Somerset

Population: 23,851
Median household income: $113,603
Median home value: $408,600

Somerset is a community in Somerset County, New Jersey, home to 23,851 residents. Its median household income of $113,603 runs below the Somerset County figure of $135,960.

From 2019 to 2023, Somerset's population declined 2.7% from 24,509 to 23,851, while its median home value rose 29.3% from $315,900 to $408,600.

The typical home was built around 1980. 6.1% of residents live below the poverty line.

Demographics

ACS 2019–2023

Population: 23,851
Median age: 40.9 yrs
Median household income: $113,603
Median home value: $408,600
Median gross rent: $2,050
Housing units: 10,036
Homeownership rate: 73.1%
Bachelor's degree or higher: 58.6%
Unemployment rate: 3.8%

Trends

ACS 5-year · 2019–2023

Population

24,50923,851

Median household income

$96,197$113,603

Median home value

$315,900$408,600

Median gross rent

$1,629$2,050

Year	Population	Median household income	Median home value	Median gross rent
2019	24,509	$96,197	$315,900	$1,629
2020	24,119	$93,643	$321,900	$1,704
2021	24,827	$101,627	$330,300	$1,846
2022	24,246	$110,859	$381,500	$1,962
2023	23,851	$113,603	$408,600	$2,050

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 55.1%

5 to 1714.3%

18 to 247.7%

25 to 3415.0%

35 to 4413.5%

45 to 5414.2%

55 to 6412.6%

65 to 749.9%

75 and over7.6%

	Count	Share
Under 5	1,228	5.1%
5 to 17	3,407	14.3%
18 to 24	1,833	7.7%
25 to 34	3,589	15.0%
35 to 44	3,227	13.5%
45 to 54	3,396	14.2%
55 to 64	3,010	12.6%
65 to 74	2,350	9.9%
75 and over	1,811	7.6%

Race & ethnicity

	Count	Share
White (non-Hispanic)	7,714	32.3%
Black or African American	7,292	30.6%
American Indian & Alaska Native	0	0.0%
Asian	5,089	21.3%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	52	0.2%
Two or more races	833	3.5%
Hispanic or Latino (any race)	2,871	12.0%

Educational attainment (age 25+)

No high school diploma4.0%

High school graduate16.0%

Some college or associate's21.4%

Bachelor's degree33.6%

Graduate or professional degree25.0%

	Count	Share
No high school diploma	694	4.0%
High school graduate	2,779	16.0%
Some college or associate's	3,728	21.4%
Bachelor's degree	5,837	33.6%
Graduate or professional degree	4,345	25.0%

Commute to work

Mean travel time to work: 34 min

Drove alone69.7%

Carpooled5.4%

Public transit6.7%

Walked0.6%

Bicycle0.0%

Worked from home17.1%

Other means0.6%

How workers get to work

	Count	Share
Drove alone	9,296	69.7%
Carpooled	726	5.4%
Public transit	887	6.7%
Walked	75	0.6%
Bicycle	0	0.0%
Worked from home	2,273	17.1%
Other means	74	0.6%

Travel time

	Count	Share
Under 15 min	1,768	16.0%
15 to 29 min	3,519	31.8%
30 to 44 min	2,769	25.0%
45 to 59 min	951	8.6%
60+ min	2,051	18.5%

Households

Average household size: 2.40
Poverty rate: 6.1% (1,426 of 23,447)

	Count	Share
Family households	5,899	60.4%
Nonfamily households	3,861	39.6%

Housing

Median year structure built: 1980

Occupancy

	Count	Share
Occupied	9,760	97.2%
Vacant	276	2.8%

Tenure (of occupied units)

	Count	Share
Owner-occupied	7,130	73.1%
Renter-occupied	2,630	26.9%

1-unit, detached48.3%

1-unit, attached24.9%

2 to 4 units3.9%

5 to 19 units12.6%

20 or more units10.3%

Mobile home & other0.1%

Units in structure

	Count	Share
1-unit, detached	4,847	48.3%
1-unit, attached	2,495	24.9%
2 to 4 units	391	3.9%
5 to 19 units	1,260	12.6%
20 or more units	1,030	10.3%
Mobile home & other	13	0.1%

Geography

Place GEOID: 3468370
Type (LSAD): 57
Land area: 6.33 sq mi
Water area: 0.13 sq mi
Center point: 40.5085, -74.5002