Somerset, NJ
Full City Profile · New Jersey · Middlesex County County
4.8
/5.0
A+
Excellent
23,851
Population
3,768/sq mi density
$113,603
Median Income
$57,140 per capita
$408,600
Home Value
$578,473 Zillow
$2,050
Median Rent
33.0% income on rent
54°F
Avg Temperature
A+
Overall
4.8 / 5.0
Strong
A+
Economy
4.7 / 5.0
$113,603 median income, 3.8% unemployment
A+
Affordability
4.7 / 5.0
$408,600 home value, $2,050/mo rent
A+
Education
5.0 / 5.0
58.6% bachelor's degree or higher
Change Over Time (2013, 2023)
Population Change
+0.6%
23,703 → 23,851
over 10 years
Annual Pop. Growth
+0.06%
Compound annual growth rate
Median Income Change
+22.6%
$92,673 → $113,603
nominal, not inflation-adjusted
Annual Income Growth
+2.06%
Compound annual growth rate
Population Over Time
Total population for Somerset across each available Census ACS release.
Median Household Income Over Time
Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).
Projected 2030
Simple projections extrapolating the 2013, 2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts, real outcomes depend on migration, policy and economic shifts.
Projected Population 2030
23,951
+100 from 2023 (23,851)
Projected Median Income 2030
$131,032
+$17,429 from 2023 ($113,603)
Year-by-Year Detail
| Year | Population | YoY % | Median Income | YoY % |
|---|---|---|---|---|
| 2013 | 23,703 | - | $92,673 | - |
| 2015 | 24,409 | +3% | $89,722 | -3.2% |
| 2017 | 24,779 | +1.5% | $94,680 | +5.5% |
| 2019 | 24,509 | -1.1% | $96,197 | +1.6% |
| 2021 | 24,827 | +1.3% | $101,627 | +5.6% |
| 2023 | 23,851 | -3.9% | $113,603 | +11.8% |
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.