Somerset, IN population, income and ZIP codes

Somerset CDP is a very small community in Indiana, with 241 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #674 of 976 ranked by population — larger than 30% of them. The median age here is 56.9 years against 39.1 nationally, a markedly older profile that usually tracks retirees staying put and younger households leaving for work. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Somerset CDP earn a median of $105,272 a year, 34% above the national figure of $78,538 and 71% above the $61,527 median for the 355 Indiana cities we cover. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 11.2% of residents here, below the 12.4% national rate.

The typical owner-occupied home in Somerset CDP is valued at not published, while median gross rent runs $603 a month, 57.1% below the national figure, or roughly $7,236 across a full year. A household on the local median income would put about 6.9% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. 77.5% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

A median age of 56.9 puts Somerset CDP well into retirement-weighted territory, which pulls median household income down even where household wealth is high, because retirement draws are counted differently from wages. With 241 residents, a handful of survey responses moves every median on this page. Compare Somerset CDP against its county rather than against national figures.

The Census withheld home value for Somerset CDP because the sample was too thin to publish at this geography. Those values were suppressed at the source, not lost in our dataset, and we do not model a replacement. Everything else on this page comes straight from the ACS 2019-2023 ACS 5-year tables.