Camden, NJ vs Somerset, NJ

The cost of living difference between Camden, NJ and Somerset, NJ is dramatic. Camden is 41.4% cheaper than Somerset, a gap that translates to thousands of dollars per year in household expenses. Camden has a cost index of 79 while Somerset sits at 135, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Camden is $1,157/month compared to $2,050/month in Somerset — a 44% difference. Home values follow the same pattern: Camden is more affordable at $100,400 median vs $408,600.

Median household income in Camden is $40,450 compared to $113,603 in Somerset (-64.4%). While Somerset is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Camden spend roughly 34.3% of their income on rent, more than the 21.7% in Somerset. The Somerset ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.