Millburn (Short Hills) vs Princeton, NJ
Property taxes, schools, NJ Transit pass and monthly cost for Millburn (Short Hills) and Princeton, side by side with sources.
At a glance
- Lower tax billPrinceton, $23,373 a year
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Princeton has the lower 2025 average residential tax bill: $23,373 a year, $2,925 less than $26,298 in Millburn (Short Hills). Both are above the NJ average of $10,340.
- Peak commuteMillburn (Short Hills) 34 min vs Princeton 53 min
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Peak commute is 34 minutes in Millburn (Short Hills) and 53 minutes in Princeton, 19 minutes shorter in Millburn (Short Hills).
- NJ Transit passMillburn (Short Hills) $309 vs Princeton $549
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The NJ Transit monthly pass to NY Penn is $309 in Millburn (Short Hills) and $549 in Princeton, $240 more.
- Higher school resultsMillburn (Short Hills): 4-year graduation, ELA, math
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On the district results, Millburn (Short Hills)'s district is higher on 4-year graduation (99.7% vs 92.8%), ELA (85.3% vs 76.9%) and math (85.2% vs 73.3%).
Figures are from the data file, version 2.5.3. Estimates are labeled. Sources and dates are in each section below. Add a third town in the compare tool.
Monthly cost
Estimated monthly cost Estimate
- Mortgage (principal and interest)
- Property tax
- Insurance
- NJ Transit pass
- Millburn (Short Hills)$14,174 / monthMortgage $11,076 · Property tax $2,660 · Insurance $129 · NJ Transit pass $309 · on a $2,031,500 median single-family home
More info
Same math as the monthly cost calculator, at its defaults: each town's headline median sale price, single-family unless the town's label says otherwise (GSMLS, 2025 closed sales), 20% down, a 30-year fixed loan at 7.24% (Freddie Mac weekly national average, week of Oct 29, 2026), the town's 2025 effective tax rate, homeowners insurance (condo insurance for condo towns), and the town's NJ Transit pass where it has one. Excludes flood insurance, PMI, HOA, utilities and maintenance. Change the numbers in the calculator.
Home prices
Median sale price, single-family
- Millburn (Short Hills)$2,031,500200 sales
Median sale price, condo / townhouse
- Millburn (Short Hills)$850,00015 sales
Monthly mortgage
- Millburn (Short Hills)$11,076 / month
More info
Principal & interest only; excludes taxes and insurance. Based on the single-family median unless a town's row says otherwise.
Source: GSMLS
Property taxes
Average residential tax bill, 2025
- Millburn (Short Hills)$26,298 / year$15,958 above the NJ average
- Princeton$23,373 / year$13,033 above the NJ average
- NJ average$10,340 / yearState total, same series as the town bills
More info
Bills compare better than raw tax rates, because towns assess homes at different shares of market value.
Schools
Meeting ELA standards
- Millburn (Short Hills)85.3% Above NJ average
- Princeton76.9% Above NJ average
- NJ state53.0%
Meeting math standards
- Millburn (Short Hills)85.2% Above NJ average
- Princeton73.3% Above NJ average
- NJ state42.0%
4-year graduation rate
- Millburn (Short Hills)99.7% Above NJ average
- Princeton92.8% Above NJ average
- NJ state91.8%
Chronic absenteeism
- Millburn (Short Hills)9.5% Below NJ average
- Princeton8.2% Below NJ average
- NJ state14.4%
Student:teacher ratio
- Millburn (Short Hills)11:1
- Princeton11:1
- NJ state12:1
Commute
NJ Transit adult monthly pass to NY Penn
- Millburn (Short Hills)$309 / month
- Princeton$549 / month
Peak commute time
- Millburn (Short Hills)34 min
More info
Typical from Millburn: 42.5 min, median trip time of the scheduled trips arriving 7:00-9:00 AM on Wed 2026-11-18 (one itinerary per departure; dominated options excluded). Based on 6 trips.
- Princeton53 min
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Typical from Princeton Junction: 56.5 min, median trip time of the scheduled trips arriving 7:00-9:00 AM on Wed 2026-11-18 (one itinerary per departure; dominated options excluded). Based on 6 trips.
Full pages: Millburn (Short Hills) · Princeton. Find a local expert if you want help weighing these two towns.