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The total population of Somerset is estimated to be 11,998 with 5,921 males (49.35%) and 6,077 females (50.65%). There are 156 more females than males in Somerset.
The median household income in Somerset was $32,543 in 2021, which marked an an increase of 1,111(3.53%) from $31,432 in 2020. This income is 43.62% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Somerset sees its highest median household income among householders in the age group of 25 to 44 years old, at $52,857. Overall, the median household income for the city of Somerset stands at $32,543.
In Somerset, the median income for all workers aged 15 years and older, regardless of work hours, was $28,133 for males and $17,423 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $47,158 for males and $31,752 for females.
In Somerset, there are just two different racial groups among households. Among these, White households report a median household income of $30,565, while Two or More Races households have a median household income of $25,672.
In 2022, the population of Somerset was 12,218, a 0.24% increase year-by-year from 2021. Previously, in 2021, Somerset's population was 12,189, an increase of 1.84% compared to a population of 11,969 in 2020.
The median age in Somerset, KY is 38.8, as per 2021 ACS 5-Year Estimates. Of the total population, 18.82% were under the age of 15, 19.32% aged 15 to 29, 44.19% aged 30 to 64, 13.76% aged 65 to 84, and 3.92% were 85 years of age and older.
Racial distribution of Somerset population: 92.90% are White, 3.33% are Black or African American, 0.01% are American Indian and Alaska Native, 1.07% are Asian, 0.17% are some other race and 2.52% are multiracial.