Cost of Living in Highlands, NJ

Population 4,575 · New Jersey · Data vintage 2023

134
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Highlands sits on the smaller end of the New Jersey city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. Unemployment has stayed elevated relative to the national figure — 9.6% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Highlands sits roughly 20 miles south of New York — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 47% lower than New York's $752,000.

Cost Overview

Housing 129
Rent 141

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Highlands

The median home value in Highlands is $394,800 — 29% above the national median of $305,000. Median rent runs $1,848/month, 41% higher than the national median of $1,314/month. The median household income of $90,082/year is 21% higher than the US median of $74,580. The local unemployment rate is 9.6%, above the national average of 4.8%. New Jersey's top state income tax rate is 10.8% and the combined sales tax is 6.6%. The climate averages highs of 61.6°F and lows of 47.0°F, with about 25.9" of annual snowfall. Overall, Highlands has a cost of living index of 134 versus the US average of 100, meaning it is 34% more expensive.

🏠 Housing

Median Home Value
$394,800
29% above avg
Zillow Home Value
$165,691
Zillow ZHVI
Median Rent
$1,848/mo
41% above avg
Zillow Rent
$3,749/mo
Zillow ZORI
Price-to-Rent Ratio
17.8x
Favors buying
Property Tax Rate
2.5%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,474
1 BR
$1,654
2 BR
$2,040
3 BR
$2,550
4 BR
$2,885
Owner-occupied 64.0%
Renter-occupied 36.0%

💰 Estimated Monthly Budget

Rent median rent
$1,848
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,462/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
42.7 min
58% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
22.8%

Commute Mode

Drove alone
56.4%
Carpooled
4.3%
Public transit
10.3%
Walked
0.8%
Bicycle
0.6%
Work from home
22.8%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 10.8%
Total Sales Tax 6.6%
State rate 6.6%
Avg local rate -0.0%
Property Tax 2.5%

💼 Income & Employment

Median Household Income
$90,082
21% above avg
Per Capita Income
$73,460
Unemployment Rate
9.6%
100% above avg
Poverty Rate
7.6%
Labor Force Participation
61.7%

🎓 Education

Bachelor's degree+ 27.4%
Graduate degree 26.3%

👥 Demographics

Median Age 49.3
Male median age 50.7
Female median age 46.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
61.6°F
Avg Low
47.0°F
Annual Precip
43.3"
Annual Snowfall
25.9"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 404249596878848276655445
Low °F 262734435362696861504032
Precip" 3.232.763.943.553.663.853.864.113.583.723.073.96
Snow" 7.58.64.30.60.00.00.00.00.00.00.44.5

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 39 — Good
85%
Good air days/yr
140
Max AQI recorded
0
PM2.5 days
247
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

95%
4-Year Graduation Rate
8.6:1
Student-teacher ratio
2
Public schools
525
Total enrollment

Frequently Asked Questions

What is the cost of living in Highlands, NJ?

Highlands has a cost index of 134 (100 = national average). It is 34% above the national average.

What is average rent in Highlands, NJ?

The median gross rent in Highlands is $1,848 per month based on 2023 Census data.

What is the average home price in Highlands?

The median home value in Highlands is $394,800 according to Zillow and Census data.

What is the median income in Highlands?

The median household income in Highlands is $90,082 per year (2023 ACS 5-year estimates).

What is the sales tax in Highlands, NJ?

The combined state and local sales tax rate in Highlands is 6.6%. The New Jersey state income tax top rate is 10.8%.

Is Highlands, NJ affordable?

Highlands is above average in cost of living, with an index of 134 — about 34% higher than the national average.

What is the weather like in Highlands?

Highlands has average high temperatures of 61.6°F and average lows of 47.0°F. Annual precipitation is 43.3". Average annual snowfall is 25.9". Data from NOAA 1991–2020 Climate Normals.

Highlands at a Glance

Population
4,575
Median Income
$90,082
Home Value
$394,800
Median Rent
$1,848/mo
Unemployment
9.6%
Avg High Temp
61.6°F
Sales Tax
6.6%
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