Far Hills borough, New Jersey Demographics & Population 2026
As of 2026, Far Hills borough, New Jersey has a total population of 1,004, the 552nd largest city in New Jersey, with a median household income of $152,188, which is 51% higher than the state average. The poverty rate is 5.3%.
Key Takeaways
- Household income is 51% above the state average — one of the wealthiest communities in New Jersey.
Far Hills borough Quick Facts
How Far Hills borough Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 65 | National average: 60
Education
Educational Attainment (Adults 25+)
Far Hills borough Rankings in New Jersey
Explore New Jersey Rankings
Other Cities in Somerset County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| North Plainfield borough | 22,667 | $83,529 | 14.0% | $350,700 |
| Somerville borough | 12,958 | $103,869 | 6.2% | $403,600 |
| Bound Brook borough | 12,023 | $80,876 | 10.6% | $362,900 |
| Manville borough | 10,870 | $93,872 | 12.3% | $321,100 |
| Raritan borough | 8,192 | $103,699 | 7.0% | $449,200 |
| Bernardsville borough | 7,871 | $231,006 | 1.0% | $737,600 |
| Watchung borough | 6,429 | $166,536 | 2.1% | $833,300 |
| South Bound Brook borough | 4,833 | $102,019 | 16.4% | $345,300 |
| Peapack and Gladstone borough | 2,547 | $184,231 | 2.4% | $843,400 |
| Rocky Hill borough | 814 | $127,344 | 4.3% | $608,200 |
Cities Similar to Far Hills borough
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Crosswicks CDP | 986 | $156,063 | $608,800 | 56.9% | 6.5% |
| Rosenhayn CDP | 1,066 | N/A | $210,400 | 22.9% | 3.6% |
| Mount Royal CDP | 1,077 | N/A | $417,400 | 34.8% | 0.0% |
| Port Republic city | 1,047 | $130,417 | $412,500 | 34.3% | 1.7% |
| Vernon Valley CDP | 983 | $123,707 | $321,600 | 32.0% | 2.5% |
Population Overview
Far Hills borough is a small community located in New Jersey, within Somerset County. The total population is 1,004. It ranks as the 552nd most populous out of 700 cities and towns in New Jersey.
Age Demographics
The median age in Far Hills borough is 49.7 years. This is 24% higher than the state median of 40.1 years.
Economy, Income & Housing
The median household income in Far Hills borough is $152,188. This is 51% higher than the state median of $101,050. Compared to the national median of $78,538, household income here is 94% higher. The poverty rate stands at 5.3%. This is 46% lower than the state poverty rate of 9.8%. The unemployment rate is 4.7%. This is 24% lower than the state rate of 6.2%. The median home value is $798,900. Housing costs are 87% higher than the state median of $427,600. The home-value-to-income ratio is 5.2x. 82.7% of occupied housing units are owner-occupied. This homeownership rate is 30% higher than the state average of 63.7%.
Race & Ethnicity
The largest racial or ethnic group in Far Hills borough is White (non-Hispanic), making up 77.5% of the population. Hispanic or Latino residents account for 13.3%. The Black or African American population (1.5%) is well below the state average of 12.3%. The Asian population (4.9%) is well below the state average of 9.8%.
Education
59.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 38% higher than the state rate of 42.9%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.8%. Notably, 31.3% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Far Hills borough, New Jersey is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against New Jersey state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 700 Census-designated places in New Jersey. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Far Hills borough, New Jersey?
Far Hills borough, New Jersey has a population of 1,004 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Far Hills borough, NJ?
The median household income in Far Hills borough is $152,188, which is 94% higher the national median of $78,538.
What is the poverty rate in Far Hills borough, NJ?
The poverty rate in Far Hills borough is 5.3%. This means approximately 53 residents live below the federal poverty line.
What is the racial makeup of Far Hills borough, New Jersey?
Far Hills borough's population is 77.5% White, 1.5% Black, 13.3% Hispanic/Latino, and 4.9% Asian.
What is the median home value in Far Hills borough, NJ?
The median home value in Far Hills borough is $798,900. The home-value-to-income ratio is 5.2x.
How educated is Far Hills borough, New Jersey?
59.2% of adults (25+) in Far Hills borough hold a bachelor's degree or higher, and 31.3% hold a graduate or professional degree.