There are 20 retirement homes near Somerset, New Jersey. The average daily cost of retirment home living in New Jersey is around $100, with costs running between $37 and $171 daily. On a monthly basis, this equates to a mean expense of $2,986, with costs ranging from around $1,104 to $5,115. The average yearly cost is $35,838, which is over the nationwide average of $23,100.
Retirement home care costs in Somerset generally range from $1,804 per month up to $5,528 per month, with an average cost of around $3,823 per month. That equates to an annual cost of around $45,870.
Somerset is a small city in Somerset County within the State of New Jersey. It is part of the New York-Northern New Jersey-Long Island metro area. While the city itself contains 49,921 inhabitants, the encompassing metropolitan area contains a total population of 5,372,907. Those over 55 make up around 27% of the community.
Somerset has a good SeniorScore™ of 75. The city's mean household income is $89,000 ($39,000 on a per capita basis), versus an average of $84,000 for the entire state of New Jersey. The mean home price in Somerset is $249,000, which is significantly less than the New Jersey average of $547,500. The city has an average unemployment rate of around 7.96%.
Somerset has tolerable average temperatures, with tolerable winters and calm summers. The area gets heavy levels of rainfall annually. Compared to similarly-sized cities, Somerset has poor air quality and average water quality ratings.