Somerset, NJ
Population 23,851 · New Jersey
About Somerset, NJ
Somerset is a mid-sized city in New Jersey with a population of 23,851 residents. The median household income is $113,603 per year, which is above the national average. The median age in Somerset is 40.9 years.
Housing in Somerset has a median home value of $408,600 and median monthly rent of $2,050. Of the 10,036 total housing units, the majority are owner-occupied, with 7,130 owner-occupied and 2,630 renter-occupied units.
The unemployment rate in Somerset is 3.8% and the poverty rate is 6.1%. 58.6% of residents hold a bachelor's degree or higher. The average commute time is 34.1 minutes.
How Somerset Ranks in New Jersey
Cost of Living in Somerset, NJ
Compared to national averages, Somerset has a median household income of $113,603 (51% above the national median of $75,149). Home values average $408,600, which is 67% above the national median. Monthly rent at $2,050 is 76% above the US average of $1,163. Within New Jersey, Somerset's income is 2% below the state average of $115,667, and home values are 13% below the state median of $469,644.
Why Live in Somerset, NJ?
Somerset offers a strong local economy with a median household income of $113,603, well above the national average, and a well-educated community where 58.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.1%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $408,600. However, Somerset’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Somerset has a population of 23,851 with a median age of 40.9 years. Compare Somerset with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Somerset
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| South Plainfield | 24,231 | $126,063 | $443,900 | Compare |
| Glassboro | 23,375 | $80,388 | $276,900 | Compare |
| North Plainfield | 22,667 | $83,529 | $350,700 | Compare |
| Carteret | 25,187 | $87,553 | $370,200 | Compare |
| Summit | 22,512 | $199,107 | $969,900 | Compare |
| Roselle | 22,455 | $82,967 | $336,500 | Compare |
| Hillsborough | 22,302 | $142,275 | $411,400 | Compare |
| Cliffside Park | 25,580 | $94,960 | $577,200 | 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.
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Frequently Asked Questions about Somerset
What is the population of Somerset, NJ?
The population of Somerset, NJ is 23,851 according to the latest Census data.
What is the median household income in Somerset?
The median household income in Somerset, NJ is $113,603 per year.
What is the median home value in Somerset?
The median home value in Somerset, NJ is $408,600.
What is the average rent in Somerset?
The median monthly rent in Somerset, NJ is $2,050.
What is the unemployment rate in Somerset?
The unemployment rate in Somerset, NJ is 3.8%.