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CITY · 2010 ACS

Somerset

Indiana · 401 residents · 0.681 sq mi
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The short version

Somerset has lower-than-average household income, with a median household income of $44,133. Population has fallen 30% since 2011, a loss of 171 residents. Median home value is $133,500. With a median age of 49.8, the population is older than the US median of 37.2. Poverty is rare here, at 2.3% of residents.

At a glance
Lower income
below the US median
US median: $52,703
Older
median age 49.8
US median: 37.2
Less educated
23% hold a bachelor's degree
US average: 28%
Stable housing
home values roughly flat, inflation adjusted
US median home: $225,659
Section 01

Population & growth

Total population
401
−30%vs 2011
vs 572 in 2011
2010 – 2024
Population density
589 / sq mi
−30%vs 2011
vs 840 / sq mi in 2011
US average: 261
Median age
49.8
+16%vs 2011
vs 42.8 in 2011
US average: 37.2
Population, 2010 – 2024
186291397502607201020202024Somerset
2024221
201020202024
Section 02

Income & economy

Median household income
$44,133
+4%inflation adjusted, since 2011
vs $43,636 in 2011
US average: $52,703
2010 – 2024
Per capita income
$29,211
+8%vs 2011
vs $27,153 in 2011
US average: $27,286
Households earning $100K+
37.5%
+8.1 ptsvs 2011
vs 29.4% in 2011
US average: 33.3%
Poverty rate
2.3%
−4.2 ptsvs 2011
vs 6.5% in 2011
US average: 13.8%
Income inequality (Gini)
0.364
−17%vs 2011
vs 0.440 in 2011
US average: 0.461
Workforce by industry, 2010
Retail trade44%
US avg: 10.9%
Information22.8%
US avg: 11.5%
Agriculture, forestry, fishing5.2%
US avg: 1.9%
Construction5.2%
US avg: 1.4%
Manufacturing0%
US avg: 0.5%
Wholesale trade0%
US avg: 7.2%
Transportation & warehousing0%
US avg: 3.1%
Finance & insurance0%
US avg: 5.1%
Professional, scientific, technical0%
US avg: 4.2%
Education & health services0%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 2.4%
Other services0%
US avg: 7%
Public administration0%
US avg: 4.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$133,500
+10%inflation adjusted, since 2011
vs $125,700 in 2011
US average: $225,659
2010 – 2024
Median gross rent
$276
+3%inflation adjusted, since 2011
vs $277 in 2011
US average: $853
Owner-occupied
54.4%
−31.4 ptsvs 2011
vs 85.9% in 2011
16.7% rent
Vacancy rate
0.0%
Unchangedvs 2011
vs 0.0% in 2011
US average: 12.1%
Owner cost-burdened
11.5%
−6.7 ptsvs 2011
vs 18.2% in 2011
US average: 30.9%
Renter cost-burdened
20.5%
−1.1 ptsvs 2011
vs 21.6% in 2011
US average: 46.8%
Afford Score
3.0
+5%vs 2011
vs 2.9 in 2011
2010 – 2024
RELATED:See current rent listings in Somerset on RentDataNow
Section 04

Race & ethnicity

2011
White, non-Hispanic100%(572)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other0%(0)
Diversity Score0%(0)
2010
White, non-Hispanic98.3%(394)
Black0%(0)
Hispanic / Latino0.7%(3)
Asian0.2%(1)
Other0%(0)
Diversity Score2.5%(10)
Diversity Score
2
vs 0 in 2011
2010 – 2024
Section 05

Education

Bachelor's degree or higher
22.6%
+5.1 ptsvs 2011
vs 17.6% in 2011
US average: 27.9%
High school or higher
97.1%
+0.5 ptsvs 2011
vs 96.5% in 2011
US average: 84.9%
Graduate degree
6.1%
+0.9 ptsvs 2011
vs 5.2% in 2011
US average: 10.2%
Section 06

Commute & transportation

Average commute
27.5 min
−1%vs 2011
vs 27.7 min in 2011
US average: 25.2
Drive alone to work
96.3%
+2.2 ptsvs 2011
vs 94.1% in 2011
US average: 76.2%
Carpooled to work
1.7%
+1.7 ptsvs 2011
vs 0.0% in 2011
US average: 10.4%
Public transit
0.0%
Unchangedvs 2011
vs 0.0% in 2011
US average: 4.7%
Worked from home
0.0%
Unchangedvs 2011
vs 0.0% in 2011
US average: 4.1%
Walked to work
2.0%
−3.9 ptsvs 2011
vs 5.9% in 2011
US average: 2.8%
Biked to work
0.0%
Unchangedvs 2011
vs 0.0% in 2011
US average: 0.5%
No vehicle available
0.0%
Unchangedvs 2011
vs 0.0% in 2011
US average: 8.7%
Section 07

Work & employment

Self-employed
6.8%
+4.0 ptsvs 2011
vs 2.8% in 2011
US average: 12.9%
Management & professional
35.8%
+7.9 ptsvs 2011
vs 27.9% in 2011
US average: 35.2%
Section 08

People & community

Male
42.1%
+3.4 ptsvs 2011
vs 38.6% in 2011
Female
57.9%
−3.4 ptsvs 2011
vs 61.4% in 2011
Foreign born
0.0%
Unchangedvs 2011
vs 0.0% in 2011
US average: 12.8%
Veterans
17.2%
+2.2 ptsvs 2011
vs 15.0% in 2011
US average: 9.9%
Drill deeper

Places similar to Somerset

Buckhead
Pop 205
Tallulah Falls
Pop 215
Woodside
Pop 200
Roopville
Pop 239
Places similar to Somerset
Head to head

Compare Somerset to nearby cities

SOMERSET VS
Wabash
Income$53,410+21%
Home value$116,500−13%
Population10,190+4511%
SEE FULL COMPARISON →
SOMERSET VS
Marion
Income$43,343−2%
Home value$85,300−36%
Population28,234+12676%
SEE FULL COMPARISON →
SOMERSET VS
Peru
Income$46,159+5%
Home value$92,500−31%
Population10,962+4860%
SEE FULL COMPARISON →
SOMERSET VS
Kokomo
Income$55,360+25%
Home value$137,400+3%
Population59,999+27049%
SEE FULL COMPARISON →
Frequently asked

How many people live in Somerset, Indiana?

Somerset, Indiana has about 401 residents according to the 2010 American Community Survey.

What is the median household income in Somerset, Indiana?

The typical household in Somerset, Indiana earns about $44,133 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 $133,500, and the typical rent is about $276 a month.

How educated are people in Somerset, Indiana?

About 22.6% 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 2.3% 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

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