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Somerset, MD

Comprehensive demographics, housing data, local amenities, and economic statistics for Somerset.

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Community Insights

High Incomes
$195k/year
top 1% nationally
Highly Educated
24% bachelor's · 30% graduate
top 21% nationally
Leading Industries
Arts, Food & Hospitality · Healthcare · Professional Services
30% arts, food & hospitality
Home Value Growth⬇
-5.8% over 2 years
Retirees
25% of residents
above average nationally
Homeowners
83% of occupied units

People & Demographics

Total Population1,200
Households—
Under 18
20.0%
Age 18–34
19.0%
Age 35–64
36.0%
Age 65+
25.0%
Veterans
3.0%
Active Duty
0.0%

Housing & Living

Median Home Value$1,540,100
Median Gross Rent$2,442/mo
Owner Occupied
83.0%
Renter Occupied
17.0%
Detached Homes
—
Built Pre-1940
—

Economy & Income

Median Household Income$194,925
Poverty Rate—

Key Industries

Healthcare32.0%
Professional Services2.0%
Manufacturing0.0%
Retail5.0%
Education2.0%

Amenities & Transit

Transit Score28 / 100
Walkability / Amenities46 / 100
Commute < 15m
—
Commute 60m+
—

Education

High School Grad
—
Bachelor's Degree
24.0%
Master's or Higher
30.0%
School Enrollment
—

Frequently Asked Questions

What is the population and demographic makeup of Somerset?›

The total population of Somerset is approximately 1,200. The largest age group is 35-64 year olds. This demographic data is sourced from the U.S. Census Bureau.

Is Somerset walkable and transit-friendly?›

Based on local geographic data, Somerset has an amenity and walkability score of 46/100 and a transit score of 28/100. This indicates moderate access to local amenities and transportation.

Do more people rent or own homes in Somerset?›

The housing market in Somerset is predominantly driven by homeowners, with 83% of housing units being owner-occupied and 17% being renter-occupied.

What is the education level of residents in Somerset?›

In Somerset, approximately 24% of adult residents hold a bachelor's degree or higher. Additionally, 30% of the population holds a master's degree or higher. This indicates the local educational attainment compared to state and national averages.