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The total population of Somerset township is estimated to be 4,577 with 2,344 males (51.21%) and 2,233 females (48.79%). There are 111 less females than males in Somerset township.
The median household income in Somerset township was $81,969 in 2021, which marked an a decrease of 976(1.18%) from $82,945 in 2020. This income is 109.87% 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 township sees its highest median household income among householders in the age group of 45 to 64 years old, at $97,861. Overall, the median household income for the township of Somerset township stands at $81,969.
In Somerset township, the median income for all workers aged 15 years and older, regardless of work hours, was $57,781 for males and $32,540 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $78,619 for males and $57,240 for females.
In Somerset township, there are just two different racial groups among households. Among these, White households report a median household income of $82,773, while Two or More Races households have a median household income of $34,792.
In 2022, the population of Somerset township was 4,594, a 0.31% increase year-by-year from 2021. Previously, in 2021, Somerset township's population was 4,580, a decline of 0.20% compared to a population of 4,589 in 2020.
The median age in Somerset Township, Michigan is 49.0, as per 2021 ACS 5-Year Estimates. Of the total population, 14.26% were under the age of 15, 11.72% aged 15 to 29, 49.89% aged 30 to 64, 22.47% aged 65 to 84, and 1.67% were 85 years of age and older.
Racial distribution of Somerset township population: 98.88% are White, 0.13% are Black or African American, 0.09% are American Indian and Alaska Native, 0.02% are Asian and 0.88% are multiracial.