Last updated: 2024 BLS data · Page refreshed:
Somerset has a population of 22,720 with a median age of 41.3. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 22,720 |
| Median Age | 41.3 |
| White | 35.7% |
| Black or African American | 28.7% |
| Asian | 23.2% |
| Hispanic or Latino | 11.6% |
| Other / Two or More Races | 0.8% |
The median household income in Somerset is $121,028, which is 50.1% above the national median of $80,610. The per capita income is $60,499. The poverty rate is 4.5%.
Tools that help you land a better-paying role — wherever you live. · Sponsored - see disclosure.
In Somerset, 95.3% of residents age 25+ have a high school diploma or higher, and 62.0% hold a bachelor's degree or higher (26.2% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 95.3% |
| Bachelor's Degree or Higher | 62.0% |
| Graduate or Professional Degree | 26.2% |
The median home value in Somerset is $438,800, above the national median of $303,400. The median monthly rent is $2,121. The homeownership rate is 72.9%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $438,800 |
| Median Monthly Rent | $2,121 |
| Homeownership Rate | 72.9% |
| Vacancy Rate | 2.6% |
Explore salary data for popular occupations in New Jersey:
Find resources to help plan your move, explore homes, and compare insurance rates in New Jersey.
Free data-driven updates on cities, salaries & cost of living — no spam, unsubscribe anytime.
Join Americans who use data to make smarter decisions. Privacy Policy