Far Hills, NJ vs Pennington, NJ

Pennington is moderately more affordable than Far Hills, with a 6.7% lower cost of living index. Far Hills scores 150 compared to 141 for Pennington, where the US average is 100. This difference means residents of Far Hills can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Far Hills is $1,495/month compared to $1,819/month in Pennington — a 18% difference. Interestingly, home values tell a different story: while Far Hills has cheaper rent, Pennington actually has lower median home values ($608,200 vs $798,900).

Median household income in Far Hills is $152,188 compared to $171,282 in Pennington (-11.1%). Pennington offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Far Hills spend roughly 11.8% of their income on rent, less than the 12.7% in Pennington.