Bernardsville, NJ Cost Of Living

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Updated: 2020-03-08
165
Bernardsville's Overall Cost Of Living
1.6x
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Bernardsville is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Bernardsville, NJ?

According to the most recent data on the cost of living, Bernardsville has an overall cost of living index of 165 which is 1.6x higher than the national index of 100.

Compared to only New Jersey, Bernardsville has a cost of living index that's 1.3x higher than New Jersey's index of 123.

The standard of living in Bernardsville ranks as #6068 most affordable out of the 6522 places we measured in New Jersey. By definition, that implies Bernardsville ranks as the #339 most expensive place in the Garden State.

Bernardsville Cost Of Living Vs. New Jersey

Living Expense Bernardsville New Jersey National Average
Overall 165 123 100
Services 102 111 100
Groceries 113 110 100
Health 99 102 100
Housing 309 158 100
Transportation 110 110 100
Utilities 87 100 100
For more reading on cost of living around New Jersey, check out:
Bernardsville Cost of Living Vs. NJ

Bernardsville, NJ Housing Cost Breakdown

Housing swings affordability the most between places in New Jersey, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$743,600
Median Home Value
$1,848
Median Rent
$159,909
Median Income
Statistic Bernardsville New Jersey United States
Median Home Value $743,600 $327,900 $204,900
Median Rent $1,848 $1,295 $1,023
Median Income $159,909 $79,363 $60,293
Home Value To Income 4.7x 4.1x 3.4x
Rent To Monthly Income 0.14x 0.2x 0.2x

Bernardsville SnackAbility

9.5
/10
Overall SnackAbility
Jobs
8.5/10
Housing
10
Affordability
8
Diversity
8
Safety
9
Amenities
7
Education
9.5
Commute
4

Cost Of Living In Cities Around Bernardsville

City Population Cost Of Living Vs. Bernardsville
Westfield, NJ 30,086 170 1.0x
Morristown, TN 29,547 85 0.5x
Madison, NJ 16,042 164 1.0x
Bradley Gardens, NJ 14,417 144 0.9x
Middlesex, NJ 13,659 124 0.8x
Florham Park, NJ 11,672 162 1.0x
Martinsville, NJ 11,541 155 0.9x
White Meadow Lake, NJ 9,383 127 0.8x
Succasunna, NJ 8,681 131 0.8x
Boonton, NJ 8,302 126 0.8x

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