Somerset, MA
Maps & Population Facts
Population
18,257
Population Density
2,311
Labor Participaton
61.7%
Bachelor's or Higher
26.5%
Median Household Income
$72,920
Median Individual Income
$39,827
Median Individual Income(Full-time Workers Only)
$53,005
Housing Estimates
Median House Value
$275,000
Median Gross Rent
$1,016
Median Mortgage Payment
$1,796
Housing Units
7,306
People who reside in Somerset live in:
Detached - Single Family Homes
81%
Apt, Condo, Other
19%
Analysis
Income
Households in Somerset earn more money than the national median income, averaging 21% higher per household.
Housing
Somerset has a median house price of $275,000. The cost of homeownership is slightly higher than most areas. The cost of renting in Somerset is % more than the national average.
Percent | |
---|---|
Renter Occupied Households | 38% |
New Construction (Built after 2000) | 5% |
Demographics
The median age in Somerset is 47. Somerset has a population that is significantly older than in comparison to the US median age.
Somerset ranks worse than average for having an educated population with less college graduates per resident than most areas.
Housing Data
Housing Comparison
Somerset | Massachusetts | USA | |
Median Property Value | 275,000 | 385,400 | 217,600 |
Median Mortgage Payment | 1,796 | 2,108 | 1,513 |
Median Gross Rent | 1,016 | 1,208 | 1,012 |
Property Vacancy | 4.2% | 10.0% | 12.6% |
% Renters | 18% | 38% | 36% |
Residents per Sq. Mi. | 2,311 | 885 | 93 |
Personal Comparison
Somerset | Massachusetts | USA | |
Median Household Income | 72,920 | 77,385 | 60,336 |
Median Individual Income | 39,827 | 41,700 | 33,646 |
Median Income (Full-Time) | 53,005 | 60,923 | 46,881 |
Median Age | 47.1 | 39.5 | 38.1 |
Labor Participation | 61.7% | 67.8% | 62.8% |
Attained College Degree | 26.5% | 43.4% | 32.0% |
Population Density Analysis
Somerset, MA
2,311
Residents per Sq. Mile
The population density of Somerset is comparable to that of a Suburban Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +