Last updated: 2024 BLS data · Page refreshed:
Somerset has a population of 18,298 with a median age of 47.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 18,298 |
| Median Age | 47.0 |
| White | 90.9% |
| Black or African American | 0.6% |
| Asian | 2.3% |
| Hispanic or Latino | 2.4% |
| Other / Two or More Races | 3.8% |
The median household income in Somerset is $112,677, which is 39.8% above the national median of $80,610. The per capita income is $54,376. The poverty rate is 4.9%.
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In Somerset, 92.3% of residents age 25+ have a high school diploma or higher, and 37.6% hold a bachelor's degree or higher (15.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 92.3% |
| Bachelor's Degree or Higher | 37.6% |
| Graduate or Professional Degree | 15.5% |
The median home value in Somerset is $418,800, above the national median of $303,400. The median monthly rent is $1,271. The homeownership rate is 86.9%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $418,800 |
| Median Monthly Rent | $1,271 |
| Homeownership Rate | 86.9% |
| Vacancy Rate | 3.1% |
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