Census Bureau data for Somerset town from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — Somerset town
- What is the median household income in Somerset town?
- The median household income in Somerset town is $250,001 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in Somerset town?
- The poverty rate in Somerset town is 1.0% (U.S. Census Bureau ACS 2023).
- What is the median home value in Somerset town?
- $1,820,800 (U.S. Census Bureau ACS 2023).
- What is the average rent in Somerset town?
- The median gross rent in Somerset town is $3,501 per month (U.S. Census Bureau ACS 2023).
- What percentage of Somerset town residents have a college degree?
- 94.2% of adults in Somerset town hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
1,020
Median Income
$250,001
Median Home Value
$1,820,800
Poverty Rate
1.0%
Unemployment (ACS 2023)
0.8%
Median Age
50.0 yrs
Since 2019
Median Income:
$0 (+0%)
Home Value:
+$345,000 (+23.4%)
Bachelor's+:
+0.1 pp (+0.1%)
Demographics
Total Population
1,020
Median Age
50.0
Female
51.2%
Race & Ethnicity
Hispanic or Latino 7.5%
White (non-Hisp.) 80.7%
Black 2.1%
Asian 5.1%
Two or More 7.7%
Other 1.7%
Asian Subgroups (% of total pop.)
Indian
2.4%
Chinese
1.6%
Korean
0.4%
Vietnamese
0.3%
Japanese
0.3%
Filipino
0.2%
Hispanic Subgroups (% of total pop.)
Mexican
0.9%
Puerto Rican
0.7%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$250,001
+$148,349 vs. state
Per Capita Income
$415,486
Median Family Income
$250,001
Poverty Rate
1.0%
-5.3 pp vs. state
Child Poverty Rate
0.0%
Working-Age Poverty Rate
—
SNAP Recipients
0.0%
Social Security Income
—
Retirement Income
34.3%
Household Income Distribution
< $10k
0.6%
$10–15k
1.4%
$15–25k
0.8%
$35–50k
3.1%
$50–75k
2.2%
$75–100k
2.5%
$100–150k
5.6%
$150–200k
12.0%
$200k+
71.9%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
381
Owner-Occupied
88.6%
Renter-Occupied
11.4%
Vacancy Rate
5.8%
Median Home Value
$1,820,800
+$1,423,100 vs. state
Median Gross Rent
$3,501
Owner Cost Burden (30%+)
8.3%
Renter Cost Burden (30%+)
38.2%
Home Value Distribution
< $50k
1.3%
$500k–$1M
1.9%
$1M+
96.9%
Vehicle Availability
No vehicle
4.2%
1 vehicle
33.1%
2 vehicles
48.2%
3+
14.5%
Housing Age
Pre-1940
19.4%
1940–1969
7.9%
1970–1999
2.4%
2000–2009
10.0%
2010+
4.7%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
100.0%
Bachelor's or Higher
94.2%
+51.5 pp vs. state
Graduate Degree
68.0%
Some College / Associate
2.4%
Less Than High School
0.0%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
65.7%
Unemployment Rate
0.8%
-4.1 pp vs. state
Work from Home
46.1%
Self-Employed
10.3%
Government Workers
17.9%
Private For-Profit
71.8%
Industry
Prof. Services
32.2%
Edu/Health
18.9%
Public Admin
15.7%
Finance
10.7%
Arts/Entmt.
4.8%
Information
4.0%
Manufacturing
3.2%
Retail
2.2%
Wholesale
0.8%
Occupation
Management
89.3%
Sales
8.2%
Food Prep
1.8%
Production
0.8%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
34.9 min
Drove Alone
21.7%
Carpool
1.4%
Public Transit
15.7%
Work from Home
46.1%
Walked
6.8%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
359
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
76.9%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
39.8%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
2.1%
5–9
6.3%
10–14
12.8%
15–19
10.2%
20–24
3.0%
25–34
1.4%
35–44
5.8%
45–54
21.0%
55–64
9.4%
65–74
7.1%
75–84
12.3%
85+
5.8%
Under 18: 29.8%
Working age (18–64): 70.2%
65 and over: 21.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
18.5%
Naturalized Citizen
56.6%
Speaks English Less Than Very Well
2.2%
Foreign-Born Origin
Europe
38.1%
Asia
22.2%
Latin America
18.0%
Africa
5.3%
Veterans & Disability
Veteran
3.5%
With a Disability
3.8%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
100.0%
Uninsured
0.0%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
99.2%
Has a Computer
100.0%
Same House 1 Year Ago
88.5%
Moved from Abroad
1.4%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023