salaryRent here is among the highest 10% in the country. Household incomes are higher than in 94% of U.S. cities. A typical house costs about 4.6 years of household income. It is a highly educated city: 69.9% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $140,040 a year. That is $67 an hour at a full-time job.
Is rent cheaper than other New Jersey cities?
No. Rent here is more expensive than in most of New Jersey. It is number 274 of 291 cities from cheapest to most expensive.
How much do households earn in Florham Park?
Share of households by yearly income. 62.4% of households earn $100,000 or more.
Rent by apartment size in Florham Park
| Size | Florham Park | U.S. average |
|---|---|---|
| 1 bedroom | $3,009 | $1,324 |
| 2 bedrooms | $3,285 | $1,509 |
| 3 bedrooms | $3,500+ | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Florham Park overall?
Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Florham Park, so the New Jersey figure is shown.
Taxes and bills in Florham Park
Life in Florham Park
Is it cheaper to rent or buy in Florham Park?
Renting is cheaper right now: about $1,990 a month less.
Owning assumes a typical $791,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $79,140 for the down payment.
Frequently asked questions
What is the average rent in Florham Park, NJ?
Renting in Florham Park costs a median of about $3,500+ a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Florham Park?
To keep rent under 30% of income, you need about $140,040 a year, or $67 an hour at a full-time job.
Is Florham Park cheap or expensive?
Florham Park is rated OK: rent takes 24.5% of the typical household income of $171,154. It ranks 274th cheapest of 291 New Jersey cities we track.
How much are property taxes in Florham Park?
The median homeowner in Florham Park pays $10,000+ a year in property taxes, about 1.26% of the median home value.
Is Florham Park more expensive than the national average?
Overall prices in New Jersey are 9% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Florham Park?
The median home value in Florham Park is $791,400, about 4.6 times the typical yearly household income.
13,564 people live in Florham Park. Numbers are typical (middle) values.