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
Compare with nearby places
Places of similar size in Wisconsin.
- Ladysmith city 3,152
- New Holstein city 3,104
- Lake Wissota CDP 3,103
- Oostburg village 3,077
- Oconto Falls city 2,979
- Genoa City village 2,967
- Williams Bay village 2,967
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