Bergenfield, NJ

Very High · 138

New Jersey · Population 28,269 · Updated March 2026

$1,744
Median Rent / Month
$124,083
Median Income
$469,200
Median Home Value
$2,089
Owner Costs / Month

Affordability

How far your income goes in Bergenfield

16.9%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in New Jersey

State-level tax rates that affect your costs

10.75%
Income Tax (Top Rate)
6.625%
Sales Tax
2.23%
Property Tax Rate

Estimated Annual Costs

$20,928
Annual Rent
$13,339
State Income Tax
$10,463
Property Tax (est.)

Cost of Living Overview

Bergenfield has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 138 (where 100 equals the national median), Bergenfield residents can expect to pay median rent of $1,744/month while earning a median household income of $124,083/year.

The median home value in Bergenfield, NJ is $469,200, with typical monthly owner costs around $2,089 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.9% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

New Jersey's top income tax rate of 10.75% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.625% sales tax rate and 2.23% effective property tax rate, the overall tax environment is a factor in the total cost of living in Bergenfield.

Frequently Asked Questions

Common questions about living costs in Bergenfield

What is the cost of living in Bergenfield, NJ?
The cost of living index in Bergenfield, NJ is 138 (US average = 100). Median monthly rent is $1,744, median household income is $124,083/year, and the median home value is $469,200.
Is Bergenfield, NJ affordable?
No, Bergenfield is more expensive than the national average with a cost index of 138. The rent-to-income ratio is 16.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Bergenfield, NJ?
The median gross rent in Bergenfield, NJ is $1,744 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,928.
What is the median household income in Bergenfield?
The median household income in Bergenfield, NJ is $124,083 per year. This compares to the national median of approximately $80,000.
What are the taxes like in New Jersey?
New Jersey has a top income tax rate of 10.75%, a sales tax of 6.625%, and an effective property tax rate of 2.23%.