At a Glance
Median Income
$250,001
$155,205 per capita
Home Value
$1,820,800
Zillow: $1,216,118
Median Rent
$3,501/mo
28.3% of income on rent
Bachelor's Degree+
94.2%
100.0% high school+
Unemployment
0.8%
1.0% poverty rate
Obesity Rate
23.8%
5.5% smoking rate
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)
Thin vertical line = U.S. national average (100%)
Is Somerset a Good Place to Live?
A
4.2 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Somerset residents earn a median household income of $250,001 , which is 233% above the national average of $75,149.
Per capita income is $155,205. The unemployment rate stands at 0.8% (78% below the U.S. rate of 3.6%). 1.0% of residents live below the poverty line. The area is home to 52,228 business establishments, including 2,762 restaurants.
Housing & Cost of Living
The median home value in Somerset is $1,820,800 , 546% above the national median of $281,900.
Zillow estimates the typical home at $1,216,118. Median rent is $3,501/month, with 28.3% of renters spending more than 30% of income on housing. The cost of living index is 105.0 (100 = national average). The median home was built in 1955.
Education
94.2% of adults in Somerset hold a bachelor's degree or higher
(180% above the national average).
100.0% have completed high school. Local schools score 5.1/10 in standardized testing.
Climate & Weather
Somerset has an average annual temperature of 56°F (13°C).
Winters average 34°F in January while summers reach 78°F in July. Annual precipitation totals 48.5 inches.
Data Overview
People
Population1,020
Median Age50.4 yrs
Density3,643/mi²
Male / Female49% / 51%
Foreign Born18.5%
Veterans3.5%
Economy
A+
Median Income$250,001
Per Capita$155,205
Unemployment0.8%
Poverty1.0%
County GDP$184,298M
Avg Weekly Wage$2,365
Housing
C+
Home Value$1,820,800
Rent$3,501
Ownership88.6%
Zillow$1,216,118
Housing Units378
Rent Burden28.3%
Health
Obesity23.8%
Diabetes6.5%
Smoking5.5%
Heart Disease3.9%
Premature Death9,241/100K
Climate
Avg Temp56°F
Rain48.5 in/yr
Elevation305 ft
Education
A+
Bachelor's+94.2%
High School+100.0%
Graduate+69.6%
School Score5.1/10
Community
2024 VoteR 5% / D 91%
Commute35 min
Broadband99.2%
Internet Speed258 Mbps
EV Stations11
Libraries26
Did You Know?
Somerset was founded in 1906.
The median home in Somerset was built in 1955.
15.7% of residents use public transit to commute.
46.1% work from home.
The nearest airport is Ronald Reagan Washington Ntl (9 miles).
The Gini coefficient (income inequality) is 0.517 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively High" by FEMA.
3.8% of the population has a disability.
18.5% of residents are foreign-born.
Average internet download speed is 258 Mbps.
There are 2,762 restaurants in the area.
The county recorded 28 fatal vehicle crashes.