Bernardsville, NJ
Population 7,871 · New Jersey
About Bernardsville, NJ
Bernardsville is a small town located in New Jersey with a population of 7,871 residents according to the latest US Census Bureau American Community Survey data. The median household income is $231,006 per year, which is 207% above the national median of $75,149. The median age of 41.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Bernardsville features a median home value of $737,600, which is 201% above the national median of $244,900. This places Bernardsville in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,155, 85% above the national average of $1,163/month. Of the 2,787 total housing units, 90% are owner-occupied (2,388 units) and 10% are renter-occupied (265 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Bernardsville shows an unemployment rate of 3.7%, which is near the national rate of 3.7%. The poverty rate stands at 1.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Bernardsville have an average one-way commute time of 27.5 minutes.
Education & Demographics
69.5% of Bernardsville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.2% White, 0.2% Hispanic or Latino, 0.7% Black or African American, and 9.5% Asian residents, with 16.0% of the population being foreign-born.
How Bernardsville Ranks in New Jersey
Cost of Living in Bernardsville, NJ
Compared to national averages, Bernardsville has a median household income of $231,006 (207% above the national median of $75,149). Home values average $737,600, which is 201% above the national median. Monthly rent at $2,155 is 85% above the US average of $1,163. Within New Jersey, Bernardsville's income is 100% above the state average of $115,667, and home values are 57% above the state median of $469,644.
Why Live in Bernardsville, NJ?
Bernardsville offers a strong local economy with a median household income of $231,006, well above the national average, and a well-educated community where 69.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 1.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $737,600. However, Bernardsville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Bernardsville has a population of 7,871 with a median age of 41.2 years. Compare Bernardsville with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Bernardsville
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Basking Ridge | 7,882 | $200,378 | $841,700 | Compare |
| Glen Ridge | 7,827 | $248,016 | $730,600 | Compare |
| Watsessing | 7,944 | $94,301 | $418,500 | Compare |
| Carneys Point | 7,945 | $75,436 | $180,600 | Compare |
| Crestwood Village | 7,951 | $38,396 | $95,700 | Compare |
| Fanwood | 7,714 | $176,667 | $610,600 | Compare |
| Dunellen | 7,711 | $84,789 | $380,200 | Compare |
| Fort Dix | 8,034 | $98,259 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Bernardsville With Other Cities
Frequently Asked Questions about Bernardsville
What is the population of Bernardsville, NJ?
The population of Bernardsville, NJ is 7,871 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Jersey.
What is the median household income in Bernardsville?
The median household income in Bernardsville, NJ is $231,006 per year, which is 207% above the national median of $75,149.
What is the median home value in Bernardsville?
The median home value in Bernardsville, NJ is $737,600, which is 201% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Bernardsville?
The median monthly rent in Bernardsville, NJ is $2,155, which is 85% above the national average of $1,163/month.
What is the unemployment rate in Bernardsville?
The unemployment rate in Bernardsville, NJ is 3.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Bernardsville, NJ a good place to live?
Bernardsville offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 7,871 and a median age of 41.2, the city appeals to a broad range of residents.
How educated is Bernardsville, NJ?
69.5% of residents in Bernardsville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Bernardsville?
Key cost-of-living indicators for Bernardsville, NJ: median home value is $737,600 (201% above national), median rent is $2,155/month, and median household income is $231,006. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Bernardsville?
The poverty rate in Bernardsville, NJ is 1.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Bernardsville, NJ?
Bernardsville's population is 0.2% White, 0.2% Hispanic or Latino, 0.7% Black or African American, 9.5% Asian, and 0.6% two or more races. 16.0% of residents are foreign-born.