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Cost of Living in Somerset, NJ

136.4
Expensive · National average is 100

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$110,859
Median Income
$1,962/mo
Median Rent
$381,500
Median Home
24,246
Population

Cost Breakdown

🏠Housing
152.1
0Nat'l Avg (100)200
🛒Groceries
141
0Nat'l Avg (100)200
🚗Transportation
134.6
0Nat'l Avg (100)200
🏥Healthcare
135.2
0Nat'l Avg (100)200
Utilities
126.7
0Nat'l Avg (100)200

Fair Market Rents (HUD)

Some values estimated
Studio1 BR2 BR3 BR4 BR
$1,530
est.
$1,727
est.
$1,962$2,511
est.
$2,865
est.

Est. values are derived from the census median rent using national HUD bedroom ratios. Actual HUD Fair Market Rents may differ.

Nearby Cities

Compare Somerset with cities in the area