Median Household Income
$121,028 ± $9,222
Median Home Value
$438,800 ± $13,518
Median Gross Rent
$2,121 ± $164/mo
Per Capita Income
$60,499
Poverty Rate
4.5%
Unemployment Rate
3.7%
Homeownership Rate
72.9%
Bachelor's Degree or Higher
62.0%
Median Age
41.3
Average Commute
28 min
Households
9,492
Veterans
560
Population Over Time
Somerset shrank 6.8% from 2014 to 2024.
2014
24,375
2016
23,989
2018
24,527
2020
24,119
2022
24,246
2024
22,720
Population by Race & Ethnicity
White
35.7%
Hispanic or Latino
11.6%
Black or African American
28.7%
Asian
23.2%
Nearby Cities in New Jersey
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.