Somerville, New Jersey 

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Economy in Somerville, New Jersey

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 $72,527 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYSomerville, New JerseyUnited States
  6.3%6.0%
  -7.3%-6.2%
  23.7%33.5%
  6.6%6.2%
  5.5%4.6%
  $34,632$31,177
  $72,731$57,652
  $86,283$70,850
  POPULATION BY OCCUPATION
  0.0%1.3%
  0.0%0.6%
  7.5%6.2%
  9.8%10.4%
  4.7%2.7%
  9.7%11.6%
  3.6%4.1%
  0.3%0.9%
  3.1%2.1%
  2.0%4.7%
  0.9%1.9%
  11.0%6.7%
  0.2%0.1%
  7.0%4.3%
  6.0%9.3%
  14.1%13.8%
  2.6%2.2%
  7.4%7.4%
  7.2%4.9%
  3.0%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 6%)
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    Reviews for Somerville    3 Reviews
    Bedminster, NJ Really - 9/15/2006
    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... Read More

    Start Your Review of Somerville


    Fantastic place to live and raise a family! - 6/21/2006
    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... Read More

    Cost of Living - 5/9/2006
    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... Read More


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    MAPS OF SOMERVILLE, NEW JERSEY
    Check out the latest Maps in a variety of categories including cost of living, population, and commute time. You can also use our New Interactive Map to explore places.Somerville,New Jersey Map
    ZIP CODES IN SOMERVILLE, NEW JERSEY
    08876


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