What is the median household income in Somerset, OH?
The median household income in Somerset, OH is $55,208 (±$16,640) a year (2020–2024 American Community Survey).
Paying the median gross rent of $819 a month would take about $32,800 a year at the common guideline of spending no more than 30% of income on rent.
In Somerset, the median household income went from $49,516 in 2015–2019 to $55,208 in 2020–2024 (+11.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $55,208 (±$16,640)
- Median renter income
- $19,934 (±$9,523)
- Income to afford median rent
- about $32,800
Income in Somerset against Perry County, its state and the nation
| Somerset | Perry County | Ohio | United States | |
|---|---|---|---|---|
| Median household income | $55,208 (±$16,640) | $67,460 (±$5,445) | $71,389 (±$321) | $80,734 |
| Median renter household income | $19,934 (±$9,523) | $33,371 (±$7,196) | $42,829 (±$325) | $52,966 |
| Median owner household income | $83,611 (±$31,723) | $79,077 (±$4,543) | $90,122 (±$343) | $100,009 |
| Median gross rent | $819 (±$131) | $777 (±$44) | $1,034 (±$5) | $1,413 |
In Somerset, median household income is not measurably different from Perry County ($67,460).
It is not measurably different from Ohio ($71,389).
It is lower than the national figure ($80,734).
In Perry County, Somerset ranks 14 of 24 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1856 of 2,325.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Somerset
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $819 a month ($9,828 a year) needs an income of about $32,800 a year.
The median renting household in Somerset earns $19,934 a year, less than that.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $49,516 (±$11,721) | $55,208 (±$16,640) | +11.5% | No measurable change after inflation |
| Median gross rent | $600 (±$249) | $819 (±$131) | +36.5% | No measurable change after inflation |
| Median home value | $121,400 (±$19,572) | $225,000 (±$60,317) | +85.3% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Somerset
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Somerset | — | $55,208 (±$16,640) | — |
| Reading Township | 1.9 mi | $71,875 (±$17,329) | Not measurably different |
| Hopewell Township (Perry County) | 4.4 mi | $95,927 (±$23,201) | Higher |
| Glenford | 5.6 mi | $92,500 (±$41,909) | Not measurably different |
| Clayton Township | 5.8 mi | $44,740 (±$39,198) | Not measurably different |
| Junction City | 5.9 mi | $53,125 (±$11,089) | Not measurably different |
| Madison Township (Perry County) | 7.1 mi | $71,042 (±$21,147) | Not measurably different |
| Richland Township (Fairfield County) | 7.3 mi | $94,396 (±$32,931) | Higher |
| Rushville | 7.5 mi | $73,843 (±$2,238) | Higher |
Nearby places with a measurably higher figure: Hopewell Township (Perry County), OH ($95,927), Richland Township (Fairfield County), OH ($94,396), Rushville, OH ($73,843).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Perry County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 8 | Reading Township | $71,875 (±$17,329) |
| 9 | Madison Township (Perry County) | $71,042 (±$21,147) |
| 10 | Pleasant Township (Perry County) | $67,273 (±$23,587) |
| 11 | Pike Township (Perry County) | $58,843 (±$17,572) |
| 12 | Salt Lick Township | $56,346 (±$25,173) |
| 13 | Coal Township (Perry County) | $55,893 (±$17,940) |
| 14 | Somerset | $55,208 (±$16,640) |
| 15 | Junction City | $53,125 (±$11,089) |
| 16 | New Straitsville | $52,692 (±$7,323) |
| 17 | Shawnee | $52,656 (±$24,298) |
| 18 | Harrison Township (Perry County) | $48,741 (±$2,757) |
| 19 | Crooksville | $47,411 (±$7,533) |
| 20 | Roseville | $44,792 (±$10,926) |
Showing 13 of 24 places in Perry County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Somerset
What is the median household income in Somerset?
The median household income in Somerset is $55,208 (±$16,640) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Somerset?
About $32,800 a year, if rent is to stay at or below 30% of income at the median gross rent of $819 a month.
Have incomes in Somerset kept up with inflation?
In Somerset, the median household income went from $49,516 in 2015–2019 to $55,208 in 2020–2024 (+11.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Somerset?
The median renting household in Somerset, OH earns $19,934 (±$9,523) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Somerset village, Ohio
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Somerset village, Ohio
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Somerset village, Ohio
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Somerset village, Ohio
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Somerset village, Ohio
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Somerset village, Ohio
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Somerset village, Ohio (place:72977, in state:39).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Somerset at a glance
- Median rent in Somerset
- Rent burden in Somerset
- Renters and owners in Somerset
- Home values in Somerset
- Homeowner costs in Somerset
- Property taxes in Somerset
- Types of homes in Somerset
- Bedrooms in Somerset
- Age of homes in Somerset
- Heating fuel in Somerset
- Commute and cars in Somerset
- Population growth in Somerset
- How long people stay in Somerset
- Ohio landlord and tenant rules
- Housing across Perry County
- Ohio places ranked by median household income
- Housing data for every place in Ohio