Pros and Cons of Living In Somerset, New Jersey. Is Somerset, NJ a Nice Place To Live or Retire?

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Somerset, New Jersey

Moving to Somerset In New Jersey ? Is Somerset, NJ a Nice Place To Live? Pros and Cons of Living in Somerset, New Jersey. Find out the best and worst about to live, raise a family or retire in Somerset.

DEMOGRAPHICS

Population
24119
Unemployment
4.7%
0% NAT AVG.
Poverty
7.6%
46% NAT AVG.
Cost Of Living
123
23% NAT AVG.

ECONOMICS

Median Home Cost
$321900
40% NAT AVG.
Median Income
$93643
39% NAT AVG.
Median Rent
$1704
47% NAT AVG.
Overall Score
7

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 13
Unemployed People
1 in 21
People Earning < $10,000
1 in 19
People Earning < $50,000
22.2%
People With Any Degree
1 in 1.6

ETHNICITY

Ethnicity Somerset USA
White 33.7% 60.1%
African American 29.7% 12.2%
American Indian 0.1% 0.6%
Asian 21.3% 5.6%
Hawaiian 0% 0.2%
Multiracial 3.2% 2.8%
Hispanic 11.8% 18.2%
Other 0.1% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Somerset USA
Less than $10,000 5.2% 5.8%
$10,000 to $14,999 1.2% 4.1%
$15,000 to $24,999 4.5% 8.5%
$25,000 to $34,999 4% 8.6%
$35,000 to $49,999 7.3% 12.0%
$50,000 to $74,999 16.2% 17.2%
$75,000 to $99,999 14.9% 12.8%
$100,000 to $149,999 20.6% 15.6%
$150,000 to $199,999 15.2% 7.1%

EDUCATION

Education Somerset USA
< 9th Grade 2% 5.0%
9-12th Grade 2% 7.0%
High School or GED 19% 27.0%
Other College 13% 20.0%
Associate's Degree 9% 9%
Bachelor's Degree 33% 20.0%
Master's Degree 18% 9.0%
Professional Degree 2% 2.0%
Doctorate Degree 2% 1.0%
Somerset is a city in New Jersey state in USA with a population of 24119 residents.. The poverty rate of Somerset is 7.6%, which is 46% lower than national average. The typical household in Somerset earns $93643 a year, compared to the national median of $67,500. Nearly 22.2% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Somerset remained 4.7%, which is 0% lower than national rate.

Cost of living in Somerset is 123, which is 23% higher than national average. In Somerset, only 55% of adults have a bachelor's degree and 22% have some college but no degree. Median home value in Somerset is $321900 , which is 40% higher than national average. While median income in Somerset remained $93643, which is 39% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Somerset Scorecard

Jobs85%

Housing90%

Affordability60%

Safety90%

Amenities90%

Diversity100%

Education90%

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