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15 Luxury Apartments Near Me in Somerset, NJ
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Cost of Living
27% Rent
vs
73% Own
Renter's Cost vs. Income
Last Updated October 2023
Average Monthly Rent (Census)
Last Updated October 2023
The breakdown of people who rent in Somerset, NJ is 27% renters and 73% owners. The monthly average cost of rent in Somerset is $1,846 per month and the yearly average income is $118,413 per year. This compares to an average rent of $1,451 in NJ and $1,003 in the US. This data was last updated in October 2023
Travel and Transport
Commuting to Work
Last Updated October 2023
Residents of Somerset, NJ spend an average of 32.2 minutes commuting to work. 27% have short commutes under 20 minutes, 57% travel between 20 and 60 minutes, and 16% face longer journeys exceeding an hour, reflecting varying levels of accessibility and distance.
In Somerset, NJ, 8% of residents rely on public transportation, 2% commute on foot, 0% use bicycles, and 91% opt for other modes such as cars and ride-sharing.
FAQs
What is the average price for a 1 Bedroom + 1 Bathroom in Somerset?
The average price is $2,094.31.
What is the average price for a Studio + 1 Bathroom in Somerset?
The average price is $2,045.00.
What is the average price for a 2 Bedrooms + 2 Bathrooms in Somerset?
The average price is $3,208.13.
What is the average monthly rent for Somerset?
Based on 2023 city data, the average monthly rent is $1,846.00.
What is the average commute time?
Based on 2017 city data, the average commute is 32.2 mins.