Somerset County, New Jersey
Income Data
At a Glance
How Somerset County Compares
Detailed Income Statistics
Data Story
About Household Income in Somerset County, New Jersey
Somerset ranks among America's wealthiest counties
Somerset County's median household income of $135,960 towers 81.8% above the national median of $74,755, placing it in the top tier of U.S. counties by earnings. This exceptional income level reflects Somerset's concentration of corporate headquarters, pharmaceutical executives, and highly educated professionals.
Tops New Jersey's income hierarchy
Somerset's $135,960 median income ranks among the highest in New Jersey, exceeding the state average of $100,891 by 34.7%. Only a handful of New Jersey counties match Somerset's wealth concentration and earning power.
Somerset vastly outearns comparable counties
Somerset households earn $21,644 more than Sussex County and $35,843 more than Warren County, the two other northern New Jersey neighbors in this comparison. This income premium reflects Somerset's status as a hub for pharmaceutical, biotech, and financial services firms.
High income supports premium housing costs
Somerset's 16.9% rent-to-income ratio remains comfortably below the 30% stress threshold, despite New Jersey's high rental markets. The median home value of $523,900 aligns well with Somerset incomes, allowing qualified buyers to build substantial home equity.
Leverage exceptional income for long-term wealth
Somerset's above-average per capita income of $70,321 creates exceptional opportunity for wealth accumulation through diversified investments and tax-efficient planning. High earners here should prioritize 401(k) maximization, tax-advantaged accounts, and real estate diversification beyond primary residences.
Frequently Asked Questions
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Your income is above the Somerset County median
County median: $135,960 per year
vs. County Median
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vs. State Average
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vs. National Median
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.