2025 Compare Cities Economy:
New Providence, NJ vs Somerset, NJ

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Highlights
- Household income in Somerset, is 35% less than it is in New Providence and is 32% above the National Average.
- New Providence unemployment rate is 8.0%.
- Somerset unemployment rate is 6.3%.
 New Providence, NJSomerset, NJUnited States
 Unemployment Rate  Unlock6.3%6.0%
 Recent Job Growth  Unlock-0.7%1.6%
 Future Job Growth22.3%  Unlock33.5%
 Sales Taxes6.6%  Unlock6.2%
 Income Taxes  Unlock5.5%4.6%
 Income per Cap.$73,225  Unlock$37,638
 Household Income  Unlock$101,627$69,021
 Family Median Income$179,838  Unlock$85,028
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 Est. Households By Income
 New Providence, NJSomerset, NJUnited States
 Income Less Than 15K  Unlock5.6%9.4%
 Income between 15K and 20K0.4%  Unlock3.8%
 Income between 20K and 30K  Unlock1.9%8.1%
 Income between 30K and 40K2.4%  Unlock8.0%
 Income between 40K and 50K  Unlock4.6%7.6%
 Income between 50K and 60K2.8%  Unlock7.2%
 Income between 60K and 75K  Unlock9.4%9.6%
 Income between 75K and 100K10.2%  Unlock12.8%
 Income between 100K and 150K  Unlock22.0%16.3%
 Income between 150K and 200K15.4%  Unlock7.8%
 Income greater than 200K  Unlock12.8%9.5%
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 Population By Occupation
 New Providence, NJSomerset, NJUnited States
 Management, business, finance29.0%  Unlock16.4%
 Engineering, computers, science  Unlock13.4%6.5%
 Community, social services1.1%  Unlock1.8%
 Legal  Unlock1.3%1.2%
 Education, library9.7%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock3.6%2.0%
 Healthcare practitioners and technology5.1%  Unlock6.2%
 Healthcare support  Unlock2.1%3.3%
 Firefighters, law enforcement0.7%  Unlock2.1%
 Food preparation, serving  Unlock5.1%5.4%
 Building maintenance1.3%  Unlock3.6%
 Personal care  Unlock2.2%2.6%
 Sales, office, administrative support19.1%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair2.6%  Unlock8.1%
 Production, transportation, material moving  Unlock9.3%13.1%
Reviews for New Providence    3 Reviews

Highest in the nation. Escape if you  More

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Over 16 years ago

New Providence, once an adorable, comfortable, quiet town is turning for the  More

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Over 17 years ago

We moved to New Providence last summer and it is one of the nicest places I have lived. Quiet, safe with great schools and great surrounding towns. It borders Chatham  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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