Zip 07924 (Bernardsville, NJ) Economy


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The small town of Bernardsville, NJ (07924) is well known for its affluent neighborhoods and tranquil atmosphere. With a low population of 7,744 people, it is no surprise that the 2 bedroom rent cost is substantially higher than the national average at $2,330 per month. Grocery Cost Index in 07924 is also considerably higher than the national standard, sitting at 110 versus 100 in the US. Local businesses have flourished under this dynamic economy; residents can find upscale stores like La Jolie Rose Boutique and The Fox & Hounds Country Store to get their shopping done. For those looking to dine out or grab a cup of coffee, they can choose between Cafe Navona and One Sixty Bar & Kitchen which are some of the popular places in town. Bernardsville provides an excellent quality of life with its picturesque landscapes and thriving businesses.

Bernardsville (zip 07924) has an unemployment rate of 6.3%. The US average is 6.0%.

Bernardsville (zip 07924) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.

Tax Rates for Bernardsville (zip 07924)
- The Sales Tax Rate for Bernardsville (zip 07924) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Bernardsville (zip 07924) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Bernardsville (zip 07924)
- The average income of a Bernardsville (zip 07924) resident is $71,494 a year. The US average is $28,555 a year.
- The Median household income of a Bernardsville (zip 07924) resident is $200,438 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBernardsville, New JerseyUnited States
  6.36
  -7.3%-6.2%
  23.7%33.5%
  6.6%6.2%
  5.5%4.6%
  $100,412$37,638
  $200,438$69,021
  $212,391$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  6.8%6.8%
  10.3%10.0%
  5.1%2.5%
  14.3%11.0%
  1.2%4.8%
  0.0%0.8%
  3.5%1.9%
  9.4%4.7%
  2.8%1.9%
  10.5%7.6%
  0.9%0.1%
  7.3%4.2%
  5.6%9.3%
  10.5%14.0%
  2.0%2.1%
  3.9%7.0%
  4.8%4.8%
  1.2%4.7%
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