Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.3 yrs |
|---|---|
| Avg HH Size | 2.55 |
| Below Poverty | 6.3% ▼ 37% below avg |
| College Grads | 62.4% ▲ 61% above avg |
| Unemployment | 4.3% ▼ 13% below avg |
| No HS Diploma | 570 (1.5%) |
| HS Graduate | 7,179 (19.1%) |
| Some College | 2,800 (7.4%) |
| Associates | 3,610 (9.6%) |
| Bachelors | 2,789 (7.4%) |
| Graduate Degree | 20,705 (55%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $117,866 ▲ 54% above avg |
|---|---|
| Median Home Value | $438,600 ▲ 57% above avg |
| Home/Income Ratio | 3.7x (nat avg ~3.5x) |
| Median Rent | $1,942/mo |
| Total Housing Units | 22,142 |
| Vacant Units | 501 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Somerset is a city in New Jersey, located in Somerset County. The city spans 2 ZIP codes and is home to approximately 55,862 residents. It is a middle-aged city, with a median age of 40.3 years.
Economically, Somerset is a upper-middle-income community. The median household income of $117,866 is significantly above the national average. Approximately 6.3% of residents live below the poverty line. The unemployment rate is 4.3%, near the national average.
The real estate market in Somerset is a premium housing market. Median home values stand at $438,600, which is significantly above the national average. Renters typically pay around $1,942 per month. Homeownership is high at 67.3%, typical of suburban and family-oriented communities.
The population of Somerset is highly educated. 62.4% of adults hold a bachelor's degree or higher — significantly above the national average. The community is racially diverse, with White as the largest group at 28.6%.
Somerset, NJ offers residents above-average earning potential within New Jersey. Spread across 2 ZIP codes, the city's neighborhoods vary in character, density, and demographics — explore each ZIP code below for a detailed breakdown.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 08873 | 55,862 | $117,866 | $438,600 | $1,942 | 4.3% | 62.4% | 67.3% |