Somerset, New Jersey has a population of 24,818, with a median household income of $98,114.
Current median income data for Somerset.
24,818
$98,114
2.80%
$421,114
0.30
286.80 Mbps
Somerset is a small local community located in New Jersey. The city has a population that is above the average city population in New Jersey, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.
Situated in New Jersey, Somerset provides insight into regional population trends, income levels, and housing conditions.
Somerset has a population of 24,818, which is higher than the state average. This indicates a relatively larger urban presence within New Jersey.
The median household income in Somerset is $98,114, which is below the state average, indicating moderate economic conditions.
The average housing price in Somerset is about $421,114, making it relatively affordable compared to many cities in New Jersey.
The unemployment rate in Somerset is 2.80%, which is lower than the state average, indicating a relatively strong job market. Somerset has a lower crime rate than the state average, contributing to a relatively safer living environment.
Compared to other cities in New Jersey, Somerset shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.
Somerset continues to play a role in shaping regional trends in New Jersey, particularly in terms of economic and demographic factors.
The population of Somerset is approximately 24,818.
Somerset offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.
The median household income in Somerset is around $98,114.
The average housing price in Somerset is approximately $421,114.