Somerset County New Jersey Household Income
The Census ACS 1-year survey reports that the median household income for the Somerset County New Jersey area was $124,764 in 2021, the latest figures available. Somerset County median household income is $35,468 higher than the median New Jersey household income and $55,047 greater than the US median household income. 2022 county income data (including Somerset County median household income) will be released in September of 2023. Median family and per capita income for Somerset County are shown below.
Note: 2020 data is interpolated as the ACS release for the year was incomplete due to data gathering issues related to the pandemic.
Real Median Household Income for Somerset County New Jersey
| 2021 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $69,717 | -1.64% | +4.32% |
| New Jersey | $89,296 | -2.53% | +1.25% |
| Somerset County | $124,764 | +0.87% | -4.73% |
Trends in Somerset County, NJ Real Median Household Income since 2005
The current median household income for Somerset is $124,764. Real median household income peaked in 2018 at $130,963 and is now $6,199 (4.73%) lower.
Real Median Household Income: Somerset County, New Jersey, National
Historical Inflation Adjusted Median Household Income for Somerset County
| Date | US | New Jersey | Somerset County |
|---|---|---|---|
| 2021 | $69,717 | $89,296 | $124,764 |
| 2020 | $70,877 | $91,611 | $123,694 |
| 2019 | $69,638 | $90,875 | $118,254 |
| 2018 | $66,828 | $88,195 | $130,963 |
| 2017 | $66,687 | $88,518 | $123,958 |
| 2016 | $65,052 | $85,949 | $117,959 |
| 2015 | $63,784 | $82,592 | $112,575 |
| 2014 | $61,468 | $82,388 | $114,902 |
| 2013 | $60,869 | $81,740 | $113,257 |
| 2012 | $60,732 | $82,361 | $113,286 |
| 2011 | $60,969 | $81,439 | $116,331 |
| 2009 | $63,573 | $86,512 | $113,765 |
| 2007 | $66,465 | $87,810 | $127,924 |
| 2005 | $64,310 | $85,769 | $123,124 |
Somerset County Family Income
The ACS 1-year data shows the median family income for Somerset County was $151,694 in 2021. Compared to the median New Jersey family income, Somerset County median family income is $41,592 higher. As with the median household income data, 2022 family income data for Somerset County will be released in September of 2023.
Real Median Family Income for Somerset County New Jersey
| 2021 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $85,806 | -1.68% | +4.09% |
| New Jersey | $110,102 | -2.51% | +0.63% |
| Somerset County | $151,694 | +1.06% | -0.70% |
Trends in Somerset County, NJ Real Median Family Income since 2005
The current median family income for Somerset is $151,694. Real median family income peaked in 2018 at $152,769 and is now $1,075 (0.70%) lower.
Real Median Family Income: Somerset County, New Jersey, National
Historical Inflation Adjusted Median Family Income for Somerset County
| Date | US | New Jersey | Somerset County |
|---|---|---|---|
| 2021 | $85,806 | $110,102 | $151,694 |
| 2020 | $87,269 | $112,942 | $150,109 |
| 2019 | $85,780 | $112,021 | $143,203 |
| 2018 | $82,434 | $109,411 | $152,769 |
| 2017 | $81,669 | $107,542 | $147,908 |
| 2016 | $80,231 | $106,746 | $147,834 |
| 2015 | $78,061 | $103,203 | $139,817 |
| 2014 | $75,505 | $101,290 | $134,704 |
| 2013 | $74,593 | $99,518 | $136,732 |
| 2012 | $73,920 | $99,828 | $131,251 |
| 2011 | $74,192 | $99,303 | $132,810 |
| 2009 | $77,322 | $105,549 | $134,026 |
| 2007 | $80,131 | $107,181 | $146,460 |
| 2005 | $77,647 | $104,737 | $147,239 |
Somerset County Per Capita Income
The ACS 1-year survey shows the per capita income for Somerset County was $65,786 in 2021. Compared to the median New Jersey per capita income, Somerset County median per capita income is $18,448 higher. As with the median household and median family income numbers above, 2022 per capita income data for Somerset County will be released in September of 2023.
Real Per Capita Income for Somerset County New Jersey
| 2021 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $38,332 | -1.03% | +5.01% |
| New Jersey | $47,338 | -1.92% | +2.47% |
| Somerset County | $65,786 | +2.59% | +7.61% |
Trends in Somerset County, NJ Real Per Capita Income since 2005
At $65,786, the per capita income for Somerset was at a new inflation adjusted high in 2021.
Real Per Capita Income: Somerset County, New Jersey, National
Historical Real Per Capita Income for Somerset County
| Date | US | New Jersey | Somerset County |
|---|---|---|---|
| 2021 | $38,332 | $47,338 | $65,786 |
| 2020 | $38,730 | $48,266 | $64,125 |
| 2019 | $37,803 | $47,570 | $60,133 |
| 2018 | $36,503 | $46,196 | $61,134 |
| 2017 | $35,807 | $44,837 | $58,341 |
| 2016 | $35,145 | $43,932 | $58,175 |
| 2015 | $34,284 | $42,593 | $55,064 |
| 2014 | $33,094 | $41,920 | $57,021 |
| 2013 | $32,833 | $41,622 | $55,966 |
| 2012 | $32,297 | $41,242 | $54,715 |
| 2011 | $32,243 | $41,155 | $55,583 |
| 2009 | $33,430 | $43,372 | $55,350 |
| 2007 | $34,959 | $44,317 | $62,412 |
| 2005 | $34,817 | $43,768 | $61,609 |
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