Somerset Micro
Somerset has notably lower household income than the US average, with a median household income of $40,658. Population has grown 16% since 2000. 17% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value has risen by half since 2000, reaching $113,900. The poverty rate of 22.6% is well above the national figure.
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How many people live in Somerset, KY?
Somerset, KY has about 65,034 residents according to the 2020 American Community Survey.
What is the median household income in Somerset, KY?
The typical household in Somerset, KY earns about $40,658 a year. Half of households make more than that, and half make less.
Is Somerset, KY expensive?
In Somerset, KY, the median home is worth about $113,900, and the typical rent is about $706 a month.
How educated are people in Somerset, KY?
About 16.8% of adults age 25 and over in Somerset, KY hold a bachelor's degree or higher.
What is the poverty rate in Somerset, KY?
About 22.6% of people in Somerset, KY live below the federal poverty line.
Has Somerset, KY grown since 1990?
Yes, Somerset, KY has grown since 1990. The population has added about 15,545 residents, a change of about 31 percent over that period.
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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · METRO ROLLUP OF COMPONENT COUNTIES · UPDATED 2024