Living in Somerset, Kentucky
Cost of living, income, home prices, rent and demographics of Somerset · Census data 2020–2024
Somerset has 12,216 residents with a median age of 39.8. The median household income is $34,704 (46% lower than the Kentucky median), the median home value is $144,000, the median rent is $775/month.
Somerset at a glance
- Population
- 12,216
- Median age
- 39.8State: 39.1
- Median household income
- $34,704State: $63,726
- Median home value
- $144,000State: $205,600
- Median rent
- $775/moState: $967
- Homeowners
- 48.9%
- Bachelor's degree or higher
- 19.9%
- Average commute
- 24 min
Is Somerset a good place to live?
Pros: Home values 30% lower than the state median; an average commute of 24 minutes.
Cons: Median household income 46% lower than the Kentucky median; unemployment of 8.7%; a poverty rate of 27.2%.
The weather is best in May and August to October.
Cost of living in Somerset
Housing is the biggest part of the cost of living. In Somerset the median home value is $144,000, 57% lower than the U.S. median. Renters pay a median of $775 per month, which is 32% of household income. Homeowners with a mortgage pay $1,113 a month in housing costs.
Somerset median household income
The median household income in Somerset is $34,704 and the income per person is $26,476. 27.2% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Somerset: homes for sale and rent
- Housing units
- 5,506
- Owner-occupied
- 48.9%
- Renter-occupied
- 51.1%
- Vacant
- 10.1%Includes seasonal homes
- Median year built
- 1977
- Average household size
- 2.26
Somerset demographics
- Population
- 12,216
- Median age
- 39.8
- Under 18
- 21.8%
- 65 and older
- 20.4%
- Households
- 4,951
- Foreign-born
- 1.9%
- Veterans
- 5.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Somerset ›
Education in Somerset
19.9% of adults 25 and older in Somerset have a bachelor's degree or higher (Kentucky: 27.6%), and 9.6% have a graduate or professional degree.
Jobs and commute in Somerset
- Unemployment rate
- 8.7%State: 4.9%
- Average commute
- 24 minState: 24 min
- Work from home
- 8.7%
- Drive alone
- 71.4%
- Public transit
- 0%
- Walk to work
- 2.6%
- Homes with broadband
- 83.6%
Somerset vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Somerset | 12,216 | $34,704 | $144,000 | $775 |
| Ferguson | 849 | $40,500 | $153,100 | $758 |
| Burnside | 755 | $58,750 | $167,300 | $926 |
| Science Hill | 647 | $50,341 | $138,700 | $747 |
| Eubank | 412 | $45,250 | $126,300 | $708 |
| Monticello | 5,753 | $44,952 | $132,400 | $779 |
| Mount Vernon | 2,398 | $38,697 | $111,400 | $620 |
| Liberty | 1,672 | $28,704 | $122,300 | $617 |
| Brodhead | 1,423 | $35,333 | $150,200 | $636 |
More for people moving to Somerset
Somerset ZIP code ›Weather and climate ›Living in Somerset: FAQ
What is the median household income in Somerset, KY?
The median household income in Somerset is $34,704, 46% lower than the Kentucky median of $63,726 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Somerset?
The median home value in Somerset is $144,000, compared with $205,600 in Kentucky.
How much is rent in Somerset?
The median gross rent in Somerset is $775 per month, about 32% of household income.
Is Somerset, KY a good place to live?
Pluses: home values 30% lower than the state median; an average commute of 24 minutes. Minuses: median household income 46% lower than the Kentucky median; unemployment of 8.7%; a poverty rate of 27.2%.
What is the median age in Somerset?
The median age in Somerset is 39.8 years (Kentucky: 39.1).
How long is the commute in Somerset?
The average commute to work in Somerset is 24 minutes; 8.7% of workers work from home.
What is the unemployment rate in Somerset?
The unemployment rate in Somerset is 8.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Somerset?
19.9% of adults in Somerset have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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