Penns Grove, NJ vs Short Hills, NJ

The cost of living difference between Penns Grove, NJ and Short Hills, NJ is dramatic. Penns Grove is 70.1% cheaper than Short Hills, a gap that translates to thousands of dollars per year in household expenses. Penns Grove has a cost index of 81 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 Penns Grove is $1,031/month compared to $3,259/month in Short Hills — a 68% difference. Home values follow the same pattern: Penns Grove is more affordable at $170,100 median vs $1,621,200.

Median household income in Penns Grove is $43,889 compared to $250,001 in Short Hills (-82.4%). 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 Penns Grove spend roughly 28.2% of their income on rent, more than the 15.6% in Short Hills.