Somerset County, New Jersey

Income Data

+35% vs. New Jersey average
$135,960
Median Household Income
$70,321
Per Capita Income

At a Glance

Median Household Income
$135,960
+35% vs. state avg
Per Capita Income
$70,321
+78% vs. national
Income-to-Housing Ratio
26.0%
income as % of home value
Rank in New Jersey
#2 / 21
by median household income

How Somerset County Compares

Somerset County$135,960
New Jersey Average$100,891
National Median$74,755

Detailed Income Statistics

$135,960
Median Household Income
$70,321
Per Capita Income
$523,900
Median Home Value
26.0%
Income-to-Housing Ratio

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

What is the median household income in Somerset County, New Jersey?
The median household income in Somerset County, New Jersey is $135,960, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Somerset County?
The per capita income in Somerset County is $70,321, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $135,960.
How does Somerset County compare to the New Jersey average?
Somerset County's median household income of $135,960 is higher than the New Jersey state average of $100,891. The per capita income is $70,321, compared to the state average of $52,255.
What is the per capita income in Somerset County, New Jersey?
The per capita income in Somerset County, New Jersey is $70,321, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Somerset County income higher than the New Jersey average?
Somerset County's median household income of $135,960 is higher than the New Jersey average of $100,891. This difference of $35,069 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Somerset County rank for income in New Jersey?
Somerset County ranks #2 out of 21 counties in New Jersey by median household income (1 = highest). With a median household income of $135,960 and per capita income of $70,321, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Somerset County

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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

+35%

vs. National Median

+82%

vs. Somerset County MedianAbout equal
vs. New Jersey Average35% above
vs. National Median82% above

Income Adequacy

Monthly income covers median rent5.9x

Your monthly income ($11,330) vs. median rent ($1,921/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.