ZIP Code 07924 -- Bernardsville, NJ

Somerset | 2024 American Community Survey Data

Key Insights

  • Households here earn 3.1x the national median income — placing this ZIP code in the top tier of American prosperity.
  • With 72.82% holding a bachelor's degree or higher, this is one of the most highly educated ZIP codes in the country (national average: 33.7%).
  • 27.11% of workers here work from home — more than double the pre-pandemic national average, reflecting the shift to remote work.
  • 94.41% of housing units are owner-occupied — indicating a stable, established neighborhood with strong homeownership.

Quick Overview

Population
7,713
Unknown
Median Income
$236,042
Home Value
$785,100
Median Rent
$2,297
Median Age
40.40
Diversity Index
36.50
Low
Cost of Living
244.8
very high
Unemployment
4.5%

About ZIP Code 07924

ZIP code 07924 in Bernardsville, New Jersey is a unknown area with a population of 7,713. The median household income is $236,042, which is This is 215% above the national median of $75,000.. The median home value is $785,100, representing a price-to-income ratio of 3.3x . The cost of living is very high with an index of 244.8 (the national average is 100). Residents have a median age of 40.40 years. Approximately 72.8% of adults hold a bachelor's degree or higher. This ZIP code is located in Somerset, NJ.

Population & Age

Total Population
7,713
Median Age
40.40
Male Population
3,773
48.9%
Female Population
3,940
51.1%
Density Classification
Unknown

Age Distribution

Race & Ethnicity

Diversity Index
36.50 Low
White
86.3%
Black or African American
1.1%
Hispanic or Latino
9.5%
Asian
0.6%
Native American
0.0%
Pacific Islander
0.0%
Two or More Races
5.4%
Other Race
6.6%

Racial Composition

Income & Economy

Median Household Income
$236,042
Mean Household Income
$330,463
Per Capita Income
$112,114
Below Poverty Line
1.1%

This is 215% above the national median of $75,000.

Income Distribution

Housing

Median Home Value
$785,100
Median Rent
$2,297
Total Housing Units
2,673
Occupied Units
2,610
Vacant Units
63
2.4% vacancy
Median Year Built
1960
Owner Occupied
94.4%
Renter Occupied
5.6%
Price-to-Income Ratio 3.3x

Moderately affordable

Ownership vs Rental

Owner 94.4% Renter 5.6%

Education

High School Diploma or Higher 96.7%
Bachelor's Degree or Higher 72.8%
Graduate or Professional Degree 31.1%

Employment & Commuting

Civilian Labor Force
4,209
Employment Rate
95.5%
Unemployment Rate
4.5%
Mean Commute Time
N/A

How People Get to Work

Drive Alone
61.2%
Carpool
2.7%
Public Transit
3.9%
Work from Home
27.1%

Cost of Living Index

244.8
very high

The cost of living in ZIP code 07924 is 144.8% above the national average of 100.

0 National Avg (100) 200

Compare 07924 with:

Compare 07924 with Another ZIP Code

Nearby ZIP Codes

Other ZIP Codes in Somerset

ZIP Code City Population Median Income
08873 Somerset 56,327 $124,972
08807 Bridgewater 39,560 $168,696
07920 Basking ridge 28,753 $192,857
08876 North branch 23,380 $122,884
07059 Warren 16,811 $212,479
08805 Bound brook 14,066 $93,341

Frequently Asked Questions about ZIP Code 07924

ZIP code 07924 (Bernardsville, NJ) has a total population of 7,713 according to the 2024 American Community Survey. The median age is 40.40 years.

The median household income in ZIP code 07924 is $236,042 per year, based on 2024 Census Bureau data. This is 215% above the national median of $75,000.

ZIP code 07924 is primarily located in Bernardsville, New Jersey (NJ). It falls within Somerset County.

The median home value in ZIP code 07924 is $785,100, based on the 2024 American Community Survey 5-year estimates. The median monthly rent is $2,297.

The median age in ZIP code 07924 is 40.40 years, compared to the national median of 38.9 years. This makes the area older than the national average.

ZIP code 07924 has a cost of living index of 244.80 (national average = 100). This means the cost of living is very high compared to the national average.

In ZIP code 07924, 72.82% of adults (25+) hold a bachelor's degree or higher, compared to the national average of 33.7%. 31.13% hold a graduate or professional degree.

The unemployment rate in ZIP code 07924 is 4.47%, which is above the national average of 3.6%. About 27.11% of workers work from home.

Explore More

Data sourced from the 2024 American Community Survey (U.S. Census Bureau). Learn more about our data sources.