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 173, which is 1.7x higher than the national index of 100.
Compared to New Jersey, Bernardsville has a cost of living index that's 1.4x higher than New Jersey's index of 125.
The standard of living in Bernardsville ranks as #233 most affordable out of the 262 places we measured in New Jersey. By definition, that implies Bernardsville ranks as the #29 most expensive place in the Garden State.
For more reading on life in Bernardsville, check out:
Bernardsville Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Bernardsville. Here is how it fares on each of the criteria:
The Services index in Bernardsville is 107.
The Groceries index in Bernardsville is 115.
The Health index in Bernardsville is 314.
The Housing index in Bernardsville is 116.
The Transportation index in Bernardsville is 112.
The Utilities index in Bernardsville is 115.
| Living Expense | Bernardsville | New Jersey | National Average |
|---|---|---|---|
| Overall | 173 | 125 | 100 |
| Services | 107 | 107 | 100 |
| Groceries | 115 | 113 | 100 |
| Health | 314 | 155 | 100 |
| Housing | 116 | 116 | 100 |
| Transportation | 112 | 112 | 100 |
| Utilities | 115 | 113 | 100 |
Bernardsville Cost Of Living Compared To New Jersey Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Jersey, check out:
Protect your home budget Compare home warranties in Bernardsville Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Bernardsville, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Bernardsville is $1,003,866.
The Median Rent in Bernardsville is $2,297.
The Median Income in Bernardsville is $236,115.
The Home Value To Income in Bernardsville is 4.3x.
The Rent To Monthly Income in Bernardsville is 0.12x.
| Statistic | Bernardsville | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $1,003,866 | $569,411 | $332,700 |
| Median Rent | $2,297 | $1,720 | $1,413 |
| Median Income | $236,115 | $103,556 | $80,734 |
| Home Value To Income | 4.3x | 5.5x | 4.1x |
| Rent To Monthly Income | 0.12x | 0.2x | 0.21x |
Bernardsville, NJ Costs By Category
Detailed Bernardsville Services costs vs. New Jersey
| Item | Bernardsville | New Jersey |
|---|---|---|
| Shampoo | $1.44 | $1.28 |
| Movie | $14.15 | $12.13 |
| Bowling | $25.03 | $18 |
| Haircut | $29.17 | $24.26 |
| Beauty Salon | $40.36 | $45.56 |
Detailed Bernardsville Groceries costs vs. New Jersey
| Item | Bernardsville | New Jersey |
|---|---|---|
| Ground Beef | $5.64 | $5.84 |
| Fried Chicken | $1.55 | $1.57 |
| Milk | $4.74 | $4.67 |
| Potatoes | $5.21 | $4.93 |
| Pizza | $11.49 | $12.09 |
| Beer | $11.66 | $10.41 |
| Toothpaste | $3.66 | $3.7 |
Detailed Bernardsville Health costs vs. New Jersey
| Item | Bernardsville | New Jersey |
|---|---|---|
| Optometrist | $105.11 | $125.68 |
| Doctor | $117.94 | $135.78 |
| Dentist | $121.22 | $113.29 |
Detailed Bernardsville Transportation costs vs. New Jersey
| Item | Bernardsville | New Jersey |
|---|---|---|
| Gasoline | $3.45 | $3.46 |
| Tire Balancing | $77.33 | $59.92 |
Detailed Bernardsville Utilities costs vs. New Jersey
| Item | Bernardsville | New Jersey |
|---|---|---|
| All Electricity | $230.68 | $193.99 |
| Phone | $186.61 | $192.25 |
Bernardsville SnackAbility
Cost Of Living In Cities Around Bernardsville
The cost of living varies in the cities and towns around Bernardsville. Here's a quick look at the cost of living in the most populous nearby places:
Morristown, TN has a cost of living index of 91, 0.5x Bernardsville.
Westfield, NJ has a cost of living index of 182, 1.1x Bernardsville.
Madison, NJ has a cost of living index of 178, 1.0x Bernardsville.
| City | Population | Cost Of Living | Vs. Bernardsville |
|---|---|---|---|
| Morristown, TN | 31,527 | 91 | 0.5x |
| Westfield, NJ | 31,111 | 182 | 1.1x |
| Madison, NJ | 16,447 | 178 | 1.0x |
| Middlesex, NJ | 14,645 | 128 | 0.7x |
| Bradley Gardens, NJ | 14,165 | 152 | 0.9x |
| Florham Park, NJ | 13,564 | 174 | 1.0x |
| Martinsville, NJ | 11,559 | 166 | 1.0x |
| Succasunna, NJ | 9,799 | 141 | 0.8x |
| Boonton, NJ | 8,854 | 138 | 0.8x |
| White Meadow Lake, NJ | 8,842 | 139 | 0.8x |
