The median household income in Somerset, IN in 2022 was $81,029, which was 17.6% greater than the median annual income of $66,785 across the entire state of Indiana. Compared to the median income of $40,413 in 2000 this represents an increase of 50.1%. The per capita income in 2022 was $37,159, which means an increase of 51.0% compared to 2000 when it was $18,192.
Whole page based on the data from 2000 / 2022 when the population of Somerset, Indiana was 401 / 287
Income statistics for all residents
Median household income in Somerset, IN in 2022:
Somerset:
$81,029
Indiana:
$66,785
Change in median household income between 2000 and 2022:
Somerset, Indiana:
+100.5%
Indiana:
+60.7%
Number of households with income < $10k:
Somerset:
20.4% (29)
State:
5.6% (151,905)
Number of households with income $10k - 20k:
Somerset:
4.2% (6)
State:
7.1% (193,665)
Number of households with income $20k - 30k:
Somerset:
3.5% (5)
Indiana:
7.8% (213,166)
Number of households with income $30k - 40k:
Somerset:
0.0% (0)
State:
8.5% (231,051)
Number of households with income $40k - 50k:
Somerset:
0.0% (0)
Indiana:
8.4% (227,994)
Number of households with income $50k - 60k:
Somerset:
0.0% (0)
State:
7.7% (210,699)
Number of households with income $60k - 75k:
Somerset:
16.2% (23)
State:
10.3% (279,665)
Number of households with income $75k - 100k:
Somerset:
10.6% (15)
State:
14.1% (383,225)
Number of households with income $100k - 125k:
Somerset:
45.1% (64)
State:
10.3% (279,559)
Number of households with income $125k - 150k:
Somerset:
0.0% (0)
Indiana:
6.3% (172,553)
Number of households with income $150k - 200k:
Somerset:
0.0% (0)
Indiana:
7.3% (198,086)
Number of households with income > $200k:
Somerset:
0.0% (0)
State:
6.8% (184,921)
Aggregate household income in Somerset in 2022: $9,893,109
Median family income in Somerset in 2022:
Somerset:
$102,652
Indiana:
$84,508
Number of families with income < $10k:
Somerset:
10.1% (11)
State:
3.5% (60,982)
Number of families with income $60k - 75k:
Somerset:
21.5% (22)
State:
10.7% (185,712)
Number of families with income $75k - 100k:
Somerset:
14.6% (15)
State:
16.1% (280,434)
Number of families with income $100k - 125k:
Somerset:
53.8% (56)
Indiana:
12.7% (221,659)
Median income for 2 person families:
Somerset:
$81,303
State:
$74,513
Median income for families with 0 earners:
Somerset:
$79,173
Indiana:
$47,142
Median income for families with 1 earner:
Somerset:
$0
State:
$57,965
Median income for families with 2 earners:
Somerset:
$0
Indiana:
$105,808
Median income for families with 3+ earners:
Somerset:
$0
Indiana:
$137,927
Median non-family income in Somerset in 2022:
Somerset:
$18,207
State:
$39,768
Change in median non-family income between 2000 and 2022:: -18.0%
Somerset, Indiana:
-18.0%
State:
+67.9%
Median per capita income in Somerset in 2022:
Somerset:
$37,159
State:
$35,984
Change in median per capita income between 2000 and 2022:
Somerset, Indiana:
+104.3%
State:
+76.4%
Income statistics for White residents
Median household income in Somerset, IN in 2022:
Somerset:
$81,361
State:
$70,619
Change in median household income between 2000 and 2022:
Somerset, Indiana:
+102.0%
Indiana:
+65.2%
Number of households with income < $10k:
Somerset:
21.0% (29)
State:
4.5% (100,447)
Number of households with income $10k - 20k:
Somerset:
4.3% (6)
Indiana:
6.5% (144,216)
Number of households with income $20k - 30k:
Somerset:
3.6% (5)
Indiana:
7.5% (166,045)
Number of households with income $30k - 40k:
Somerset:
0.0% (0)
State:
8.1% (179,206)
Number of households with income $40k - 50k:
Somerset:
0.0% (0)
State:
8.1% (178,985)
Number of households with income $50k - 60k:
Somerset:
0.0% (0)
Indiana:
7.8% (171,865)
Number of households with income $60k - 75k:
Somerset:
15.9% (22)
State:
10.5% (231,572)
Number of households with income $75k - 100k:
Somerset:
10.9% (15)
Indiana:
14.6% (323,007)
Number of households with income $100k - 125k:
Somerset:
44.2% (61)
State:
10.6% (235,112)
Number of households with income $125k - 150k:
Somerset:
0.0% (0)
Indiana:
6.7% (148,936)
Number of households with income $150k - 200k:
Somerset:
0.0% (0)
State:
7.7% (170,750)
Number of households with income > $200k:
Somerset:
0.0% (0)
Indiana:
7.3% (160,805)
Aggregate household income in Somerset in 2022: $9,676,950
Median family income in Somerset in 2022:
Somerset:
$102,161
Indiana:
$88,109
Number of families with income < $10k:
Somerset:
9.6% (10)
State:
2.5% (35,020)
Number of families with income $60k - 75k:
Somerset:
21.9% (22)
State:
10.7% (152,202)
Number of families with income $75k - 100k:
Somerset:
14.8% (15)
State:
16.8% (237,844)
Number of families with income $100k - 125k:
Somerset:
53.6% (54)
State:
13.2% (187,178)
Median non-family income in Somerset in 2022:
Somerset:
$18,179
Indiana:
$41,009
Change in median non-family income between 2000 and 2022:: -17.6%
Somerset, Indiana:
-17.6%
State:
+69.4%
Median per capita income in Somerset in 2022:
Somerset:
$37,479
State:
$38,746
Change in median per capita income between 2000 and 2022:
Somerset, Indiana:
+105.5%
Indiana:
+82.8%
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-18.0%
+67.9%
