Market Population Trends

Employment Type

Age Grouping

Ethnicity Mix 2018

Fertility Rate

145 estimated births

Household Characteristics

Median Age over Time

Households with Children by Age

Median Household Income

Educational Attainment

Unemployment Rate

Type of Housing

Housing Values

Median mortgage payment for 2018: $2,285

Average Rent as Percentage of Gross Income

Median rent for 2018: $1,643

Average Commute

Primary Transportation

Gender Mix

Field of Employment

Estimated Consumer Expenditures

Category
Estimated Annual Spend (in 000's)
Food $86,237
--Home Prepared Food $48,594
--Restaurant/Takeaway Food $37,643
Alcoholic Beverages $6,331
Housing $218,586
--Rent/Mortgage/Upkeep/Taxes $127,815
--Utilities $44,059
--Operations $16,597
--Supplies $8,127
--Furnishings $22,073
Apparel $20,276
--Men & Boys $4,534
--Women & Girls $8,213
--Children < 2 $86
--Footwear $4,278
Transportation $106,171
--New Vehicles $19,848
--Used Vehicles $22,671
--Fuel $22,928
--Insurance $10,608
--Public Transit $8,897
Healthcare $54,069
Entertainment $35,076
--Pets $7,186
--Toys $1,711
Personal Care Products $8,384
Books & Literature $1,198
Education $15,314
Tobacco Products $3,764
Miscellaneous $10,780
Retirement $20,533
Non-health Insurance $79,393
Total Expenditures $666,111

Selected Population Data

Period Geography Population
2014 Somerset CDP, New Jersey 24,375
2015 Somerset CDP, New Jersey 24,409
2016 Somerset CDP, New Jersey 23,989
2017 Somerset CDP, New Jersey 24,779
2018 Somerset CDP, New Jersey 24,527