Special Interest
Housing in Somerset County
Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.
Rent in Somerset County averages $2,033/month for a 2‑bedroom in 2024, compared to the New Jersey median of $1,720 and the national median of $1,413. Local renters spend approximately 30% of household income on rent, below the national average of 32%.
HUD 2026 50th Percentile Rent Estimates for Somerset County FMR Area are $1,943 for a studio, $2,130 for 1‑bedroom, $2,677 for 2‑bedroom, $3,210 for 3‑bedroom, and $3,549 for 4‑bedroom.
HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $644 increase for a 2-bedroom in Somerset County shows a 32% rise over that period.
The U.S. Bureau of Labor Statistics annual unemployment rate for Somerset County was 3.8% in 2024, compared to New Jersey at 4.5% and the national rate of 4.0%.
