,495, 29% above the national average of $1,163/month. Of the 435 total housing units, 83% are owner-occupied (345 units) and 17% are renter-occupied (72 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Far Hills shows an unemployment rate of 4.7%, which is near the national rate of 3.7%. The poverty rate stands at 5.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Far Hills have an average one-way commute time of 32.7 minutes.
Education & Demographics
59.2% of Far Hills residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 12.8% Asian residents, with 16.6% of the population being foreign-born.
Cost of Living in Far Hills, NJ
Compared to national averages, Far Hills has a median household income of $152,188 (103% above the national median of $75,149). Home values average $798,900, which is 226% above the national median. Monthly rent at $1,495 is 29% above the US average of $1,163. Within New Jersey, Far Hills's income is 32% above the state average of $115,667, and home values are 70% above the state median of $469,644.
Why Live in Far Hills, NJ?
Far Hills offers a strong local economy with a median household income of $152,188, well above the national average, and a well-educated community where 59.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.3%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $798,900. However, Far Hills’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Far Hills has a population of 1,004 with a median age of 49.7 years. Compare Far Hills with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Far Hills
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ship Bottom | 1,009 | $111,250 | $910,000 | Compare |
| The Ponds | 995 | $70,825 | $338,800 | Compare |
| Crosswicks | 986 | $156,063 | $608,800 | Compare |
| Cologne | 1,023 | $101,723 | $330,500 | Compare |
| Flagtown | 985 | $220,677 | $650,200 | Compare |
| Hi-Nella | 984 | $75,227 | $235,800 | Compare |
| Vernon Valley | 983 | $123,707 | $321,600 | Compare |
| Audubon Park | 979 | $53,333 | $93,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Far Hills With Other Cities
Frequently Asked Questions about Far Hills
What is the population of Far Hills, NJ?
The population of Far Hills, NJ is 1,004 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Jersey.
What is the median household income in Far Hills?
The median household income in Far Hills, NJ is $152,188 per year, which is 103% above the national median of $75,149.
What is the median home value in Far Hills?
The median home value in Far Hills, NJ is $798,900, which is 226% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Far Hills?
The median monthly rent in Far Hills, NJ is $1,495, which is 29% above the national average of $1,163/month.
What is the unemployment rate in Far Hills?
The unemployment rate in Far Hills, NJ is 4.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Far Hills, NJ a good place to live?
Far Hills offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,004 and a median age of 49.7, the city appeals to established professionals and retirees.
How educated is Far Hills, NJ?
59.2% of residents in Far Hills aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Far Hills?
Key cost-of-living indicators for Far Hills, NJ: median home value is $798,900 (226% above national), median rent is $1,495/month, and median household income is $152,188. The home-value-to-income ratio is 5.2x, a moderate figure by national standards.
What is the poverty rate in Far Hills?
The poverty rate in Far Hills, NJ is 5.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Far Hills, NJ?
Far Hills's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 12.8% Asian, and 1.5% two or more races. 16.6% of residents are foreign-born.