Somerset, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, Somerset, Indiana had a total population of 221, the 693rd largest community in Indiana, with a median household income of $86,161, which is 20% higher than the state average. The poverty rate is 11.8%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Only 7.6% of adults have a bachelor's degree, well below the national average of 35.7%.
- Housing is very affordable with a home-value-to-income ratio of just 1.3x.
Somerset Quick Facts
How Somerset Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 241 | 221 | -8.3% |
| Median household income | $105,272 | $86,161 | -18.2% |
How Somerset Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Somerset Rankings in Indiana
Explore Indiana Rankings
Other Cities in Wabash County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Wabash | 10,358 | $53,410 | 14.0% | $116,500 |
| North Manchester | 4,819 | $61,296 | 10.7% | $138,200 |
| La Fontaine | 837 | $49,464 | 9.8% | $96,300 |
| Roann | 479 | $58,542 | 12.3% | $95,900 |
| Laketon | 460 | $60,104 | 9.3% | $162,500 |
| Lagro | 330 | $58,958 | 10.0% | $80,000 |
Cities Similar to Somerset
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Young America | 225 | N/A | $132,100 | 0.0% | 42.7% |
| Saugany Lake | 217 | N/A | N/A | 45.4% | 0.0% |
| East Enterprise | 226 | N/A | N/A | 0.0% | 0.0% |
| Eminence | 216 | N/A | $256,700 | 11.9% | 19.4% |
| Millhousen | 227 | N/A | $193,100 | 6.6% | 4.9% |
A note before these figures: with a population of 221, Somerset's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Somerset is a small community located in Indiana, within Wabash County. The total population is 221. It ranks as the 693rd most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in Somerset is 65.3 years. This is 71% higher than the state median of 38.1 years. Only 4.5% of residents are under 18, indicating fewer families with children. 18.6% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Somerset is $86,161. This is 20% higher than the state median of $71,957. It is also 7% higher than the national median of $80,734. The poverty rate stands at 11.8%. This is 5% lower than the state poverty rate of 12.3%. The survey records no unemployed residents in Somerset, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $110,000. Housing costs are 50% lower than the state median of $218,200. With a home-value-to-income ratio of just 1.3x, Somerset is one of the most affordable housing markets in the area. 70.7% of occupied housing units are owner-occupied.
Race & Ethnicity
Somerset has a predominantly White (non-Hispanic) population, comprising 86.9% of all residents. Hispanic or Latino residents account for 8.1%.
Education
7.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 74% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 81.0%.
Data Sources & Methodology
All demographic data for Somerset, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
Free data download: Get all Indiana city and county demographics as CSV. Download Cities CSV | Download Counties CSV
Frequently Asked Questions
What is the population of Somerset, Indiana?
Somerset, Indiana has a population of 221 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Somerset, IN?
The median household income in Somerset is $86,161, which is 7% higher than the national median of $80,734.
What is the poverty rate in Somerset, IN?
The poverty rate in Somerset is 11.8%. This means approximately 26 residents live below the federal poverty line.
What is the racial makeup of Somerset, Indiana?
Somerset's population is 86.9% White, 0.0% Black, 8.1% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Somerset, IN?
The median home value in Somerset is $110,000. The home-value-to-income ratio is 1.3x.
How educated is Somerset, Indiana?
7.6% of adults (25+) in Somerset hold a bachelor's degree or higher, and 0.0% hold a graduate or professional degree.