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New York-Newark-Jersey City, NY-NJ

Cost of living in Somerset County, NJ

Part of the New York Metro Area

Estimated monthly cost
$4,333/mo
for a single person, all categories combined

Population 346,203 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $1,731 40%
Federal tax $1,036 24%
Healthcare $480 11%
Groceries $392 9%
Transport $250 6%
State tax $195 5%
Energy $194 4%
Water $55 1%

Rent in Somerset County

Fair Market Rents by bedroom count.

Studio
$1,540
per month
1 bedroom
$1,731
per month
2 bedroom
$2,176
per month
3 bedroom
$2,622
per month
4 bedroom
$2,885
per month

Source: HUD FMR FY2025

Income and earnings in Somerset County

Annual earnings figures from the Census ACS.

Household income
$135,960
per year
Individual earnings
$69,442
per year
Per capita
$70,321
per year

Source: ACS 2019-2023 5-Year.

Home values in Somerset County

Average values reported by homeowners.

Average home value
$523,900
Annual property tax
$10,001

Source: ACS 2019-2023 5-Year

Energy costs in Somerset County

Estimated monthly electricity and gas costs.

Electricity
$132
per month · 19.4¢/kWh
Natural gas
$62
per month
Annual total
$2,328
per year

Source: EIA

Healthcare in Somerset County

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
5.7%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Somerset County

State and local tax rates for New Jersey.

State income tax
10.8%
Top marginal rate
State sales tax
6.6%
Combined sales tax
6.6%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Somerset County

Commute patterns and estimated costs.

Average commute
31.5 min
Drive alone
65.6%
Public transit
3.7%
Work from home
20.5%

Source: ACS

Monthly cost estimates for Somerset County

What it costs to live in Somerset County each month.

Single person
$4,333
per month
  • Rent $1,731
  • Energy $194
  • Water $55
  • Groceries $392
  • Transport $250
  • Healthcare $480
  • Federal tax $1,036
  • State tax $195
Couple
$6,883
per month
  • Rent $2,176
  • Energy $233
  • Water $65
  • Groceries $650
  • Transport $350
  • Healthcare $864
  • Federal tax $2,000
  • State tax $545
Family
$9,519
per month
  • Rent $2,622
  • Energy $291
  • Water $75
  • Groceries $986
  • Transport $450
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $2,000
  • State tax $545

Frequently asked questions about Somerset County

Common questions about cost of living, rent and salary.

What is the average rent in Somerset County?

In Somerset County, NJ, a one-bedroom apartment averages $1,731 per month, a two-bedroom averages $2,176 per month, a three-bedroom averages $2,622 per month, according to HUD Fair Market Rent data.

What is the average salary in Somerset County?

In Somerset County, NJ, the average household income is $135,960 per year and individual earnings for full-time workers average $69,442 per year, according to U.S. Census Bureau data.

What is the cost of living in Somerset County?

The estimated cost of living in Somerset County, NJ is approximately $4,333 per month for a single person, $6,883 for a couple, $9,519 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Somerset County?

The combined sales tax rate in Somerset County, NJ is 6.63%, which includes the New Jersey state rate of 6.63% plus an average local rate of 0.00%.

Is Somerset County an affordable place to live?

Based on the data, a single person in Somerset County, NJ would need approximately $4,333 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $135,960 per year ($11,330 per month). Somerset County is relatively affordable compared to the national average.

How much does healthcare cost in Somerset County?

The ACA marketplace benchmark premium in Somerset County, NJ is approximately $480 per month for an individual. Approximately 5.7% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Somerset County?

The average home value in Somerset County, NJ is $523,900, with average annual property taxes of $10,001, according to U.S. Census Bureau data.

How does Somerset County compare to other areas?

You can compare Somerset County, NJ with any other US county using our comparison tool at /compare. Somerset County is in the New York-Newark-Jersey City, NY-NJ metro area.

Other counties in New Jersey

Browse the full list of counties in New Jersey, ranked by cost of living.

See all counties in New Jersey

Compare Somerset County with another area

Put two counties side by side to see how rent, taxes and everyday costs stack up.

About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources