Bernardsville, NJ vs Summit, NJ

Bernardsville is moderately more affordable than Summit, with a 12.5% lower cost of living index. Bernardsville scores 165 compared to 189 for Summit, where the US average is 100. This difference means residents of Summit can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Bernardsville is $2,155/month compared to $2,308/month in Summit — a 7% difference. Home values follow the same pattern: Bernardsville is more affordable at $737,600 median vs $969,900.

Median household income in Bernardsville is $231,006 compared to $199,107 in Summit (+16%). Bernardsville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Bernardsville spend roughly 11.2% of their income on rent, less than the 13.9% in Summit.