Cost of Living in Bernardsville, NJ

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F
72%
Overall NAT. AVG.
8%
Groceries NAT. AVG.
212%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Bernardsville New Jersey National
Cost of living172125100
Groceries108108100
Health care114112100
Housing312157100
Transportation115114100
Utilities111111100
Lifestyle & Entertainment114113100
Household Items105107100
Education & Childcare116120100
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Homes For Sale In Bernardsville, NJ

property for sale

174 Bliss Rd

Mendham, NJ
property for sale

10 Thompson St

Bernardsville, NJ
property for sale

78 Ambar Pl

Bernardsville, NJ
property for sale

22 Mount Airy Rd

Bernardsville, NJ

Cost Of Living Quick Facts

  • The cost of living in Bernardsville is 37% higher than the New Jersey average
  • The cost of living in Bernardsville is 72% higher than the national average
  • Bernardsville housing is 212% higher than the national average
  • New Jersey general sales tax is 30% higher than the national average
  • New Jersey state income tax is 46% lower than the national average

Most Affordable Places to Live in and Around Bernardsville

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
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      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$273,678$22,807$6,385$8,211
      Renters$108,402$9,034$2,529$3,252
      The affordability of the housing market in Bernardsville, NJ as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Bernardsville homeowners, the median income is $273,678. This indicates that a monthly maximum of $6,385 should be spent by homeowners on all housing related costs. Renters have a median income of $108,402. This indicates that renters would have a maximum of $2,529 for their rent related monthly costs.

      New Jersey Sales Tax

      State General Sales Tax With Max Surtax
      New Jersey 6.625% 12.625%

      New Jersey Income Tax

      State Income Tax (Low) Income Tax (High)
      New Jersey 1.4% 10.75%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Zarephath, NJ9811312.8%
      Victory Gardens, NJ1,6541087.7%
      Upper Pohatcong, NJ1,82911211.8%
      Allamuchy, NJ11611515.0%
      Vienna, NJ1,05111616.2%
      Bernardsville, NJ7,80417271.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Lamar, CO7,804945.8%
      Puslinch, ON7,805n/a 
      Kaufman, TX7,8029010.1%
      Palmyra, PA7,808954.8%
      Hartsville, SC7,799918.7%
      Bernardsville, NJ7,80417271.7%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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