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 $111,587 in 2019, the latest figures available. Somerset County median household income is $25,836 higher than the median New Jersey household income and $45,875 greater than the US median household income. 2020 county income data (including Somerset County median household income) will be released in September of 2021. Median family and per capita income for Somerset County are shown below.
Real Median Household Income for Somerset County New Jersey
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $65,712 | +4.21% | +7.05% |
| New Jersey | $85,751 | +3.04% | +5.73% |
| Somerset County | $111,587 | -9.70% | +0.25% |
Trends in Somerset County, NJ Real Median Household Income since 2005
The current median household income for Somerset is $111,587. Real median household income peaked in 2018 at $123,578 and is now $11,991 (9.70%) 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 |
|---|---|---|---|
| 2019 | $65,712 | $85,751 | $111,587 |
| 2018 | $63,059 | $83,221 | $123,578 |
| 2017 | $62,927 | $83,527 | $116,968 |
| 2016 | $61,383 | $81,102 | $111,307 |
| 2015 | $60,187 | $77,936 | $106,228 |
| 2014 | $58,001 | $77,741 | $108,421 |
| 2013 | $57,437 | $77,130 | $106,870 |
| 2012 | $57,307 | $77,717 | $106,898 |
| 2011 | $57,531 | $76,847 | $109,772 |
| 2010 | $58,809 | $79,532 | $110,776 |
| 2009 | $59,988 | $81,634 | $107,350 |
| 2007 | $62,717 | $82,858 | $120,709 |
| 2005 | $60,684 | $80,933 | $116,181 |
Somerset County Family Income
The ACS 1-year data shows the median family income for Somerset County was $135,129 in 2019. Compared to the median New Jersey family income, Somerset County median family income is $29,424 higher. As with the median household income data, 2020 family income data for Somerset County will be released in September of 2021.
Real Median Family Income for Somerset County New Jersey
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $80,944 | +4.06% | +6.92% |
| New Jersey | $105,705 | +2.39% | +4.94% |
| Somerset County | $135,129 | -6.26% | -3.13% |
Trends in Somerset County, NJ Real Median Family Income since 2005
The current median family income for Somerset is $135,129. Real median family income peaked in 2018 at $144,154 and is now $9,025 (6.26%) 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 |
|---|---|---|---|
| 2019 | $80,944 | $105,705 | $135,129 |
| 2018 | $77,786 | $103,242 | $144,154 |
| 2017 | $77,064 | $101,478 | $139,568 |
| 2016 | $75,707 | $100,726 | $139,498 |
| 2015 | $73,660 | $97,384 | $131,934 |
| 2014 | $71,246 | $95,577 | $127,107 |
| 2013 | $70,386 | $93,906 | $129,021 |
| 2012 | $69,752 | $94,199 | $123,849 |
| 2011 | $70,009 | $93,704 | $125,322 |
| 2010 | $71,221 | $96,860 | $135,534 |
| 2009 | $72,962 | $99,598 | $126,469 |
| 2007 | $75,612 | $101,137 | $138,200 |
| 2005 | $73,269 | $98,831 | $138,937 |
Somerset County Per Capita Income
The ACS 1-year survey shows the per capita income for Somerset County was $56,743 in 2019. Compared to the median New Jersey per capita income, Somerset County median per capita income is $11,855 higher. As with the median household and median family income numbers above, 2020 per capita income data for Somerset County will be released in September of 2021.
Real Per Capita Income for Somerset County New Jersey
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $35,672 | +3.57% | +7.57% |
| New Jersey | $44,888 | +2.98% | +8.28% |
| Somerset County | $56,743 | -1.64% | +3.37% |
Trends in Somerset County, NJ Real Per Capita Income since 2005
The current per capita income for Somerset is $56,743. Real per capita income peaked in 2007 at $58,892 and is now $2,149 (3.65%) lower. From a post peak low of $51,582 in 2010, real per capita income for Somerset has now grown by $5,161 (10.01%).
Real Per Capita Income: Somerset County, New Jersey, National
Historical Real Per Capita Income for Somerset County
| Date | US | New Jersey | Somerset County |
|---|---|---|---|
| 2019 | $35,672 | $44,888 | $56,743 |
| 2018 | $34,444 | $43,591 | $57,687 |
| 2017 | $33,788 | $42,309 | $55,051 |
| 2016 | $33,163 | $41,454 | $54,894 |
| 2015 | $32,351 | $40,191 | $51,959 |
| 2014 | $31,228 | $39,556 | $53,805 |
| 2013 | $30,982 | $39,275 | $52,810 |
| 2012 | $30,476 | $38,916 | $51,630 |
| 2011 | $30,425 | $38,835 | $52,449 |
| 2010 | $30,622 | $39,430 | $51,582 |
| 2009 | $31,545 | $40,927 | $52,229 |
| 2007 | $32,987 | $41,818 | $58,892 |
| 2005 | $32,854 | $41,300 | $58,135 |
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