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Wisconsin · Census place 74675

Somerset village, WI

Quick answer

Somerset village has 3,084 residents, ranking #216 of 807 places in Wisconsin. Median household income is $76,176, the median home is worth $271,200 and median gross rent runs $1,127 a month.

Population
3,084Somerset village residents
Median household income
$76,176Past 12 months, inflation adjusted
Median home value
$271,200Owner-occupied units
Median gross rent
$1,127Rent plus utilities, monthly
Median age
27.8 yrsAll residents
Homeownership rate
58.2%Owner-occupied households

What the numbers mean in Somerset village

Housing cost measured against local earnings.

A household earning the Somerset village median would spend about 17.8% 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 3.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 10.2% of residents and 58.2% 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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