All Countries
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
Change Over Time (2013–2023)
Population Change
-48.4%
467 → 241
over 10 years
Annual Pop. Growth
-6.4%
Compound annual growth rate
Median Income Change
+130%
$45,774 → $105,272
nominal, not inflation-adjusted
Annual Income Growth
+8.68%
Compound annual growth rate
Population Over Time
Total population for Somerset across each available Census ACS release.
Median Household Income Over Time
Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).
Projected 2030
Simple projections extrapolating the 2013–2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts — real outcomes depend on migration, policy and economic shifts.
Projected Population 2030
152
-89 from 2023 (241)
Projected Median Income 2030
$188,521
+$83,249 from 2023 ($105,272)
Year-by-Year Detail
| Year | Population | YoY % | Median Income | YoY % |
|---|---|---|---|---|
| 2013 | 467 | — | $45,774 | — |
| 2015 | 502 | +7.5% | $68,750 | +50.2% |
| 2017 | 520 | +3.6% | $77,829 | +13.2% |
| 2019 | 420 | -19.2% | $71,667 | -7.9% |
| 2021 | 361 | -14% | $76,250 | +6.4% |
| 2023 | 241 | -33.2% | $105,272 | +38.1% |
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.