Last updated: 2024 BLS data · Page refreshed:
Somerset has a population of 3,208 with a median age of 27.9. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 3,208 |
| Median Age | 27.9 |
| White | 93.1% |
| Asian | 1.9% |
| Hispanic or Latino | 4.7% |
The median household income in Somerset is $80,395, which is 0.3% below the national median of $80,610. The per capita income is $36,565. The poverty rate is 14.8%.
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In Somerset, 98.7% of residents age 25+ have a high school diploma or higher, and 21.4% hold a bachelor's degree or higher (4.7% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 98.7% |
| Bachelor's Degree or Higher | 21.4% |
| Graduate or Professional Degree | 4.7% |
The median home value in Somerset is $286,600, below the national median of $303,400. The median monthly rent is $1,191. The homeownership rate is 56.6%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $286,600 |
| Median Monthly Rent | $1,191 |
| Homeownership Rate | 56.6% |
| Vacancy Rate | 9.0% |
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