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ZipNumbers

Kentucky · Census place 71688

Somerset city, KY

Quick answer

Somerset city has 12,108 residents, ranking #35 of 554 places in Kentucky. Median household income is $32,910, the median home is worth $140,900 and median gross rent runs $830 a month.

Population
12,108Somerset city residents
Median household income
$32,910Past 12 months, inflation adjusted
Median home value
$140,900Owner-occupied units
Median gross rent
$830Rent plus utilities, monthly
Median age
39.1 yrsAll residents
Homeownership rate
42.9%Owner-occupied households

What the numbers mean in Somerset city

Housing cost measured against local earnings.

A household earning the Somerset city median would spend about 30.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 28.7% of residents and 42.9% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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