New Jersey · Census place 68370
Somerset CDP, NJ
Quick answer
Somerset CDP has 23,851 residents, ranking #44 of 700 places in New Jersey. Median household income is $113,603, the median home is worth $408,600 and median gross rent runs $2,050 a month.
- Population
- 23,851Somerset CDP residents
- Median household income
- $113,603Past 12 months, inflation adjusted
- Median home value
- $408,600Owner-occupied units
- Median gross rent
- $2,050Rent plus utilities, monthly
- Median age
- 40.9 yrsAll residents
- Homeownership rate
- 73.1%Owner-occupied households
What the numbers mean in Somerset CDP
Housing cost measured against local earnings.
A household earning the Somerset CDP median would spend about 21.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.1% of residents and 73.1% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in New Jersey.
- Cliffside Park borough 25,580
- Carteret borough 25,187
- South Plainfield borough 24,231
- Glassboro borough 23,375
- North Plainfield borough 22,667
- Summit city 22,512
- Roselle borough 22,455
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