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Somerset, IN
Full City Profile · Indiana · Wabash County County
3.3
/5.0
B
Good
241
Population
354/sq mi density
$105,272
Median Income
$45,687 per capita
$603
Median Rent
51.0% income on rent
52°F
Avg Temperature
275 sunny days/yr
299
Violent Crime/100K
4,251 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$105,272 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
F
Safety
1.0 / 5.0
299 violent crimes/100K
C
Education
2.5 / 5.0
18.3% bachelor's degree or higher
Income Overview
Median Household Income
$105,272
40% above
US avg: $75,149
Per Capita Income
$45,687
17% above
US avg: $39,052
Unemployment Rate
0.0%
100% below
US avg: 3.6%
Poverty Rate
6.8%
45% below
US avg: 12.4%
Income Comparison: Somerset vs. U.S. Average
Each bar shows Somerset’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$105,272
140%
Per Capita
US: $39,052
$45,687
117%
IRS Avg AGI
US: $72,000
$69,050
96%
Avg Weekly Wage
US: $1,432
$967
68%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$967
32% below US avg ($1,432)
Work From Home
0.0%
100% below US avg (15.2%)
Drive Alone
100.0%
37% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$1,715M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
100%
Public Transit
0%
Work From Home
0%
Business Landscape
Total Establishments
778
Restaurants
65
Healthcare
84
Retail
113
Manufacturing
56
Tax & Financial
IRS Avg Adjusted Gross Income
$69,050
4% below US avg ($72,000)
Avg Property Tax
$2,750
21% below US avg ($3,500)
Cost of Living Index
93.3
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $105,272 |
| Per Capita Income | $45,687 |
| IRS Avg Adjusted Gross Income | $69,050 |
| Avg Weekly Wage | $967 |
| County GDP | $1,715M |
Hardship Indicators
| Unemployment Rate | 0.0% |
| Poverty Rate | 6.8% |
| Gini Coefficient | 0.405 |
| Cost of Living Index | 93.3 |
Commute
| Drive Alone | 100.0% |
| Public Transit | 0.0% |
| Work From Home | 0.0% |
Businesses
| Total Establishments | 778 |
| Restaurants | 65 |
| Healthcare | 84 |
| Retail | 113 |
| Manufacturing | 56 |
Tax
| IRS Avg AGI | $69,050 |
| Avg Property Tax | $2,750 |