Zip 07924 (Bernardsville, NJ) Cost of Living


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Bernardsville cost of living score
131.6
More expensive
31.6% higher
than the US average
9.8% higher
than the New Jersey average
Bernardsville (zip 07924), New Jersey gets a BestPlaces Cost of Living score of 131.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 31.6% higher than the U.S. average and 9.8% lower than the average for New Jersey.

Zip 07924 (Bernardsville, NJ)

Housing costs in Bernardsville?
A typical home costs $801,700, which is 137.1% more expensive than the national average of $338,100 and 85.5% more expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Bernardsville costs $2,330 per month, which is 36.3% more than the national average of $1,710 and 6.9% more than the state average of $2,170.

Can I afford Bernardsville?
To live comfortably in Bernardsville (zip 07924), New Jersey, a minimum annual income of $153,720 for a family, and $73,600 for a single person is recommended.

What does A.I. say about Bernardsville?
The cost of living in 07924 Bernardsville, NJ is relatively high, with the median home value estimated to be around $751,000. In addition, the median household income is reported to be around $183,000. This indicates that the overall cost of living in this area is quite high. Goods and services are usually more expensive than in other areas, due to the higher incomes of its residents and a large number of luxury stores in the area. Additionally, property taxes are typically higher than elsewhere in New Jersey due to the wealthier population.
   Cost of living score
     CategoriesBernardsvilleNew JerseyUnited States
  131.6119.8100.0
  110105.8100
  97.596.9100.0
  241.6136.4100.0
  $801,700$432,100$338,100
  104.2%109.2%100.0%
  142.1127.7100.0
  143.2112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime