Home / Select Cities  /  2024 Comparing Somerset, NJ vs. Milford, CT

2024 Compare Cities Economy:
Somerset, NJ vs Milford, CT

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Highlights
- Household income in Milford, is 4% less than it is in Somerset and is 29% above the National Average.
- Somerset unemployment rate is 6.3%.
- Milford unemployment rate is 8.0%.

Economy
 Somerset, NJMilford, CTUnited States
 Unemployment Rate6.3%8.0%6.0%
 Recent Job Growth-0.7%-0.3%1.6%
 Future Job Growth23.7%29.4%33.5%
 Sales Taxes6.6%6.4%6.2%
 Income Taxes5.5%5.0%4.6%
 Income per Cap.$48,901$54,069$37,638
 Household Income$101,627$97,785$69,021
 Family Median Income$125,098$124,765$85,028
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 Est. Households By Income
 Somerset, NJMilford, CTUnited States
 Income Less Than 15K5.6%5.1%9.4%
 Income between 15K and 20K2.9%1.9%3.8%
 Income between 20K and 30K1.9%5.8%8.1%
 Income between 30K and 40K4.5%5.6%8.0%
 Income between 40K and 50K4.6%4.9%7.6%
 Income between 50K and 60K5.6%5.8%7.2%
 Income between 60K and 75K9.4%7.9%9.6%
 Income between 75K and 100K15.0%13.8%12.8%
 Income between 100K and 150K22.0%20.3%16.3%
 Income between 150K and 200K15.8%11.7%7.8%
 Income greater than 200K12.8%17.2%9.5%
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 Population By Occupation
 Somerset, NJMilford, CTUnited States
 Management, business, finance22.5%21.2%16.4%
 Engineering, computers, science13.4%7.2%6.5%
 Community, social services1.5%1.8%1.8%
 Legal1.3%2.1%1.2%
 Education, library6.3%8.3%6.2%
 Arts, design, media, sports, entertainment3.6%1.6%2.0%
 Healthcare practitioners and technology6.7%9.4%6.2%
 Healthcare support2.1%2.9%3.3%
 Firefighters, law enforcement2.7%2.1%2.1%
 Food preparation, serving5.1%3.7%5.4%
 Building maintenance1.4%1.6%3.6%
 Personal care2.2%3.6%2.6%
 Sales, office, administrative support17.2%21.3%20.9%
 Farming, fishing, forestry0.0%0.6%0.6%
 Construction, extraction, maintenance/repair4.6%5.6%8.1%
 Production, transportation, material moving9.3%7.0%13.1%

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Reviews for Somerset    7 Reviews

Over 10 years ago

I am moving to Somerset. I have heard that Cost of living to too high in somerset. I am getting a pay Of $72,800.00 per year. Can I survive with this pay. I am moving  More

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Over 12 years ago

best plce for 55+  More

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Over 17 years ago

Very nice place to live. Very  More

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Reviews for Milford    0 Reviews

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