Somerville, NJ (zip code 08876) is a suburban town located in Somerset County. It has a population of 12,541 people and is home to many local companies such as HNTB Corporation, The Kislak Company Inc., and Somerville Tire & Auto Center. The average 2 bedroom rent in Somerville is $1,840 while the US average 2 bedroom rent is listed at $1,430. Furthermore, the grocery cost index in Somerville is 106 versus the US value of 100. All these factors make Somerville a great option for those looking for affordable living near NYC without sacrificing on quality amenities and services.
Somerville (zip 08876) has an unemployment rate of 6.3%. The US average is 6.0%.
Somerville (zip 08876) 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 (zip 08876)
- The Sales Tax Rate for Somerville (zip 08876) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Somerville (zip 08876) 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 (zip 08876)
- The average income of a Somerville (zip 08876) resident is $41,979 a year. The US average is $28,555 a year.
- The Median household income of a Somerville (zip 08876) resident is $108,769 a year. The US average is $69,021 a year.