Far Hills borough, New Jersey Median Income

Far Hills borough, New Jersey has a population of 1,011, with a median household income of $214,882.

Current median income data for Far Hills borough.

$214,882

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Population

1,011

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Median Income

$214,882

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Unemployment

1.40%

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Housing Price

$1,398,228

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Crime Rate

0.10

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Internet Speed

287.70 Mbps

Far Hills borough is a small local community located in New Jersey. The city has a population that is below the average city population in New Jersey, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Far Hills borough is a notable city in New Jersey, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Far Hills borough has a population of 1,011, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Far Hills borough is $214,882, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Far Hills borough average around $1,398,228, which is relatively high compared to other cities in New Jersey.

Employment and Safety

The unemployment rate in Far Hills borough is 1.40%, which is lower than the state average, indicating a relatively strong job market. Far Hills borough has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in New Jersey, Far Hills borough shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Far Hills borough continues to play a role in shaping regional trends in New Jersey, particularly in terms of economic and demographic factors.

Frequently Asked Questions about Far Hills borough

What is the population of Far Hills borough?

The population of Far Hills borough is approximately 1,011.

Is Far Hills borough a good place to live?

Far Hills borough offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Far Hills borough?

The median household income in Far Hills borough is around $214,882.

How expensive is housing in Far Hills borough?

The average housing price in Far Hills borough is approximately $1,398,228.