Somerset vs Paterson
| Somerset | Paterson | |
|---|---|---|
| Population | 24,246 | 157,864 |
| Median Household Income | $121,028 | $55,997 |
| Median Home Value | $438,800 | $360,100 |
| Median Gross Rent | $2,121/mo | $1,548/mo |
| Homeownership Rate | 72.9% | 26.9% |
| Unemployment Rate | 3.7% | 10.7% |
| Bachelor's Degree or Higher | 62.0% | 11.8% |
| Median Age | 41.3 | 33.3 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.