Somerset, New Jersey

Moving to or Living in Somerset Pros and Cons, Cost of Living, Crime Rate, Demographics

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

Explore the life in Somerset based on crime, public schools, cost of living, real estate, housing, properties, job opportunities, and local amenities data and Statistics.

  1. Overview - Life In Somerset
  2. Pros and Cons of Living In Somerset
  3. Crime In Somerset
  4. Cost of Living In Somerset
  5. Gender In Somerset
  6. Household Income For Somerset
  7. Education In Somerset
  8. Race & Ethnicity In Somerset
About Somerset, New Jersey
Is Somerset, New Jersey a good place to live?
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.

A high school education is a basic prerequisite for most jobs, and in Somerset, only 96% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Somerset remained 4.7%, which is 0% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Somerset, only 55% of adults have a bachelor's degree and 22% have some college but no degree.

Cost of living in Somerset is 123, which is 23% higher than national average. 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.
Population
24119
Unemployment
4.7%
0% NAT AVG.
Poverty
7.6%
46% NAT AVG.
Overall Score
7
Median Home
$321900
40% NAT AVG.
Median Income
$93643
39% NAT AVG.
Median Rent
$1704
47% NAT AVG.
Cost Of Living
123
23% NAT AVG.
People Living BPL
1 in 13
Unemployed People
1 in 21
People Earning < $10,000
1 in 19
People Earning < $50,000
22.2%
People with <= High School
1 in 4.3
People With Any Degree
1 in 1.6
Pros & Cons Overview

Jobs85%

Housing90%

Affordability60%

Safety90%

Amenities90%

Diversity100%

Education90%

Commute40%


Cost of Living
Expense Somerset New Jersey National Avg.
Services 113 107 100
Groceries 108 107 100
Health 102 100 100
Housing 164 160 100
Transportation 108 106 100
Utilities 100 98 100
Cost of Living
Gender
Gender Somerset New Jersey Country
Female 51.6% 51.1% 50.8%
Male 48.4% 48.9% 49.2%
Gender

Household Income


Income Somerset New Jersey Country
Less than $10,000 5.2% 4.7% 5.8%
$10,000 to $14,999 1.2% 3.1% 4.1%
$15,000 to $24,999 4.5% 6.7% 8.5%
$25,000 to $34,999 4% 6.6% 8.6%
$35,000 to $49,999 7.3% 9% 12.0%
$50,000 to $74,999 16.2% 14.5% 17.2%
$75,000 to $99,999 14.9% 12.3% 12.8%
$100,000 to $149,999 20.6% 17.8% 15.6%
$150,000 to $199,999 15.2% 10.4% 7.1%
$200,000 or more 10.9% 14.8% 8.3%
Education


Education Somerset New Jersey Country
< 9th Grade 2% 3% 5.0%
9-12th Grade 2% 5% 7.0%
High School or GED 19% 27% 27.0%
Other College 13% 16% 20.0%
Associate's Degree 9% 7% 9%
Bachelor's Degree 33% 25% 20.0%
Master's Degree 18% 12% 9.0%
Professional Degree 2% 3% 2.0%
Doctorate Degree 2% 2% 1.0%
Household Income
Education
Race / Ethnicity


Ethnicity Somerset New Jersey Country
White 33.7% 54.7% 60.1%
African American 29.7% 12.6% 12.2%
American Indian 0.1% 0.1% 0.6%
Asian 21.3% 9.6% 5.6%
Hawaiian 0% 0% 0.2%
Other 0.1% 0.5% 0.3%
Multiracial 3.2% 2.1% 2.8%
Hispanic 11.8% 20.4% 18.2%
Race / Ethnicity