Somerville, NJ Economy


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Somerville, NJ is a small town located in Somerset County. It is home to a variety of local companies such as Hills Printing and Publishing, Anderson Plastics, and A-1 Construction. There are plenty of activities for those who live in Somerville or for visitors alike. You can explore the historic downtown area with its delicious restaurants, shops, and art galleries; take in the local music scene; visit the parks and trails around town; or enjoy some of the best outdoor recreation activities like swimming at Duke Island Park. From festivals to events to recreational sports teams and more, there’s something for everyone in this charming town.

Somerville has an unemployment rate of 6.3%. The US average is 6.0%.

Somerville has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.

Tax Rates for Somerville
- The Sales Tax Rate for Somerville is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Somerville is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Somerville
- The average income of a Somerville resident is $33,169 a year. The US average is $28,555 a year.
- The Median household income of a Somerville resident is $92,995 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySomerville, New JerseyUnited States
  6.36
  -7.3%-6.2%
  23.7%33.5%
  6.6%6.2%
  5.5%4.6%
  $45,373$37,638
  $92,995$69,021
  $102,829$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  4.9%6.8%
  9.5%10.0%
  4.2%2.5%
  13.2%11.0%
  3.1%4.8%
  0.0%0.8%
  1.8%1.9%
  5.1%4.7%
  0.3%1.9%
  10.9%7.6%
  0.3%0.1%
  5.0%4.2%
  11.9%9.3%
  14.1%14.0%
  1.8%2.1%
  6.6%7.0%
  5.3%4.8%
  2.1%4.7%
Reviews for Somerville
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Over 18 years ago

Nice community with the shore an hour away as well as NYC. Good schools. Noted for equestrian events. Jackie O lived not to far from here. Prices of homes have gone  More

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I love living in Somerville, which offers the charm of a small town and all of the conveniences of a larger city. Its charming Victorial architecture and a lively Main  More

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Over 18 years ago

The cost of living in Somerville is out of control. Sadly, you don't get much in return for the extremely high taxes you pay. There's an accident waiting to happen on  More

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