Somerset, WI
Population 3,084 · Wisconsin
About Somerset, WI
Somerset is a small town located in Wisconsin with a population of 3,084 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,176 per year, which is 1% above the national median of $75,149. The median age of 27.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Somerset features a median home value of $271,200, which is 11% above 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 $1,127, 3% below the national average of $1,163/month. Of the 1,289 total housing units, 58% are owner-occupied (674 units) and 42% are renter-occupied (484 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Somerset shows an unemployment rate of 1.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 10.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Somerset have an average one-way commute time of 27.6 minutes.
Education & Demographics
24.3% of Somerset residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 3.8% White, 0.9% Hispanic or Latino, 0.5% Black or African American, and 0.0% Asian residents, with 1.4% of the population being foreign-born.
Cost of Living in Somerset, WI
Compared to national averages, Somerset has a median household income of $76,176 (1% above the national median of $75,149). Home values average $271,200, which is 11% above the national median. Monthly rent at $1,127 is 3% below the US average of $1,163. Within Wisconsin, Somerset's income is 5% above the state average of $72,579, and home values are 32% above the state median of $205,802.
Why Live in Somerset, WI?
Somerset offers a strong local economy with a median household income of $76,176, well above the national average, and rent that’s lower than the national average at $1,127/month, and a strong job market with an unemployment rate of just 1.6%. Additionally, the city features a low poverty rate of 10.2%, better than the national average.
Somerset has a population of 3,084 with a median age of 27.8 years. Compare Somerset with other cities to see how it stacks up, or explore all cities in Wisconsin.
Similar Cities Near Somerset
Cities in Wisconsin with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Oostburg | 3,077 | $87,276 | $230,400 | Compare |
| Lake Wissota | 3,103 | $101,445 | $318,300 | Compare |
| New Holstein | 3,104 | $61,086 | $165,900 | Compare |
| Ladysmith | 3,152 | $40,104 | $88,800 | Compare |
| Hortonville | 3,180 | $90,446 | $231,700 | Compare |
| Oconto Falls | 2,979 | $47,786 | $145,100 | Compare |
| Genoa City | 2,967 | $88,958 | $230,900 | Compare |
| Williams Bay | 2,967 | $70,568 | $397,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Wisconsin
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Somerset
What is the population of Somerset, WI?
The population of Somerset, WI is 3,084 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Wisconsin.
What is the median household income in Somerset?
The median household income in Somerset, WI is $76,176 per year, which is 1% above the national median of $75,149.
What is the median home value in Somerset?
The median home value in Somerset, WI is $271,200, which is 11% above 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, WI is $1,127, which is 3% below the national average of $1,163/month.
What is the unemployment rate in Somerset?
The unemployment rate in Somerset, WI is 1.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Somerset, WI a good place to live?
Somerset offers above-average incomes, a competitive housing market, and a strong job market. With a population of 3,084 and a median age of 27.8, the city appeals to young professionals and families.
How educated is Somerset, WI?
24.3% 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, WI: median home value is $271,200 (11% above national), median rent is $1,127/month, and median household income is $76,176. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Somerset?
The poverty rate in Somerset, WI is 10.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Somerset, WI?
Somerset's population is 3.8% White, 0.9% Hispanic or Latino, 0.5% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.4% of residents are foreign-born.