CensusEasy
CITY · 2020 ACS

Somerset

Indiana · 385 residents · 0.681 sq mi
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The short version

Somerset has roughly average household income, with a median household income of $71,300. Population has declined 8% since 2019. 8% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value is $107,000. With a median age of 51.0, the population is older than the US median of 38.8.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 51.0
US median: 38.8
Less educated
8% hold a bachelor's degree
US average: 33%
More affordable
home values down 14%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

385
−8%since 2019
from 420 in 2019
2010 – 2024
565 / sq mi
−8%since 2019
from 617 / sq mi in 2019
US average: 280
51.0
−7%since 2019
from 55.0 in 2019
US average: 38.8
Population, 20102024
186291397502607201020202024Somerset
2024221
201020202024
Section 02

Income & economy

$71,300
−2%inflation adjusted, since 2019
from $71,667 in 2019
US average: $66,278
2010 – 2024
$33,184
−8%since 2019
from $36,013 in 2019
US average: $35,364
Households earning $100K+
43.3%
−4.8 ptssince 2019
from 48.0% in 2019
US average: 43.9%
2.6%
+0.3 ptssince 2019
from 2.4% in 2019
US average: 12.8%
Workforce by industry, 2020
Retail trade40.9%
US avg: 10%
Finance & insurance18.8%
US avg: 5.5%
Professional, scientific, technical18.8%
US avg: 4.7%
Wholesale trade6%
US avg: 6.7%
Information6%
US avg: 11.1%
Other services5.4%
US avg: 6.6%
Public administration5.4%
US avg: 4.7%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Transportation & warehousing0%
US avg: 2.5%
Education & health services0%
US avg: 0.8%
Arts, entertainment, food0%
US avg: 2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

$107,000
−14%inflation adjusted, since 2019
from $122,900 in 2019
US average: $265,253
2010 – 2024
83.2%
+1.1 ptssince 2019
from 82.2% in 2019
16.8% rent
1.5
−12%since 2019
from 1.7 in 2019
2010 – 2024
RELATED:See current rent listings in Somerset on RentDataNow
Section 04

Race & ethnicity

2019
White, non-Hispanic100%(420)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other0%(0)
Diversity Score0%(0)
2020
White, non-Hispanic96.4%(371)
Black0.3%(1)
Hispanic / Latino1.6%(6)
Asian0.3%(1)
Other0%(0)
Diversity Score5.2%(20)
5
from 0 in 2019
2010 – 2024
Section 05

Education

7.6%
−14.9 ptssince 2019
from 22.5% in 2019
US average: 32.9%
High school or higher
75.5%
−10.8 ptssince 2019
from 86.3% in 2019
US average: 88.5%
3.3%
−8.4 ptssince 2019
from 11.7% in 2019
US average: 12.7%
Section 06

Commute & transportation

15.5 min
−11%since 2019
from 17.5 min in 2019
US average: 26.9
100.0%
Unchangedsince 2019
from 100.0% in 2019
US average: 75.1%
5.6%
−12.2 ptssince 2019
from 17.8% in 2019
US average: 8.4%
Section 07

Work & employment

0.0%
Unchangedsince 2019
from 0.0% in 2019
US average: 5.4%
42.2%
−1.3 ptssince 2019
from 43.5% in 2019
US average: 63.4%
7.4%
−31.2 ptssince 2019
from 38.6% in 2019
US average: 39.3%
Section 08

People & community

53.2%
+3.6 ptssince 2019
from 49.5% in 2019
46.8%
−3.6 ptssince 2019
from 50.5% in 2019
0.0%
Unchangedsince 2019
from 0.0% in 2019
US average: 13.5%
0.0%
Unchangedsince 2019
from 0.0% in 2019
US average: 8.8%
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Frequently asked

How many people live in Somerset, Indiana?

Somerset, Indiana has about 385 residents according to the 2020 American Community Survey.

What is the median household income in Somerset, Indiana?

The typical household in Somerset, Indiana earns about $71,300 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 $107,000.

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 2.6% 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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