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Somerset, AB

Full City Profile · Alberta

3.7 /5.0
B+ Good
8,320 Population 25/sq mi density
$82,896 Median Income $50,913 per capita
$290,615 Home Value
$1,091 Median Rent 27.6% income on rent
43°F Avg Temperature 291 sunny days/yr
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$82,896 median income, 5.1% unemployment
A+
Affordability
4.7 / 5.0
$290,615 home value, $1,091/mo rent
C+
Safety
2.5 / 5.0
B+
Education
3.6 / 5.0
32.9% bachelor's degree or higher

Somerset, AB

At a Glance

Median Income
$82,896
10% above
$50,913 per capita
Home Value
$290,615
3% above
Median Rent
$1,091/mo
6% below
27.6% of income on rent
Bachelor's Degree+
32.9%
2% below
87.4% high school+
Unemployment
5.1%
42% above
12.9% poverty rate
Avg Temperature
43°F
291 sunny days/yr

How Somerset Compares to the U.S. Average

Each bar shows Somerset's value as a percentage of the national average (100% = U.S. avg)

Income
110%
Home Value
103%
Rent
94%
Poverty
104%
Bachelor's
98%
Unemployment
142%
Thin vertical line = U.S. national average (100%)

Is Somerset a Good Place to Live?

B+
3.7 / 5.0 — Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Somerset residents earn a median household income of $82,896 , which is 10% above the national average of $75,149. Per capita income is $50,913. The unemployment rate stands at 5.1% (42% above the U.S. rate of 3.6%). 12.9% of residents live below the poverty line. The area is home to 258 business establishments.

Housing & Cost of Living

The median home value in Somerset is $290,615 , 3% above the national median of $281,900. Median rent is $1,091/month, with 27.6% of renters spending more than 30% of income on housing.

Education

32.9% of adults in Somerset hold a bachelor's degree or higher (2% below the national average). 87.4% have completed high school.

Climate & Weather

Somerset has an average annual temperature of 43°F (6°C). Winters average 23°F in January while summers reach 64°F in July. The area gets 291 sunny days per year. Annual precipitation totals 17.1 inches.

Data Overview

People

Population8,320
Median Age41.8 yrs
Density25/mi²
Male / Female50% / 50%

Economy

B+
Median Income$82,896
Per Capita$50,913
Unemployment5.1%
Poverty12.9%
Avg Weekly Wage$979

Housing

A+
Home Value$290,615
Rent$1,091
Ownership66.5%
Housing Units3,328
Rent Burden27.6%

Crime

C+
Property3,500/100K
Burglary484/100K

Climate

Avg Temp43°F
Sunny Days291/yr
Rain17.1 in/yr
Elevation3,563 ft

Education

B+
Bachelor's+32.9%
High School+87.4%
Graduate+17.0%

Community

Commute25 min

Did You Know?

18.6% work from home.