Cost of Living in Somerville
Somerville's cost of living runs genuinely above the national average, while running below New Jersey's own higher-cost Central Jersey suburbs -- a real, disclosed middle position this record does not flatten in either direction.
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Learn moreHousing costs above the national figure, below the state figure
Somerville's home values (Zillow's $435,069 typical value; Redfin's $496,000 median sale price) run genuinely above the national median, while running below New Jersey's own $584,681 statewide average.
A real, below-state-average household income
Somerville's median household income ($99,435, 2024) runs a real 4.9% below New Jersey's own statewide figure ($104,294) -- worth weighing directly against the borough's still-above-national housing costs.
A genuinely elevated property-tax burden
Somerville's effective property tax rate (2.581%) runs above both Somerset County's own 2.05% average and New Jersey's nation-leading 1.88% statewide average, producing an estimated $11,046 median annual tax bill on a median-assessed home.
New Jersey's uniform sales tax and graduated income tax
New Jersey's simple, uniform 6.625% sales tax and graduated statewide income tax (1.4%-10.75%) apply in Somerville with no local add-on -- see new-jersey.js for the full statewide structure.
Key takeaways
- Housing costs run above the national average but below New Jersey's own statewide average.
- Median household income runs a real 4.9% below the New Jersey statewide figure.
- Somerville's 2.581% effective property tax rate produces an estimated $11,046 median annual bill.
- New Jersey's uniform 6.625% sales tax applies with no Somerville-specific local add-on.
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