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Somerset CDP, New Jersey Demographics & Population 2026

Highly DiverseNo single racial/ethnic group makes up a majority of the population

As of 2026, Somerset CDP, New Jersey has a total population of 23,851, the 44th largest city in New Jersey, with a median household income of $113,603, which is 12% higher than the state average. The poverty rate is 6.1%.

Key Takeaways

Somerset CDP Quick Facts

Population 23,851
Median Household Income $113,603
Median Home Value $408,600
Poverty Rate 6.1%
Unemployment Rate 3.8%
Median Age 40.9 years
Homeownership Rate 73.0%
Affordability Ratio 3.6x
Bachelor's Degree or Higher 58.6%
High School Graduation Rate 96.0%
Diversity Index 74/100
Population 23,851 44th of 700
Median Income $113,603 average
Poverty Rate 6.1% 51% lower national
Median Home Value $408,600 average

How Somerset CDP Compares

Economy & Housing

Employment

3.8% Unemployment Rate State: 6.2% | National: 5.2%
71.2% Labor Force Participation

Housing Overview

Owner 73.0%
Renter 26.9%
Affordability Index Affordable
3.6x home value to income ratio

People & Demographics

Diversity Index

74out of 100
Very High Diversity

This community is exceptionally diverse, with no single racial or ethnic group dominating the population.

State average: 65 | National average: 60

Education

Somerset CDP Rankings in New Jersey

#44 Population of 700
#281 Median Income of 700
#179 Education of 700
#325 Home Value of 700

Cities Similar to Somerset CDP

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
South Plainfield borough24,231$126,063$443,90042.0%3.5%
Parsippany CDP21,869$102,152$540,80060.0%5.9%
Cliffside Park borough25,580$94,960$577,20042.4%11.3%
Morristown town20,256$115,409$552,80057.5%9.2%
Elmwood Park borough21,287$100,852$456,00035.7%10.0%

Population Overview

Somerset CDP is a small city located in New Jersey. The total population is 23,851. It ranks as the 44th most populous out of 700 cities and towns in New Jersey.

Age Demographics

The median age in Somerset CDP is 40.9 years. This is 2% higher than the state median of 40.1 years.

Economy, Income & Housing

The median household income in Somerset CDP is $113,603. This is 12% higher than the state median of $101,050. Compared to the national median of $78,538, household income here is 45% higher. The poverty rate stands at 6.1%. This is 38% lower than the state poverty rate of 9.8%. The unemployment rate is 3.8%. This is 38% lower than the state rate of 6.2%. The median home value is $408,600. Housing costs are 4% lower than the state median of $427,600. The home-value-to-income ratio is 3.6x. 73.0% of occupied housing units are owner-occupied. This homeownership rate is 15% higher than the state average of 63.7%.

Race & Ethnicity

Somerset CDP is a highly diverse community where no single racial or ethnic group constitutes a majority of the population. Black or African American residents account for 30.6%. The Black or African American population is significantly higher than the state average (30.6% vs 12.3%). The Asian population is significantly higher than the state average (21.3% vs 9.8%).

Education

58.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 36% higher than the state rate of 42.9%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.0%. Notably, 25.0% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Somerset CDP, New Jersey is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against New Jersey state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 700 Census-designated places in New Jersey. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Somerset CDP, New Jersey?

Somerset CDP, New Jersey has a population of 23,851 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Somerset CDP, NJ?

The median household income in Somerset CDP is $113,603, which is 45% higher the national median of $78,538.

What is the poverty rate in Somerset CDP, NJ?

The poverty rate in Somerset CDP is 6.1%. This means approximately 1,426 residents live below the federal poverty line.

What is the racial makeup of Somerset CDP, New Jersey?

Somerset CDP's population is 32.3% White, 30.6% Black, 12.0% Hispanic/Latino, and 21.3% Asian.

What is the median home value in Somerset CDP, NJ?

The median home value in Somerset CDP is $408,600. The home-value-to-income ratio is 3.6x.

How educated is Somerset CDP, New Jersey?

58.6% of adults (25+) in Somerset CDP hold a bachelor's degree or higher, and 25.0% hold a graduate or professional degree.