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CITY

Somerset

Indiana · 221 residents · 0.681 sq mi
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The short version

Somerset has roughly average household income, with a median household income of $86,161. Population has declined 8% since 2023. 8% of adults hold a bachelor's degree or higher, below the national rate of 36%. With a median age of 65.3, the population is older than the US median of 38.9.

At a glance
Average income
near the US median
US median: $82,259
Older
median age 65.3
US median: 38.9
Less educated
8% hold a bachelor's degree
US average: 36%
Owner-heavy
71% owner-occupied
US average: 65%
Section 01

Population & growth

221
−8%since 2023
from 241 in 2023
2010 – 2024
325 / sq mi
−8%since 2023
from 354 / sq mi in 2023
US average: 281
65.3
+15%since 2023
from 56.9 in 2023
US average: 38.9
Population, 20102024
186291397502607201020202024Somerset
2024221
201020202024
Section 02

Income & economy

$86,161
−20%inflation adjusted, since 2023
from $105,272 in 2023
US average: $82,259
2010 – 2024
$48,107
+5%since 2023
from $45,687 in 2023
US average: $44,673
Households earning $100K+
54.9%
−4.8 ptssince 2023
from 59.7% in 2023
US average: 53.3%
11.8%
+0.6 ptssince 2023
from 11.2% in 2023
US average: 12.5%
0.327
−1%since 2023
from 0.332 in 2023
US average: 0.476
Workforce by industry, 2024
Retail trade35.4%
US avg: 9.9%
Finance & insurance7.1%
US avg: 5.9%
Education & health services7.1%
US avg: 0.9%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Wholesale trade0%
US avg: 6.9%
Transportation & warehousing0%
US avg: 2.2%
Information0%
US avg: 10.8%
Professional, scientific, technical0%
US avg: 5.1%
Arts, entertainment, food0%
US avg: 1.9%
Other services0%
US avg: 6.7%
Public administration0%
US avg: 4.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

$110,000
US average: $376,019
2010 – 2024
$668
+8%inflation adjusted, since 2023
from $603 in 2023
US average: $1,442
70.7%
−6.8 ptssince 2023
from 77.5% in 2023
29.3% rent
10.7%
+0.3 ptssince 2023
from 10.4% in 2023
US average: 10.0%
17.0%
+5.0 ptssince 2023
from 12.0% in 2023
US average: 22.9%
64.1%
−35.9 ptssince 2023
from 100.0% in 2023
US average: 47.4%
1.3
2010 – 2024
RELATED:See current rent listings in Somerset on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic78.8%(190)
Black0%(0)
Hispanic / Latino17%(41)
Asian0%(0)
Other4.1%(10)
Diversity Score43.5%(105)
2024
White, non-Hispanic86.9%(192)
Black0%(0)
Hispanic / Latino8.1%(18)
Asian0%(0)
Other5%(11)
Diversity Score29.5%(65)
30
−32%since 2023
from 43 in 2023
2010 – 2024
Section 05

Education

7.6%
−10.7 ptssince 2023
from 18.3% in 2023
US average: 35.6%
High school or higher
81.0%
−4.3 ptssince 2023
from 85.4% in 2023
US average: 89.6%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 14.0%
Section 06

Commute & transportation

100.0%
Unchangedsince 2023
from 100.0% in 2023
US average: 68.9%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 8.5%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 3.2%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 15.0%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 2.4%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
6.8%
−4.1 ptssince 2023
from 10.9% in 2023
US average: 8.3%
Section 07

Work & employment

0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 5.2%
53.6%
−1.7 ptssince 2023
from 55.3% in 2023
US average: 63.5%
7.1%
−10.3 ptssince 2023
from 17.4% in 2023
US average: 13.1%
16.8%
−8.8 ptssince 2023
from 25.6% in 2023
US average: 42.5%
Section 08

People & community

39.8%
Unchangedsince 2023
from 39.8% in 2023
60.2%
Unchangedsince 2023
from 60.2% in 2023
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 14.1%
15.2%
+7.9 ptssince 2023
from 7.3% in 2023
US average: 6.2%
27.6%
−5.6 ptssince 2023
from 33.2% in 2023
US average: 13.3%
4.5%
−4.6 ptssince 2023
from 9.1% in 2023
US average: 8.4%
78.2%
−12.5 ptssince 2023
from 90.7% in 2023
US average: 91.0%
100.0%
Unchangedsince 2023
from 100.0% in 2023
US average: 77.7%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 13.6%
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Frequently asked

How many people live in Somerset, Indiana?

Somerset, Indiana has about 221 residents according to the 2024 American Community Survey.

What is the median household income in Somerset, Indiana?

The typical household in Somerset, Indiana earns about $86,161 a year. Half of households make more than that, and half make less.

Is Somerset, Indiana expensive?

In Somerset, Indiana, the median home is worth about $110,000, and the typical rent is about $668 a month.

How educated are people in Somerset, Indiana?

About 7.6% of adults age 25 and over in Somerset, Indiana hold a bachelor's degree or higher.

What is the poverty rate in Somerset, Indiana?

About 11.8% of people in Somerset, Indiana live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →