Census ACS · ZIP Code Tabulation Area

08502 Income Statistics for 2026

Somerset County, New Jersey

Median household income

$227,242

Median household income ($227,242) is higher than Somerset County County ($156,492).

08502$227,242
Somerset County County$156,492
07934$245,429
07924$236,042
07931$201,078
08558$236,016
07059$212,479

Average household income

$255,923

Average household income ($255,923) is higher than Somerset County County ($199,321).

08502$255,923
Somerset County County$199,321
07934$346,457
07924$330,463
07931$328,980
08558$306,844
07059$304,191

Per-capita income

$87,447

Per-capita income ($87,447) is higher than Somerset County County ($74,866).

08502$87,447
Somerset County County$74,866
07934$139,507
07924$112,114
07931$132,464
08558$112,991
07059$103,266

Households earning $100k+

79.7%

Households earning $100k+ (79.7%) is higher than Somerset County County (68.0%).

0850279.7%
Somerset County County68.0%
0793487.5%
0792482.1%
0793172.7%
0855880.3%
0705980.4%

All demographics

Population
11,849
Households
3,983
Median age
41.6 yrs
Median household income
$227,242
Mean household income
$255,923
Per capita income
$87,447
Median home value
$816,700
Median gross rent
$2,298
Owner-occupied housing
81.8%
Bachelor's degree or higher
77.7%
In labor force
72.7%
Poverty rate
3.1%
Households earning $100k+
79.7%
Population under 5
5.0%
Population age 18–34
15.0%
Population age 25–44
23.5%
Population age 45–64
32.3%
Population age 65+
10.6%
Hispanic or Latino
4.0%
Black (non-Hispanic)
2.4%
Asian (non-Hispanic)
49.5%
Unemployment rate
4.5%

County and peer ZIP comparisons use population-weighted aggregates from other ZCTAs in the same county. Source: US Census Bureau ACS 5-year estimates. Page URL: https://resource.skyrocketbpo.com/tools/market-research/us-income-demographics-by-zip-code/new-jersey/08502

Link to this page

Permanent URL backed by Census ACS data in PocketBase.

Context & methodology

About ZIP 08502 income statistics ($227,242 median)

ZIP Code Tabulation Area 08502 in New Jersey is defined by the U.S. Census Bureau for statistical reporting. It closely matches USPS ZIP code 08502 but may differ slightly at edges — use these ACS figures as demographic benchmarks, not exact postal boundaries.

An estimated 11,849 people live in this ZCTA. Median household income here ($227,242) is higher than Somerset County County ($156,492). Operators sizing a local market often pair median income with mean income ($255,923) and the share of households earning $100k+ to gauge both typical and upscale demand.

The neighboring ZIP comparison table above lists adjacent ZCTAs with their own ACS estimates. Large gaps between adjacent ZIP codes are common — a few miles can separate very different income profiles, which matters for retail trade areas, service radius, and competitive positioning.

Small-area ACS estimates carry wider margins of error than state or county totals. The Census Bureau publishes guidance on interpreting confidence intervals (linked below). When a figure is critical to your analysis, download the underlying table from data.census.gov and review the margin of error column before citing it in a business plan or press release.

Data vintage: Census ACS 2024 5-year estimates (published 2026). Tables: B19013 (median HH income), B19001 (distribution), B19049 (income by age of householder).

Authoritative sources & further reading

Primary government data and reference pages for verifying and extending this analysis.

Related market research tools

Combine ZIP-level income with these free Resource tools for fuller market pictures.

All ZIP codes·New Jersey·ZIP codes in Somerset County