Texas · Census place 68708
Somerset city, TX
Quick answer
Somerset city has 2,048 residents, ranking #729 of 1863 places in Texas. Median household income is $75,337, the median home is worth $164,700 and median gross rent runs $1,129 a month.
- Population
- 2,048Somerset city residents
- Median household income
- $75,337Past 12 months, inflation adjusted
- Median home value
- $164,700Owner-occupied units
- Median gross rent
- $1,129Rent plus utilities, monthly
- Median age
- 39.6 yrsAll residents
- Homeownership rate
- 69.3%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 18% 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 2.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 15.4% of residents and 69.3% 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 Texas.
- Dalworthington Gardens city 2,061
- West Tawakoni city 2,057
- Arcola city 2,050
- Cooper city 2,045
- Ganado city 2,045
- Little River-Academy city 2,044
- Buna CDP 2,030
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