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Somerset, Kentucky

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
12,216
Population
$34,704
Median Income
$144,000
Home Value
39.8
Median Age

Demographics

Somerset has a population of 12,216 with a median age of 39.8. Here is the racial and ethnic breakdown of the population:

White
89.1%
Hispanic
5.9%
Black
3.3%
Other
1.5%
Demographic Value
Total Population12,216
Median Age39.8
White89.1%
Black or African American3.3%
Asian0.2%
Hispanic or Latino5.9%
Other / Two or More Races1.5%
Somerset, Kentucky — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 89.1%Hispanic/Latino: 5.9%Black: 3.3%Other: 1.7%12,216PopulationWhiteWhite89.1%Hispanic/LatinoHispanic/Latino5.9%BlackBlack3.3%OtherOther1.7%

Income & Economy

The median household income in Somerset is $34,704, which is 56.9% below the national median of $80,610. The per capita income is $26,476. The poverty rate is 27.2%.

$34,704
Median Household Income
$26,476
Per Capita Income
27.2%
Poverty Rate

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Education

In Somerset, 84.5% of residents age 25+ have a high school diploma or higher, and 19.9% hold a bachelor's degree or higher (9.6% with a graduate or professional degree).

HS Diploma+
84.5%
Bachelor's+
19.9%
Graduate+
9.6%
Education Level % of Adults (25+)
High School Diploma or Higher84.5%
Bachelor's Degree or Higher19.9%
Graduate or Professional Degree9.6%

Housing

The median home value in Somerset is $144,000, below the national median of $303,400. The median monthly rent is $775. The homeownership rate is 48.9%.

$144,000
Median Home Value
$775/mo
Median Rent
48.9%
Homeownership Rate
Housing Metric Value
Median Home Value$144,000
Median Monthly Rent$775
Homeownership Rate48.9%
Vacancy Rate10.1%

Salaries in Kentucky

Explore salary data for popular occupations in Kentucky:

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Other Cities in Kentucky

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Frequently Asked Questions

What is the population of Somerset, Kentucky?
The population of Somerset, Kentucky is 12,216 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Somerset, Kentucky?
The median household income in Somerset, Kentucky is $34,704. This is 56.9% below the national median of $80,610.
What is the median home value in Somerset, Kentucky?
The median home value in Somerset, Kentucky is $144,000. The median monthly rent is $775.
What percentage of people in Somerset have a college degree?
In Somerset, Kentucky, 19.9% of adults age 25 and older hold a bachelor's degree or higher, and 84.5% have a high school diploma or higher.
Is Somerset, Kentucky an affordable place to live?
The home price-to-income ratio in Somerset, Kentucky is 4.1x (median home value $144,000 vs. median income $34,704), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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