Somerset vs Newark
| Somerset | Newark | |
|---|---|---|
| Population | 24,246 | 307,355 |
| Median Household Income | $121,028 | $52,060 |
| Median Home Value | $438,800 | $373,700 |
| Median Gross Rent | $2,121/mo | $1,392/mo |
| Homeownership Rate | 72.9% | 24.4% |
| Unemployment Rate | 3.7% | 11.6% |
| Bachelor's Degree or Higher | 62.0% | 19.7% |
| Median Age | 41.3 | 34.7 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.