Somerset, New Jersey is a small city with a population of just under 25,000. The city's population, at an average age of just over 40, ranks around the middle compared to other cities in New Jersey, which has an average age of 39. Only 24% of residents rent in Somerset, as most own their homes. The average rent for Somerset is $305 per month more than the state average.
Compared to the national average (7%), Somerset has a high concentration of residents older than 25 with advanced degrees, as 13% have earned a Master's or a Doctoral degree. Additionally, 20% possess a Bachelor's degree, which also outpaces the national average. Somerset residents have a wide range of industries from which to choose, the most common five of which are healthcare, retail, scientific, manufacturing, and finance. Together, these industries make up 33% of the city's labor force. Meanwhile, looking at job function, many of the city's residents work in sales, which ranks as the top profession in the city. With an average annual income of just over $107,000, Somerset workers bring in more than their peers elsewhere in the state. Somerset's average income also compares favorably to the national average of $73,345.
Somerset residents have an average commute of about 36 minutes, slower than the state average of about 34 minutes. Many residents (44%) commute to work by car, while public transit is used by only 5% of the city. Walking isn't a common method of commuting to work.