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
Compare with nearby places
Places of similar size in Kentucky.
- Shepherdsville city 14,351
- Newport city 14,039
- Bardstown city 13,673
- Lawrenceburg city 11,838
- Campbellsville city 11,523
- Fort Campbell North CDP 11,483
- Lyndon city 10,956
Keep going
More Kentucky coverage.