Last updated: 2024 BLS data · Page refreshed:
Somerset has a population of 1,088 with a median age of 51.2. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 1,088 |
| Median Age | 51.2 |
| White | 83.6% |
| Black or African American | 1.9% |
| Asian | 4.3% |
| Hispanic or Latino | 6.2% |
| Other / Two or More Races | 4.0% |
The median household income in Somerset is $250,001, which is 210.1% above the national median of $80,610. The per capita income is $168,114. The poverty rate is 1.9%.
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In Somerset, 100.0% of residents age 25+ have a high school diploma or higher, and 93.7% hold a bachelor's degree or higher (68.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 100.0% |
| Bachelor's Degree or Higher | 93.7% |
| Graduate or Professional Degree | 68.5% |
The median home value in Somerset is $1,775,000, above the national median of $303,400. The median monthly rent is $3,501. The homeownership rate is 87.8%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $1,775,000 |
| Median Monthly Rent | $3,501 |
| Homeownership Rate | 87.8% |
| Vacancy Rate | 6.4% |
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