Franklin, NJ vs Short Hills, NJ

The cost of living difference between Franklin, NJ and Short Hills, NJ is dramatic. Franklin is 62.8% cheaper than Short Hills, a gap that translates to thousands of dollars per year in household expenses. Franklin has a cost index of 101 while Short Hills sits at 271, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Franklin is $1,340/month compared to $3,259/month in Short Hills — a 59% difference. Home values follow the same pattern: Franklin is more affordable at $253,100 median vs $1,621,200.

Median household income in Franklin is $90,152 compared to $250,001 in Short Hills (-63.9%). While Short Hills is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Franklin spend roughly 17.8% of their income on rent, more than the 15.6% in Short Hills.