Richest Towns in Somerset County, NJ

10 Richest Towns in Somerset County, NJ (2023)

When it comes to wealth in New Jersey, the affluent towns in North Jersey and the posh Jersey Shore towns often steal the spotlight. Meanwhile, Somerset County, located in the heart of Central New Jersey, tends to fly under the radar when it comes to lists of New Jersey’s richest places. However, Somerset County is the richest county in Central Jersey. In this article, we’ll explore the richest towns in Somerset County.

Richest Towns in Somerset County, NJ

1. Harlingen, NJ 

Harlingen is the richest town in Somerset County with a a mean income of $363,159 and a median home price of $952,000.

Harlingen is a small neighborhood in Montgomery Township with a population of only 430 residents.

It is known for its historic architecture and charming downtown area. 

Approximately 19.6% of the population is made up of children under 18 years old, while 6.7% are seniors.

Median Home Price$952,000
Mean Income$363,159
Suburban home mansion

2. Lyons, NJ 

Lyons comes in as a close second as the wealthiest town in Somerset County with a mean income of $319,623 and a median home price of $922,708.

Lyons is an affluent village in Bernards Township, with beautiful homes and well-maintained neighborhoods. 

Lyons has a population of 5,345 residents, with 24.8% of them being children under 18 years old, and 18.6% being seniors.

It’s home to the beautiful, Tudor-style Lyons Station which is now listed on the National Register of Historic Places. 

Median Home Price$922,708
Mean Income$319,623
Suburban Home New England

3. Far Hills, NJ 

Far Hills is a wealthy town in Somerset County with a mean income of $214,227. It’s the most expensive place to buy a house in Somerset County with a median home price of 1,478,910.

Far Hills is an affluent borough in Somerset Hills known for its beautiful homes and estates, as well as its equestrian culture. 

The town is home to the Far Hills Race Meeting, which is one of the most prestigious steeplechase horse races in the country.

The town has a population of 924 residents, with 16% being children under 18 years old and 25% being seniors.

Median Home Price$1,478,910
Mean Income$214,227
Suburban Home mansion

4. Liberty Corner, NJ 

Liberty Corner is one of the richest towns in Somerset County with a mean income of $297,976 and a median home price of $866,799.

Liberty Corner is a small, affluent community in Bernards Township with a population of 1,877 with 20.3% of the residents being children under 18 years old, and a significant 26.6% of residents are seniors.

Liberty Corner is known for its historic district, which features many well-preserved homes and buildings from the 18th and 19th centuries.

Median Home Price$866,799
Mean Income$297,976
Suburban home

5. Bernardsville, NJ 

Bernardsville is one of the richest towns in Somerset County with a mean income of $289,223 and home price of $852,615.

Bernardsville is a wealthy Somerset County suburb with a population of 7,893 residents, with 26.6% of them being children under 18 years old and 15.6% being seniors.

Bernardsville is known for its beautiful homes and estates, as well as its upscale shopping and dining options. The town is also home to the historic Bernardsville Cinema, one of the last remaining old-fashioned cinemas in New Jersey.

Median Home Price$852,615
Mean Income$289,223
white kitchen in Suburban Home

6. Blawenburg, NJ 

Blawenburg is an upscale town in Somerset County with a median home price of $916,325 and a mean income of $270,363. 

Blawenburg is a small, affluent village located in Montgomery Township with a population of only 287 residents, with 7.6% being children under 18 years old.

It’s known for its historic district, which includes the historic Blawenburg Reformed Church, which is still an active congregation today.

Median Home Price$916,325
Mean Income$270,363
Suburban Home

7. Basking Ridge, NJ 

Basking Ridge is one of the richest towns in Somerset County with a mean income of $237,008 and a median home price of $939,131.

Basking Ridge is an affluent community in Bernards Township with a small population of 7,196 residents, with 25.8% of them being children under 18 years old and 17.9% being seniors.

Basking Ridge is known for its beautiful homes and estates, as well as its excellent schools. 

Basking Ridge is home to the best schools in Somerset County, Niche.com ranks Bernards Township School District as the #1 Best School District in Somerset County.

Median Home Price$939,131
Mean Income$237,008
Suburban Home

8. Bedminster, NJ 

Bedminster is one of the richest Somerset County towns with a mean income of $233,315. It’s one of the most expensive places to buy a house in Somerset County with a median home price of $1,042,217.

Bedminster is an affluent community with a population of 1,244 residents, in which 22.3% of the residents are children under 18 years old and 22.0% are seniors.

Bedminster is an upscale residential community. The town is also home to the Trump National Golf Club, which has hosted many major golf tournaments over the years.

Median Home Price$1,042,217
Mean Income$233,315
Golf Country Club

9. Pleasant Plains, NJ 

Pleasant Plains is an affluent neighborhood in Somerset County with a median home price of $937,800, with a mean income of $226,461.

Pleasant Plains is a small wealthy community located in Franklin Township with a population of 792 residents, of which 26.2% of residents are children under 18 years old and 23.8% are seniors.

Median Home Price$937,800
Mean Income$226,461

10. Watchung, NJ 

Watchung is one of the richest towns in Somerset County with a median home price of $872,327 and a mean income of $188,945. 

It’s an affluent borough with a population of 6,449 residents, with 21.2% of residents being children under 18 years old and 26.1% of residents being seniors.

Watchung is home to the Watchung Reservation, a 2000+ acre park with a variety of recreational amenities including trails, a nature center and a playground.

Median Home Price$872,327
Mean Income$188,945

Wealthiest Towns in Somerset County: Methodology

In order to come up with our list of the richest towns in Somerset County, the rankings are based on both income and home prices. We took data from the US Census American Community Survey and residential housing market data. The median sales price is the average residential sales data for 12 month period ending July 2023.

Note: We realize we are using the term “town” loosely in this article since some of these towns are actually villages, boroughs, cities, Census Designated Places or hamlets. 

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