Somerset
Somerset is significantly wealthier than the US average, with a median household income of $250,001. Population has declined 3% since 2000. 94% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value has more than tripled since 2000, reaching $1,775,000. With a median age of 51.2, the population is older than the US median of 38.9. It ranks in the top 1% of US cities for household income.
Population & growth
PEP 2025 EST:1,151 residents (Census Bureau Vintage 2025, released March 2026)
Income & economy
Housing
Race & ethnicity
Education
Commute & transportation
Work & employment
People & community
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Compare Somerset to nearby cities
How many people live in Somerset, Maryland?
Somerset, Maryland has about 1,088 residents according to the 2024 American Community Survey.
What is the median household income in Somerset, Maryland?
The typical household in Somerset, Maryland earns about $250,001 a year. Half of households make more than that, and half make less.
Is Somerset, Maryland expensive?
In Somerset, Maryland, the median home is worth about $1,775,000, and the typical rent is about $3,501 a month.
How educated are people in Somerset, Maryland?
About 93.7% of adults age 25 and over in Somerset, Maryland hold a bachelor's degree or higher.
What is the poverty rate in Somerset, Maryland?
About 1.9% of people in Somerset, Maryland live below the federal poverty line.
Has Somerset, Maryland grown since 1990?
Yes, Somerset, Maryland has grown since 1990. The population has added about 95 residents, a change of about 10 percent over that period.
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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024