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MapMap ViewSomerset, NJ 08873 has a population of approximately 54,342 and experiences a population change rate of 31.91%. The population density is 1,682.6 / sq mi .
The median household income for Somerset, NJ 08873 is $98,251, with 20,794 households and an average household size of 2.62.
The median value of a home in Somerset, NJ 08873 is $435,400 with an appreciation rate of 15.10%. 64.41% of housing in the state is owned while 29.74% is rented.
The cost of living in Somerset, NJ 08873 is 141.3 %.
The unemployment rate in Somerset, NJ 08873 is 2.60%, and recent job growth is at 2.83%. Future job growth is projected at 47.22%.
The sales tax rate in Somerset, NJ 08873 is 6.63%, while the income tax rate is 5.53% .
School expenditures in Somerset, NJ 08873 are $23,575, and the school ratio is 10.9:1.
The average high temperature in July is 85.8 degrees, with an average low temperature in January of 21 degrees. The average rainfall is approximately 48.2 inches per year, with 23.1 inches of snow per year.
