Somerset, NJ
22,720Residents
$121,028Median household income
$2,121/moMedian gross rent
$438,800Median home value
41.3Median age
62%Adults with a bachelor’s degree or higher
73%Homes lived in by their owners
3.6×Home value to household income
Median rent takes about 21% of the median household income in Somerset.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $85,000 a year. In New Jersey that leaves roughly $5,365 a month after tax. See the full paycheck breakdown for $85,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.