Somerset, TX
Population 2,048 · Texas
About Somerset, TX
Somerset is a small town located in Texas with a population of 2,048 residents according to the latest US Census Bureau American Community Survey data. The median household income is $75,337 per year, which is 0% above the national median of $75,149. The median age of 39.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Somerset features a median home value of $164,700, which is 33% below the national median of $244,900. This positions Somerset in a moderately priced market relative to the rest of the country. Median monthly rent is $1,129, 3% below the national average of $1,163/month. Of the 690 total housing units, 69% are owner-occupied (443 units) and 31% are renter-occupied (196 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Somerset shows an unemployment rate of 7.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 15.4%, above the national average of 12.4%. Workers in Somerset have an average one-way commute time of 32.5 minutes.
Education & Demographics
13.7% of Somerset residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 81.1% White, 6.6% Hispanic or Latino, 0.2% Black or African American, and 3.1% Asian residents, with 12.3% of the population being foreign-born.
Cost of Living in Somerset, TX
Compared to national averages, Somerset has a median household income of $75,337 (0% above the national median of $75,149). Home values average $164,700, which is 33% below the national median. Monthly rent at $1,129 is 3% below the US average of $1,163. Within Texas, Somerset's income is 4% above the state average of $72,726, and home values are 22% below the state median of $211,769.
Why Live in Somerset, TX?
Somerset offers a strong local economy with a median household income of $75,337, well above the national average, and affordable housing with a median home value of $164,700, below the US average of $244,900, and rent that’s lower than the national average at $1,129/month.
Somerset has a population of 2,048 with a median age of 39.6 years. Compare Somerset with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Somerset
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Arcola | 2,050 | $73,778 | $182,700 | Compare |
| Cooper | 2,045 | $40,189 | $85,200 | Compare |
| Ganado | 2,045 | $45,513 | $178,500 | Compare |
| Little River-Academy | 2,044 | $73,750 | $162,800 | Compare |
| West Tawakoni | 2,057 | $55,938 | $64,800 | Compare |
| Dalworthington Gardens | 2,061 | $138,542 | $499,500 | Compare |
| Buna | 2,030 | $66,339 | $111,700 | Compare |
| Hedwig Village | 2,029 | $184,141 | $1,458,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Somerset With Other Cities
Frequently Asked Questions about Somerset
What is the population of Somerset, TX?
The population of Somerset, TX is 2,048 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Texas.
What is the median household income in Somerset?
The median household income in Somerset, TX is $75,337 per year, which is 0% above the national median of $75,149.
What is the median home value in Somerset?
The median home value in Somerset, TX is $164,700, which is 33% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Somerset?
The median monthly rent in Somerset, TX is $1,129, which is 3% below the national average of $1,163/month.
What is the unemployment rate in Somerset?
The unemployment rate in Somerset, TX is 7.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Somerset, TX a good place to live?
Somerset offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 2,048 and a median age of 39.6, the city appeals to a broad range of residents.
How educated is Somerset, TX?
13.7% of residents in Somerset aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Somerset?
Key cost-of-living indicators for Somerset, TX: median home value is $164,700 (33% below national), median rent is $1,129/month, and median household income is $75,337. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Somerset?
The poverty rate in Somerset, TX is 15.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Somerset, TX?
Somerset's population is 81.1% White, 6.6% Hispanic or Latino, 0.2% Black or African American, 3.1% Asian, and 0.0% two or more races. 12.3% of residents are foreign-born.