2025 Compare Cities Economy:
Cambridge, MA vs Somerset, NJ

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Highlights
- Household income in Somerset, is 10% less than it is in Cambridge and is 32% above the National Average.
- Cambridge unemployment rate is 3.7%.
- Somerset unemployment rate is 6.3%.
 Cambridge, MASomerset, NJUnited States
 Unemployment Rate  Unlock6.3%6.0%
 Recent Job Growth  Unlock-0.7%1.6%
 Future Job Growth42.4%  Unlock33.5%
 Sales Taxes6.3%  Unlock6.2%
 Income Taxes  Unlock5.5%4.6%
 Income per Cap.$65,494  Unlock$37,638
 Household Income  Unlock$101,627$69,021
 Family Median Income$147,492  Unlock$85,028
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 Est. Households By Income
 Cambridge, MASomerset, NJUnited States
 Income Less Than 15K  Unlock5.6%9.4%
 Income between 15K and 20K2.3%  Unlock3.8%
 Income between 20K and 30K  Unlock1.9%8.1%
 Income between 30K and 40K4.0%  Unlock8.0%
 Income between 40K and 50K  Unlock4.6%7.6%
 Income between 50K and 60K4.1%  Unlock7.2%
 Income between 60K and 75K  Unlock9.4%9.6%
 Income between 75K and 100K10.3%  Unlock12.8%
 Income between 100K and 150K  Unlock22.0%16.3%
 Income between 150K and 200K12.7%  Unlock7.8%
 Income greater than 200K  Unlock12.8%9.5%
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 Population By Occupation
 Cambridge, MASomerset, NJUnited States
 Management, business, finance22.3%  Unlock16.4%
 Engineering, computers, science  Unlock13.4%6.5%
 Community, social services1.8%  Unlock1.8%
 Legal  Unlock1.3%1.2%
 Education, library16.8%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock3.6%2.0%
 Healthcare practitioners and technology5.5%  Unlock6.2%
 Healthcare support  Unlock2.1%3.3%
 Firefighters, law enforcement0.6%  Unlock2.1%
 Food preparation, serving  Unlock5.1%5.4%
 Building maintenance0.9%  Unlock3.6%
 Personal care  Unlock2.2%2.6%
 Sales, office, administrative support10.5%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair1.5%  Unlock8.1%
 Production, transportation, material moving  Unlock9.3%13.1%
Reviews for Cambridge    14 Reviews

Over 10 years ago

Cambridge is a great place to live. It is rather expensive, but has great access to Boston, schools and hospitals. There is a lot of construction underway that can be  More

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Need info on test results on tap or drinking water quality, 02139 Green St area.  More

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Home to both Harvard and MIT, Cambridge is the cornerstone of higher education. Residents are very intelligent and open to new ideas.   More

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Reviews for Somerset    7 Reviews

Over 11 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 13 years ago

best plce for 55+  More

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Over 18 years ago

Very nice place to live. Very  More

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