Zip 07922 (Berkeley Heights, NJ) Cost of Living


1 Reviews



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How much do I need to live in Berkeley Heights, New Jersey?
$11,370 / month
for a family, 110.6% more expensive than the national average A total of $136,440 for the year for a family.
$6,667 / month
for a single person, 39.9% more expensive than the national average A total of $80,000 for the year for a single person.

Berkeley Heights cost of living score
129.5
More expensive
29.5% higher
than the US average
8.1% higher
than the New Jersey average
Berkeley Heights (zip 07922), New Jersey gets a BestPlaces Cost of Living score of 129.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 29.5% higher than the U.S. average and 8.1% lower than the average for New Jersey.

Zip 07922 (Berkeley Heights, NJ)

Housing costs in Berkeley Heights?
A typical home costs $711,500, which is 110.4% more expensive than the national average of $338,100 and 64.7% more expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Berkeley Heights costs $2,400 per month, which is 67.8% more than the national average of $1,430 and 28.8% more than the state average of $1,710.

Can I afford Berkeley Heights?
To live comfortably in Berkeley Heights (zip 07922), New Jersey, a minimum annual income of $136,440 for a family, and $80,000 for a single person is recommended.

What does A.I. say about Berkeley Heights?
The cost of living in 07922 Berkeley Heights, NJ is relatively high compared to other parts of the country. The median home price in this area sits at $672,100, making it one of the most expensive places to buy a home in New Jersey. Rent prices are also significantly higher than average, with a one-bedroom apartment typically costing somewhere around $1,500 per month. Despite the high cost of living, Berkeley Heights does offer many amenities that make it attractive for potential residents. There are abundant shopping and dining options available, as well as plenty of outdoor recreation areas nearby for those who enjoy spending time outdoors.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesBerkeley HeightsNew JerseyUnited States
    Unlock119.8100.0
  109.3  Unlock100.0
    Unlock96.9100.0
  227.7  Unlock100.0
    Unlock$432,100$338,100
  105.5  Unlock100.0
    Unlock127.7100.0
  110.5  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Berkeley Heights
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Over 11 years ago

this is a great place to live however the cost of living is very high. I own a two bedroom condo - townhouse and my annual taxes are close to $9,000 and the property is  More

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