Somerset, Maryland Demographics & Population 2026
During the 2020–2024 ACS period, Somerset, Maryland had a total population of 1,088, the 321st largest town in Maryland, with a median household income of $250,000+, which is 141% higher than the state average. The poverty rate is 1.9%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 141% above the state average — one of the wealthiest communities in Maryland.
- An exceptionally low poverty rate of 1.9% — among the lowest in Maryland.
- 93.7% of adults hold a bachelor's degree or higher — top 10% in Maryland.
- Housing affordability is a challenge — homes cost 7.1x the median household income.
- Near full employment with an unemployment rate of just 2.3%.
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 | 1,020 | 1,088 | +6.7% |
| Median household income | $250,000+ | $250,000+ | +0.0% |
| Median home value | $1,820,800 | $1,775,000 | -2.5% |
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: 68 | National average: 61
Education
Educational Attainment (Adults 25+)
Somerset Rankings in Maryland
Explore Maryland Rankings
Other Cities in Montgomery County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Germantown | 90,719 | $117,546 | 8.8% | $422,400 |
| Silver Spring | 81,462 | $99,860 | 10.6% | $643,300 |
| Gaithersburg | 69,825 | $112,467 | 8.8% | $496,500 |
| Bethesda | 69,397 | $192,237 | 4.3% | $1,169,900 |
| Rockville | 67,671 | $128,649 | 7.6% | $682,300 |
| Aspen Hill | 53,279 | $111,575 | 9.7% | $570,000 |
| Wheaton | 52,926 | $111,478 | 13.1% | $501,200 |
| North Bethesda | 49,677 | $129,092 | 5.2% | $731,800 |
| Potomac | 45,902 | $236,675 | 3.9% | $1,157,000 |
| Olney | 35,797 | $171,458 | 4.3% | $656,600 |
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 |
|---|---|---|---|---|---|
| Chevy Chase View | 1,063 | $250,000+ | $1,414,600 | 90.8% | 0.3% |
| Martin's Additions | 1,012 | $250,000+ | $1,535,200 | 94.0% | 6.1% |
| Highland | 972 | $250,000+ | $914,000 | 80.8% | 3.4% |
| Galesville | 1,062 | $205,205 | $752,200 | 54.3% | 2.7% |
| Garrett Park | 932 | $250,000+ | $1,005,700 | 88.3% | 2.3% |
Population Overview
Somerset is a small community located in Maryland, within Montgomery County. The total population is 1,088. It ranks as the 321st most populous out of 527 Census-designated places in Maryland.
Age Demographics
The median age in Somerset is 51.2 years. This is 30% higher than the state median of 39.4 years.
Economy, Income & Housing
The median household income in Somerset is $250,000+. This is 141% higher than the state median of $103,678. It is also 210% higher than the national median of $80,734. The poverty rate stands at 1.9%. This is 80% lower than the state poverty rate of 9.4%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 2.3%. This is 52% lower than the state rate of 4.9%. The median home value is $1,775,000. Housing costs are 323% higher than the state median of $419,900. The home-value-to-income ratio of 7.1x suggests that housing affordability is a significant concern for many residents. 87.8% of occupied housing units are owner-occupied. This homeownership rate is 30% higher than the state average of 67.6%.
Race & Ethnicity
The largest racial or ethnic group in Somerset is White (non-Hispanic), making up 81.3% of the population. Hispanic or Latino residents account for 6.2%. The White (non-Hispanic) population is significantly higher than the state average (81.3% vs 46.6%). The Black or African American population (1.9%) is well below the state average of 28.9%. The Hispanic or Latino population (6.2%) is well below the state average of 12.5%.
Education
93.7% of residents aged 25 and older hold a bachelor's degree or higher. This places Somerset in the top 10% of all cities in the state for educational attainment. This is 116% higher than the state rate of 43.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. No surveyed resident aged 25 or older reported leaving school before earning a high school diploma, though a rate of exactly 100% reflects the limits of a small sample. Notably, 68.5% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Somerset, Maryland 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 Maryland state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 527 Census-designated places in Maryland. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Somerset, Maryland?
Somerset, Maryland has a population of 1,088 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Somerset, MD?
The median household income in Somerset is $250,000+, which is 210% higher than the national median of $80,734.
What is the poverty rate in Somerset, MD?
The poverty rate in Somerset is 1.9%. This means approximately 21 residents live below the federal poverty line.
What is the racial makeup of Somerset, Maryland?
Somerset's population is 81.3% White, 1.9% Black, 6.2% Hispanic/Latino, and 4.3% Asian.
What is the median home value in Somerset, MD?
The median home value in Somerset is $1,775,000. The home-value-to-income ratio is 7.1x.
How educated is Somerset, Maryland?
93.7% of adults (25+) in Somerset hold a bachelor's degree or higher, and 68.5% hold a graduate or professional degree.