County profile
Somerset County, NJ
United States · GDP 2024
#108 of 3,127 US counties by GDP61st-percentile growthmore diversified than 99% of counties
EA Place Score
——methodology in progress
GDP 2024 (USD)
$54.5B
BEA · 2024
GDP growth (YoY)
+5.3%
BEA · 2024
Jobs tracked
188,127
Census CBP · 2023
Employers
9,831
Census CBP · 2023
Avg. wage
$102.2k
BLS QCEW · 2023
Population
356,486
Census PEP · 2025
Labor, income & education
Unemployment
3.9%
Median HH income
$140.4k±$3.3k
Bachelor's degree+
57.8%±1.2%
Poverty rate
5.4%±0.6%
Business applications
8,769 · 2025
Retail establishments
1,006
28.3/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
1Freshpet, Inc.Consumer Defensive$1.1B76B+2Peapack-Gladstone Financial CorporationFinancial Services$283.0M61C3CareCloud, Inc.Healthcare$120.5M73B4MCAP Inc.Technology$104.7M61C5Matinas BioPharma Holdings, Inc.Healthcare$1.1M32D6Authentic Holdings, Inc.Communication Services$398.6k——7Lisata Therapeutics, Inc.Healthcare$170.0k39D8VioQuest Pharmaceuticals, Inc.Healthcare$0——9Verde Clean Fuels, Inc.Utilities———10Legend Biotech CorporationHealthcare———11GPGI, Inc.Industrials———12SR Bancorp, Inc. Common stockFinancial Services———HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).
Industry mix · employment
Professional services25%
Health care20%
Retail trade15%
Wholesale trade15%
Manufacturing13%
Information11%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
356,486
residents · 2025 · +3.5% since 2020
Income per capita $121.0k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration−2,882
International migration+11,628
Natural change+3,111
GDP trend
2019–2024 · nominal
$41.9B2019
$41.7B2020
$44.7B2021
$49.2B2022
$51.8B2023
$54.5B2024
Real estate & risk
FHFA · ACS · FEMA
Median home value
$552.1k±$7.4k
Median gross rent
$2.0k/mo±$52/mo
Vacancy rate
2.1%±0.3%
Affordability
5.4× wages
Residential permits
$129.6M
763 units · 2.1/1k pop
FEMA risk score
90.9
HUD Fair Market Rent (2BR):$2.5k/mo · 2026
TOP PERILS · FEMA NRI
Winter weather 94Strong wind 94Ice storm 91
FHFA HOUSE PRICE INDEX · 2016–2025
7402016
7492017
7712018
7832019
7982020
8632021
9792022
10712023
11752024
12492025
RESIDENTIAL PERMITS · 2021–2025
↓ -39% since 20211,2612021
9072022
5772023
6352024
7632025
Transport access
BTS · FAA · USACE
Nearest interstate
2.3 km
I-287
Nearest freight rail
0.3 km
NJT
Nearest port
24.1 km
GPU GENERATION CO SAYREVILLE GEN STA WHARF
Nearest commercial airport
36.1 km
TRENTON MERCER
Filing activity
SEC EDGAR15 filings from 7 companies here in the last 90 days.
Wage trend
BLS QCEW · 2019–2023$102.2k
avg. annual pay · +14% since 2019
Similar US counties
nearest by GDPNearby & same-state counties
by GDP rankThe read
What is the GDP of Somerset?
Somerset's economy produced $54.5B in 2024, growing 5.3% year over year — faster than most US counties. Its largest employment sector is professional services.
GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.