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Far Hills, NJ vs Pines Lake, NJ

150
Far Hills
New Jersey
VS
+15.9%
130
Pines Lake
New Jersey

There is a significant gap in the cost of living between these two cities. Pines Lake is 15.9% cheaper than Far Hills. With a cost index of 130 vs 150, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Pines Lake to Far Hills should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Far Hills are $798,900 compared to $612,800 in Pines Lake, a 30% gap.

Median household income in Far Hills is $152,188 compared to $177,750 in Pines Lake (-14.4%). Pines Lake offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.

Income & Cost

Cost of Living Index
Far Hills
150
Pines Lake
130
14% cheaper
Median Household Income
Far Hills
$152,188
Pines Lake
$177,750
14% higher

Housing

Median Rent
Far Hills
$1,495
Pines Lake
Median Home Value
Far Hills
$798,900
Pines Lake
$612,800
23% cheaper
Population
Far Hills
1,004
Pines Lake
2,989

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Far Hills $3.32
Pines Lake $3.32
US $3.07
🥚
Eggs (grade A, large)
Far Hills $2.71
Pines Lake $2.71
US $2.50
🥛
Milk (whole)
Far Hills $4.36
Pines Lake $4.36
US $4.03
🍞
Bread (white)
Far Hills $2.00
Pines Lake $2.00
US $1.85
🍗
Chicken breast
Far Hills $4.49
Pines Lake $4.49
US $4.14
Electricity
Far Hills $0.24
Pines Lake $0.24
US $0.19