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The total population of Somerset is estimated to be 1,544 with 774 males (50.13%) and 770 females (49.87%). There are 4 less females than males in Somerset.
The median household income in Somerset was $55,139 in 2021, which marked an a decrease of 4,351(7.31%) from $59,490 in 2020. This income is 73.91% 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 $85,837. Overall, the median household income for the village of Somerset stands at $55,139.
In Somerset, the median income for all workers aged 15 years and older, regardless of work hours, was $34,724 for males and $17,765 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $73,136 for males and $52,019 for females.
In Somerset, population is primarily represented by White households, reporting a median income of $54,368.
In 2022, the population of Somerset was 1,474, a 0.20% decrease year-by-year from 2021. Previously, in 2021, Somerset's population was 1,477, a decline of 0.34% compared to a population of 1,482 in 2020.
The median age in Somerset, OH is 34.5, as per 2021 ACS 5-Year Estimates. Of the total population, 20.31% were under the age of 15, 22.20% aged 15 to 29, 42.00% aged 30 to 64, 12.91% aged 65 to 84, and 2.58% were 85 years of age and older.
Racial distribution of Somerset population: 91.91% are White, 1.38% are Black or African American, 0.40% are some other race and 6.31% are multiracial.