Cost of Living in Short Hills

Short Hills, is an affluent community within Millburn Township in Essex County, known for its high standard of living, excellent schools, and proximity to New York City. The cost of living in Short Hills is significantly higher than the national average, reflecting the desirability of the area and the wealth of its residents.

Housing prices in Short Hills are among the highest in the nation. For a 3-bedroom home, prices typically start around $700,000 and can go well over $1.5 million depending on the location, size, and condition of the property. A 4-bedroom home in Short Hills often ranges from $900,000 to upwards of $2 million or more. Apartment rentals are also costly, with a 1-bedroom apartment averaging between $2,000 to $3,000 per month, while larger 2 or 3-bedroom apartments can cost anywhere from $3,500 to $6,000 per month or more. Purchasing an apartment or a condo in Short Hills can be as expensive as buying a house, with prices varying widely based on the size and luxury of the unit.

Dining out in Short Hills can cater to a range of budgets, but many restaurants are on the pricier side, reflecting the area's affluence. A meal at a mid-range restaurant can cost between $50 to $100 per person, while fine dining establishments can charge much more. Utilities, including electricity, heating, cooling, water, and garbage services, for a standard 85m² apartment run approximately $250 to $400 per month, depending on usage and the time of year.

Private school tuition in Short Hills is another significant expense for families. Preschools can vary widely, with some costing as much as $20,000 to $30,000 per year. Elementary and middle schools can range from $25,000 to $40,000 per year, while private high schools can be even more expensive, with some of the top schools charging over $40,000 annually. These costs reflect the high quality of education and facilities that these private institutions offer.