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 $112,153 in 2017, the latest figures available. Somerset County median household income is $32,065 higher than the median New Jersey household income and $51,817 greater than the US median household income. 2018 county income data (including Somerset County median household income) will be released in September of 2019. Median family and per capita income for Somerset County are shown below.
Real Median Household Income for Somerset County New Jersey
| 2017 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $60,336 | +2.51% | +8.49% |
| New Jersey | $80,088 | +2.99% | +7.44% |
| Somerset County | $112,153 | +5.09% | +7.88% |
Trends in Somerset County, NJ Real Median Household Income since 2005
The current median household income for Somerset is $112,153. Real median household income peaked in 2007 at $115,740 and is now $3,587 (3.10%) lower. From a post peak low of $101,854 in 2015, real median household income for Somerset has now grown by $10,299 (10.11%).
Real Median Household Income: Somerset County, New Jersey, National
Historical Inflation Adjusted Median Household Income for Somerset County
| Date | US | New Jersey | Somerset County |
|---|---|---|---|
| 2017 | $60,336 | $80,088 | $112,153 |
| 2016 | $58,856 | $77,764 | $106,725 |
| 2015 | $57,709 | $74,727 | $101,854 |
| 2014 | $55,613 | $74,541 | $103,957 |
| 2013 | $55,072 | $73,954 | $102,469 |
| 2012 | $54,948 | $74,517 | $102,497 |
| 2011 | $55,162 | $73,683 | $105,252 |
| 2010 | $56,388 | $76,257 | $106,215 |
| 2009 | $57,519 | $78,273 | $102,930 |
| 2008 | $59,382 | $80,324 | $114,826 |
| 2007 | $60,135 | $79,447 | $115,740 |
| 2006 | $59,051 | $78,574 | $111,747 |
Somerset County Family Income
The ACS 1-year data shows the median family income for Somerset County was $133,822 in 2017. Compared to the median New Jersey family income, Somerset County median family income is $36,522 higher. As with the median household income data, 2018 family income data for Somerset County will be released in September of 2019.
Real Median Family Income for Somerset County New Jersey
| 2017 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $73,891 | +1.79% | +8.17% |
| New Jersey | $97,300 | +0.75% | +6.17% |
| Somerset County | $133,822 | +0.05% | +9.80% |
Trends in Somerset County, NJ Real Median Family Income since 2005
The current median family income for Somerset is $133,822. Real median family income peaked in 2008 at $134,644 and is now $822 (0.61%) lower. From a post peak low of $118,751 in 2012, real median family income for Somerset has now grown by $15,071 (12.69%).
Real Median Family Income: Somerset County, New Jersey, National
Historical Inflation Adjusted Median Family Income for Somerset County
| Date | US | New Jersey | Somerset County |
|---|---|---|---|
| 2017 | $73,891 | $97,300 | $133,822 |
| 2016 | $72,591 | $96,580 | $133,756 |
| 2015 | $70,627 | $93,375 | $126,502 |
| 2014 | $68,313 | $91,642 | $121,873 |
| 2013 | $67,488 | $90,039 | $123,709 |
| 2012 | $66,880 | $90,321 | $118,751 |
| 2011 | $67,126 | $89,846 | $120,162 |
| 2010 | $68,289 | $92,872 | $129,954 |
| 2009 | $69,958 | $95,497 | $121,262 |
| 2008 | $72,321 | $97,881 | $134,644 |
| 2007 | $72,500 | $96,973 | $132,511 |
| 2006 | $71,330 | $94,912 | $128,625 |
Somerset County Per Capita Income
The ACS 1-year survey shows the per capita income for Somerset County was $52,785 in 2017. Compared to the median New Jersey per capita income, Somerset County median per capita income is $12,218 higher. As with the median household and median family income numbers above, 2018 per capita income data for Somerset County will be released in September of 2019.
Real Per Capita Income for Somerset County New Jersey
| 2017 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $32,397 | +1.88% | +8.20% |
| New Jersey | $40,567 | +2.06% | +6.96% |
| Somerset County | $52,785 | +0.29% | +2.32% |
Trends in Somerset County, NJ Real Per Capita Income since 2005
The current per capita income for Somerset is $52,785. Real per capita income peaked in 2007 at $56,468 and is now $3,683 (6.52%) lower. From a post peak low of $49,458 in 2010, real per capita income for Somerset has now grown by $3,327 (6.73%).
Real Per Capita Income: Somerset County, New Jersey, National
Historical Real Per Capita Income for Somerset County
| Date | US | New Jersey | Somerset County |
|---|---|---|---|
| 2017 | $32,397 | $40,567 | $52,785 |
| 2016 | $31,798 | $39,748 | $52,634 |
| 2015 | $31,019 | $38,537 | $49,820 |
| 2014 | $29,942 | $37,927 | $51,589 |
| 2013 | $29,706 | $37,658 | $50,635 |
| 2012 | $29,221 | $37,314 | $49,504 |
| 2011 | $29,173 | $37,236 | $50,290 |
| 2010 | $29,361 | $37,807 | $49,458 |
| 2009 | $30,246 | $39,242 | $50,079 |
| 2008 | $31,488 | $40,151 | $55,789 |
| 2007 | $31,629 | $40,096 | $56,468 |
| 2006 | $30,795 | $38,851 | $52,903 |
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