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CITY

Somerset

New Jersey · 22,720 residents · 6.329 sq mi
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The short version

Somerset is significantly wealthier than the US average, with a median household income of $121,028. Population has held roughly steady since 2000. 62% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value has more than doubled since 2000, reaching $438,800. Poverty is rare here, at 4.5% of residents. It ranks in the top 5% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 41.3
US median: 38.9
More educated
62% hold a bachelor's degree
US average: 36%
Less affordable
home values up 44%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
22,720
−1%since 2000
from 23,040 in 2000
1990 – 2024
Population density
3,590 / sq mi
−1%since 2000
from 3,640 / sq mi in 2000
US average: 281
Median age
41.3
+16%since 2000
from 35.6 in 2000
US average: 38.9
Population, 1990 – 2024
22K23K23K24K25K1990201020202024Somerset
202423K
1990201020202024
Section 02

Income & economy

Median household income
$121,028
+1%inflation adjusted, since 2000
from $65,831 in 2000
US average: $82,259
1990 – 2024
Per capita income
$60,499
+126%since 2000
from $26,798 in 2000
US average: $44,673
Households earning $100K+
74.6%
+24.3 ptssince 2009
from 50.3% in 2009
US average: 53.3%
Poverty rate
4.5%
−2.5 ptssince 2000
from 7.0% in 2000
US average: 12.5%
Income inequality (Gini)
0.394
+10%since 2010
from 0.358 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade8.6%
US avg: 9.9%
Other services7.5%
US avg: 6.7%
Information6.9%
US avg: 10.8%
Finance & insurance6.4%
US avg: 5.9%
Professional, scientific, technical6.1%
US avg: 5.1%
Public administration5.5%
US avg: 4.8%
Arts, entertainment, food2.9%
US avg: 1.9%
Wholesale trade2.7%
US avg: 6.9%
Transportation & warehousing2.6%
US avg: 2.2%
Education & health services0.3%
US avg: 0.9%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$438,800
+44%inflation adjusted, since 2000
from $167,000 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$2,121
+34%inflation adjusted, since 2000
from $870 in 2000
US average: $1,442
Owner-occupied
72.9%
+5.2 ptssince 2000
from 67.7% in 2000
27.1% rent
Vacancy rate
2.6%
−4.6 ptssince 2009
from 7.2% in 2009
US average: 10.0%
Owner cost-burdened
23.2%
−19.7 ptssince 2009
from 42.8% in 2009
US average: 22.9%
Renter cost-burdened
53.3%
+8.0 ptssince 2009
from 45.4% in 2009
US average: 47.4%
Afford Score
3.6
+43%since 2000
from 2.5 in 2000
1990 – 2024
Gentrification Score
40
RELATED:See current rent listings in Somerset on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic39.4%(9,067)
Black37.6%(8,666)
Hispanic / Latino12%(2,764)
Asian8.2%(1,891)
Other0%
Diversity Score83%(19,117)
2024
White, non-Hispanic32.7%(7,432)
Black28.1%(6,384)
Hispanic / Latino11.6%(2,644)
Asian23.1%(5,249)
Other4.4%(1,011)
Diversity Score93.1%(21,162)
Diversity Score
93
+12%since 2000
from 83 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
62.0%
+25.4 ptssince 2000
from 36.6% in 2000
US average: 35.6%
High school or higher
95.3%
+10.3 ptssince 2000
from 85.0% in 2000
US average: 89.6%
Graduate degree
26.2%
+13.4 ptssince 2000
from 12.8% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
35.3 min
+72%since 2000
from 20.5 min in 2000
US average: 26.5
Drive alone to work
66.1%
−11.9 ptssince 2009
from 78.0% in 2009
US average: 68.9%
Carpooled to work
5.5%
−3.9 ptssince 2009
from 9.4% in 2009
US average: 8.5%
Public transit
6.6%
+0.1 ptssince 2009
from 6.5% in 2009
US average: 3.2%
Worked from home
20.4%
+17.4 ptssince 2009
from 3.0% in 2009
US average: 15.0%
Walked to work
1.0%
−0.4 ptssince 2009
from 1.3% in 2009
US average: 2.4%
Biked to work
0.0%
−0.6 ptssince 2009
from 0.6% in 2009
US average: 0.4%
No vehicle available
3.7%
−1.5 ptssince 2009
from 5.2% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
3.8%
−3.0 ptssince 2011
from 6.8% in 2011
US average: 5.2%
Labor force participation
71.4%
+3.0 ptssince 2011
from 68.4% in 2011
US average: 63.5%
Self-employed
13.5%
+2.6 ptssince 2009
from 11.0% in 2009
US average: 13.1%
Management & professional
60.8%
−12.0 ptssince 2009
from 72.8% in 2009
US average: 42.5%
Section 08

People & community

Male
49.6%
+2.3 ptssince 2009
from 47.3% in 2009
Female
50.4%
−2.3 ptssince 2009
from 52.7% in 2009
Foreign born
29.1%
+1.6 ptssince 2009
from 27.4% in 2009
US average: 14.1%
Veterans
3.0%
−43.5 ptssince 2009
from 46.6% in 2009
US average: 6.2%
With a disability
10.0%
+0.6 ptssince 2012
from 9.4% in 2012
US average: 13.3%
Uninsured
1.8%
−89.9 ptssince 2013
from 91.7% in 2013
US average: 8.4%
Broadband at home
97.8%
+8.4 ptssince 2017
from 89.4% in 2017
US average: 91.0%
English only at home
67.7%
−3.0 ptssince 2016
from 70.7% in 2016
US average: 77.7%
Spanish at home
6.4%
−0.7 ptssince 2016
from 7.1% in 2016
US average: 13.6%
Drill deeper

Places similar to Somerset

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Pop 23,615
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Pop 19,291
Places similar to Somerset
Head to head

Compare Somerset to nearby cities

SOMERSET VS
East Franklin
Income$115,458−5%
Home value$385,900−12%
Population11,070−51%
SEE FULL COMPARISON →
SOMERSET VS
New Brunswick
Income$65,810−46%
Home value$353,800−19%
Population57,133+151%
SEE FULL COMPARISON →
SOMERSET VS
Highland Park
Income$104,694−13%
Home value$471,700+7%
Population15,259−33%
SEE FULL COMPARISON →
SOMERSET VS
Bound Brook
Income$90,571−25%
Home value$397,100−10%
Population13,038−43%
SEE FULL COMPARISON →
Frequently asked

How many people live in Somerset, New Jersey?

Somerset, New Jersey has about 22,720 residents according to the 2024 American Community Survey.

What is the median household income in Somerset, New Jersey?

The typical household in Somerset, New Jersey earns about $121,028 a year. Half of households make more than that, and half make less.

Is Somerset, New Jersey expensive?

In Somerset, New Jersey, the median home is worth about $438,800, and the typical rent is about $2,121 a month.

How educated are people in Somerset, New Jersey?

About 62.0% of adults age 25 and over in Somerset, New Jersey hold a bachelor's degree or higher.

What is the poverty rate in Somerset, New Jersey?

About 4.5% of people in Somerset, New Jersey live below the federal poverty line.

Has Somerset, New Jersey grown since 1990?

Yes, Somerset, New Jersey has grown since 1990. The population has added about 650 residents, a change of about 3 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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