Somerset, Wabash County, IN demographics:
population, income, and more

Total population
221
-8.3% year-over-year change
Median household income
$86,161/yr
-18.1% year-over-year change
Housing units
149
3.5% year-over-year change

Somerset population

How many people live in Somerset

Somerset is home to 221 residents, according to the most recent Census data. Gender-wise, 39.8% of Somerset locals are male, and 60.2% are female.

Total population
221
-8.3% year-over-year change
Gender ratio
Male
39.8%
88
Female
60.2%
133
Value Percent YoY change
Male 88 39.8% -8.3%
Female 133 60.2% -8.3%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

Adults between 25 and 44 make up 7.2% of the population, while another 35.8% fall into the 45 to 64 bracket. Finally, around 52.5% are 65 or older.

Median age
65.3
Age breakdown
Under 15
4.5%
15 to 24
0%
25 to 44
7.2%
45 to 64
35.8%
Over 65
52.5%
Value Percent YoY change
Under 15 10 4.5% -54.5%
25 to 44 16 7.2% -60.0%
45 to 64 79 35.8% -3.7%
Over 65 116 52.5% 19.6%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

There’s also a share of 8.6% that includes residents with two or more races.

Citizenship
U.S.-born citizens
100%
Non-U.S.-born citizens
0%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 221 100% -8.3%
Racial breakdown
White
91.4%
Black or African American
0%
American Indian and Alaska Native
0%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
8.6%
Other
0%
Value Percent
White 202 91.4%
Two or more races 19 8.6%

Households in Somerset

A peek inside Somerset households

Somerset has 133 households, with an average of 2 members in each. Of these, 49.6% are families, while the remaining 50.4% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
133
3.1% year-over-year change
Average people per household
2
Non-family households
67
Family households
66
Value Percent YoY change
Non-family households 67 50.4% 21.8%
Family households 66 49.6% -10.8%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Somerset

The housing landscape of Somerset

Somerset's housing consists of 149 units, with 73.8% being detached single-family homes ideal for those wanting space.

Housing units
149
3.5% year-over-year change
Housing types
Value Percent
1 unit, detached 110 73.8%
3 or 4 units 24 16.1%
10 to 19 units 15 10.1%
Homes built since 2020
0
% year-over-year change

The age of buildings in Somerset

In Somerset, the median construction year is 1980. About 9.4% of homes were built before the 1940s, with another 9.4% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 14 9.4% 7.7%
Built between 1940 and 1949 14 9.4% N/A
Built between 1960 and 1969 19 12.8% 90.0%
Built between 1970 and 1979 28 18.8% -42.9%
Built between 1990 and 1999 51 34.2% 24.4%
Built between 2000 and 2009 23 15.4% 0.0%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Somerset occupancy rates

Out of the 133 occupied housing units in Somerset, 70.7% are owner-occupied, while 29.3% are lived in by tenants. Meanwhile, 10.7% of all homes on the local market sit vacant.

Occupied housing units
133
3.1% year-over-year change
Occupancy breakdown
Renter occupied
39
Owner occupied
94
Value Percent YoY
change
Renter occupied 39 29.3% 34.5%
Owner occupied 94 70.7% -6.0%
Unoccupied housing units
10.7%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Somerset housing costs

Housing costs in Somerset come to a median of $688 per month, while tenants specifically pay a median gross rent of $668.

Median housing costs per month
$688/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Somerset
$668/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Somerset

Somerset education at a glance

About 62.6% of the population in Somerset went to high school, while 18% pursued college studies. Another 9% earned an associate degree and 7.6% hold a bachelor’s.

Education level
Value Percent YoY change
No high school 6 2.8% 0.0%
High school diploma 132 62.6% -3.6%
College diploma 38 18% 322.2%
Associate degree 19 9% -29.6%
Bachelor's degree 16 7.6% -60.0%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Somerset

How much people earn in Somerset

The average annual household income in Somerset was $71,838 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -5.9% change from the previous year. At the same time, the median income stood at $86,161, reflecting a -18.2% shift over the same period.

Average household income in Somerset
$71,838/year
-5.9% year-over-year change
Median household income in Somerset
$86,161/year
-18.1% year-over-year change

Somerset income by age

Overall, 88.2% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Over 65 $66,364 N/A
Above poverty level
195
Below poverty level
26
Value Percent YoY
change
Above poverty level 195 88.2% -8.9%
Below poverty level 26 11.8% -3.7%

Employment in Somerset

Workforce and job types in Somerset

The job market in Somerset is powered by 113 working residents, spread across a range of industries and roles. 57.5% of the working population are employed in professional or administrative positions, while 42.5% are in hands-on or service-based jobs.

Workforce demographics

Working population
113
-6.6% year-over-year change
White collar
65
Blue collar
48
Value Percent YoY change
White collar 65 57.5% 3.2%
Blue collar 48 42.5% -17.2%
Employer type
Self employees
0%
Private companies
92.9%
Governmental workers
7.1%
Not for profit companies
0%
Value Percent YoY change
Private companies 105 92.9% 5.0%
Governmental workers 8 7.1% -61.9%

Transportation in Somerset

How people get around in Somerset

In Somerset, the average commute time is 19 minutes.

Commute time
19 min
-14.0% year-over-year change
Means of transportation
Value Percent YoY change
Car 113 100% -6.6%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Somerset by zipcode?

Zipcode Population Number of households Median income Average income
46984 8 8 $0 $0

Explore more communities

FAQs about Somerset demographics 

What is the total population of Somerset?

Somerset has a total population of 221 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by -8.3% compared to a year ago.

What is the gender ratio in Somerset?

The gender ratio in Somerset is as follows:
  • 39.8% males (88 residents)
  • 60.2% females (133 residents)

What is the median age in Somerset?

The median age in Somerset is 65.3.

What is the age distribution of the population in Somerset?

The age distribution in Somerset is as follows:
  • Under 15: 4.5% (10 residents)
  • Ages 15-24: 0% (0 residents)
  • Ages 25-44: 7.2% (16 residents)
  • Ages 45-64: 35.8% (79 residents)
  • Over 65: 52.5% (116 residents)

What is the racial and ethnic makeup of Somerset?

The racial and ethnic makeup of Somerset is as follows:
  • White: 91.4% (202 residents)
  • Black or African American: 0% (0 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 0% (0 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 8.6% (19 residents)
  • Other: 0% (0 residents)

What percentage of the population in Somerset are U.S.-born citizens?

U.S.-born citizens represent 100% of the population in Somerset.

How many housing units are there in Somerset?

There are 149 housing units in Somerset, reflecting a +3.5% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Somerset and what is the average household size?

Somerset has a total of 133 households, with an average of 2 people in each.

What is the median household income in Somerset?

Somerset has a median household income of $86,161, representing a -18.1% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Somerset?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 57.5% (65 residents)
  • Blue-collar workers: 42.5% (48 residents)

Places of employment:
  • Self-employed: 0% (0 residents)
  • Private companies: 92.9% (105 residents)
  • Governmental workers: 7.1% (8 residents)
  • Not-for-profit companies: 0% (0 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025