Somerset

Population: 241
Median household income: $105,272

Somerset is a community in Wabash County, Indiana, home to 241 residents. At $105,272, its median household income sits above Wabash County's $68,414.

From 2019 to 2023, Somerset's population declined 42.6% from 420 to 241.

The median gross rent is $603. 18.3% of adults 25 and older hold a bachelor's degree or higher.

Demographics

ACS 2019–2023

Population: 241
Median age: 56.9 yrs
Median household income: $105,272
Median home value: —
Median gross rent: $603
Housing units: 144
Homeownership rate: 77.5%
Bachelor's degree or higher: 18.3%
Unemployment rate: 0.0%

Trends

ACS 5-year · 2019–2023

Population

420241

Median household income

$71,667$105,272

Median home value

$122,900$123,200

Median gross rent

$434$603

Year	Population	Median household income	Median home value	Median gross rent
2019	420	$71,667	$122,900	—
2020	380	$71,300	$107,000	—
2021	361	$76,250	$113,900	$434
2022	285	$81,500	$123,200	$498
2023	241	$105,272	—	$603

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 59.1%

5 to 170.0%

18 to 240.0%

25 to 3416.6%

35 to 440.0%

45 to 549.5%

55 to 6424.5%

65 to 7424.9%

75 and over15.4%

	Count	Share
Under 5	22	9.1%
5 to 17	0	0.0%
18 to 24	0	0.0%
25 to 34	40	16.6%
35 to 44	0	0.0%
45 to 54	23	9.5%
55 to 64	59	24.5%
65 to 74	60	24.9%
75 and over	37	15.4%

Race & ethnicity

	Count	Share
White (non-Hispanic)	190	78.8%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	10	4.1%
Hispanic or Latino (any race)	41	17.0%

Educational attainment (age 25+)

No high school diploma14.6%

High school graduate50.7%

Some college or associate's16.4%

Bachelor's degree18.3%

Graduate or professional degree0.0%

	Count	Share
No high school diploma	32	14.6%
High school graduate	111	50.7%
Some college or associate's	36	16.4%
Bachelor's degree	40	18.3%
Graduate or professional degree	0	0.0%

Commute to work

Drove alone100.0%

Carpooled0.0%

Public transit0.0%

Walked0.0%

Bicycle0.0%

Worked from home0.0%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	121	100.0%
Carpooled	0	0.0%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	0	0.0%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	9	7.4%
15 to 29 min	62	51.2%
30 to 44 min	40	33.1%
45 to 59 min	10	8.3%
60+ min	0	0.0%

Households

Average household size: 1.87
Poverty rate: 11.2% (27 of 241)

	Count	Share
Family households	74	57.4%
Nonfamily households	55	42.6%

Housing

Median year structure built: 1980

Occupancy

	Count	Share
Occupied	129	89.6%
Vacant	15	10.4%

Tenure (of occupied units)

	Count	Share
Owner-occupied	100	77.5%
Renter-occupied	29	22.5%

1-unit, detached79.9%

1-unit, attached0.0%

2 to 4 units11.8%

5 to 19 units8.3%

20 or more units0.0%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	115	79.9%
1-unit, attached	0	0.0%
2 to 4 units	17	11.8%
5 to 19 units	12	8.3%
20 or more units	0	0.0%
Mobile home & other	0	0.0%

Geography

Place GEOID: 1870524
Type (LSAD): 57
Land area: 0.68 sq mi
Water area: 0.14 sq mi
Center point: 40.6703, -85.8312