Living in Somerset, Wisconsin
Cost of living, income, home prices, rent and demographics of Somerset · Census data 2020–2024
Somerset has 3,208 residents with a median age of 27.9. The median household income is $80,395 (4% higher than the Wisconsin median), the median home value is $286,600, the median rent is $1,191/month.
Somerset at a glance
- Population
- 3,208
- Median age
- 27.9State: 40.2
- Median household income
- $80,395State: $77,485
- Median home value
- $286,600State: $266,500
- Median rent
- $1,191/moState: $1,087
- Homeowners
- 56.6%
- Bachelor's degree or higher
- 21.4%
- Average commute
- 28 min
Is Somerset a good place to live?
Pros: Median household income 4% higher than the Wisconsin median; unemployment of 2.3%.
Cons: Home values 8% higher than the state median; an average commute of 28 minutes; a poverty rate of 14.8%.
The weather is best in May–June and August–September.
Cost of living in Somerset
Housing is the biggest part of the cost of living. In Somerset the median home value is $286,600, 14% lower than the U.S. median. Renters pay a median of $1,191 per month, which is 36.3% of household income. Homeowners with a mortgage pay $1,697 a month in housing costs.
Somerset median household income
The median household income in Somerset is $80,395 and the income per person is $36,565. 14.8% of residents live below the poverty line (Wisconsin: 10.6%).
Housing in Somerset: homes for sale and rent
- Housing units
- 1,422
- Owner-occupied
- 56.6%
- Renter-occupied
- 43.4%
- Vacant
- 9%Includes seasonal homes
- Median year built
- 2002
- Average household size
- 2.48
Somerset demographics
- Population
- 3,208
- Median age
- 27.9
- Under 18
- 26.8%
- 65 and older
- 7.8%
- Households
- 1,294
- Foreign-born
- 0.7%
- Veterans
- 7.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Somerset ›
Education in Somerset
21.4% of adults 25 and older in Somerset have a bachelor's degree or higher (Wisconsin: 33.4%), and 4.7% have a graduate or professional degree.
Jobs and commute in Somerset
- Unemployment rate
- 2.3%State: 3.2%
- Average commute
- 28 minState: 22 min
- Work from home
- 5.4%
- Drive alone
- 71.2%
- Public transit
- 0%
- Walk to work
- 3.2%
- Homes with broadband
- 90.5%
Somerset vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Somerset | 3,208 | $80,395 | $286,600 | $1,191 |
| New Richmond | 10,539 | $88,157 | $285,100 | $1,168 |
| Marine on St. Croix | 740 | $126,250 | $470,100 | $2,250 |
| Houlton | 240 | $113,345 | — | — |
| Star Prairie | 674 | $77,188 | $283,500 | $1,047 |
| Stillwater | 19,355 | $105,853 | $414,200 | $1,622 |
| Bayport | 3,905 | $125,893 | $376,900 | $2,028 |
| Oak Park Heights | 4,756 | $82,476 | $354,800 | $1,443 |
| North Hudson | 3,819 | $122,647 | $385,300 | $1,506 |
More for people moving to Somerset
Somerset ZIP code ›Weather and climate ›Living in Somerset: FAQ
What is the median household income in Somerset, WI?
The median household income in Somerset is $80,395, 4% higher than the Wisconsin median of $77,485 (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 $286,600, compared with $266,500 in Wisconsin.
How much is rent in Somerset?
The median gross rent in Somerset is $1,191 per month, about 36.3% of household income.
Is Somerset, WI a good place to live?
Pluses: median household income 4% higher than the Wisconsin median; unemployment of 2.3%. Minuses: home values 8% higher than the state median; an average commute of 28 minutes; a poverty rate of 14.8%.
What is the median age in Somerset?
The median age in Somerset is 27.9 years (Wisconsin: 40.2).
How long is the commute in Somerset?
The average commute to work in Somerset is 28 minutes; 5.4% of workers work from home.
What is the unemployment rate in Somerset?
The unemployment rate in Somerset is 2.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Somerset?
21.4% 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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