Cost of Living in Bernardsville, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
284.8
100 = national avg
+184.8 vs national average
Living Wage (1 Adult)
$125,314
per year
Living Wage (Family of 4)
$296,197
per year
Cost Index by Category
Housing311.0
Food200.0
Transportation353.1
Healthcare200.0
Utilities200.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,978
per month
2 Bedroom
$2,486
per month
The overall cost of living index in Bernardsville is 284.8, which is 184.8% above the national average. Housing costs are above the national average at an index of 311.0. A single adult needs to earn approximately $125,314 per year to cover basic expenses.