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The total population of Somerset is estimated to be 2,152 with 1,023 males (47.54%) and 1,129 females (52.46%). There are 106 more females than males in Somerset.
The median household income in Somerset was $72,357 in 2021, which marked an an increase of 1,042(1.46%) from $71,315 in 2020. This income is 96.99% 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 45 to 64 years old, at $101,574. Overall, the median household income for the city of Somerset stands at $72,357.
In Somerset, the median income for all workers aged 15 years and older, regardless of work hours, was $36,555 for males and $25,517 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $59,585 for males and $41,796 for females.
In Somerset, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, Two or More Races households have the highest median household income at $94,073, while White households represent the opposite end with the lowest median household income of $71,382.
In 2022, the population of Somerset was 1,800, a 1.64% increase year-by-year from 2021. Previously, in 2021, Somerset's population was 1,771, an increase of 0.62% compared to a population of 1,760 in 2020.
The median age in Somerset, TX is 37.6, as per 2021 ACS 5-Year Estimates. Of the total population, 16.65% were under the age of 15, 23.30% aged 15 to 29, 42.43% aged 30 to 64, 13.62% aged 65 to 84, and 3.99% were 85 years of age and older.
Racial distribution of Somerset population: 70.14% are White, 1.42% are Black or African American, 7.57% are American Indian and Alaska Native, 0.41% are Asian, 8.49% are some other race and 11.97% are multiracial.