Cost of Living in Somerset, NJ
Population: 23,851 | New Jersey
135
Cost of Living Index
US Average = 100
Somerset is 35% more expensive than the national average.
155
Housing
134
Home Values
113
Regional Price
Income
- Median Household Income
- $113,603
- vs US Median ($75,149)
- +51%
Housing
- Median Rent
- $2,050/mo
- Median Home Value
- $408,600
- Median Monthly Housing Cost
- $2,117/mo
Everyday Prices in Somerset
BLS Average Prices for the New York-Newark-Jersey City, NY-NJ (Metropolitan Statistical Area) area
⛽
$3.32
Gasoline (regular)
per gallon
+8% vs US
🥚
$2.71
Eggs (grade A, large)
per dozen
+8% vs US
🥛
$4.36
Milk (whole)
per gallon
+8% vs US
🍞
$2.00
Bread (white)
per lb
+8% vs US
🍗
$4.49
Chicken breast
per lb
+8% vs US
⚡
$0.24
Electricity
per kWh
+29% vs US