The median household income in Somerset, MD in 2022 was $235,548, which was 59.7% greater than the median annual income of $94,991 across the entire state of Maryland. Compared to the median income of $144,523 in 2000 this represents an increase of 38.6%. The per capita income in 2022 was $150,358, which means an increase of 45.2% compared to 2000 when it was $82,368.
Whole page based on the data from 2000 / 2022 when the population of Somerset, Maryland was 1,124 / 1,024
Income statistics for all residents
Median household income in Somerset, MD in 2022:
Somerset:
$235,548
State:
$94,991
Change in median household income between 2000 and 2022:
Somerset, Maryland:
+63.0%
Maryland:
+79.7%
Number of households with income < $10k:
Somerset:
0.6% (2)
State:
4.8% (114,450)
Number of households with income $10k - 20k:
Somerset:
1.7% (6)
Maryland:
5.0% (117,883)
Number of households with income $20k - 30k:
Somerset:
0.0% (0)
State:
5.2% (123,350)
Number of households with income $30k - 40k:
Somerset:
3.3% (12)
State:
5.6% (134,104)
Number of households with income $40k - 50k:
Somerset:
1.7% (6)
Maryland:
5.6% (132,932)
Number of households with income $50k - 60k:
Somerset:
0.8% (3)
Maryland:
5.6% (132,707)
Number of households with income $60k - 75k:
Somerset:
1.4% (5)
State:
7.9% (188,335)
Number of households with income $75k - 100k:
Somerset:
4.4% (16)
State:
12.5% (297,873)
Number of households with income $100k - 125k:
Somerset:
0.6% (2)
Maryland:
10.5% (250,497)
Number of households with income $125k - 150k:
Somerset:
8.0% (29)
State:
8.1% (193,208)
Number of households with income $150k - 200k:
Somerset:
8.5% (31)
Maryland:
11.6% (274,905)
Number of households with income > $200k:
Somerset:
69.1% (251)
State:
17.5% (415,740)
Aggregate household income in Somerset in 2022: $149,168,842
Median family income in Somerset in 2022:
Somerset:
$245,719
State:
$117,294
Number of families with income $50k - 60k:
Somerset:
1.1% (3)
State:
5.0% (77,590)
Number of families with income $75k - 100k:
Somerset:
3.4% (10)
State:
12.0% (185,255)
Number of families with income $100k - 125k:
Somerset:
0.7% (2)
Maryland:
11.2% (173,203)
Number of families with income $125k - 150k:
Somerset:
2.4% (7)
Maryland:
9.3% (143,453)
Number of families with income $150k - 200k:
Somerset:
7.4% (21)
State:
14.2% (218,861)
Number of families with income > $200k:
Somerset:
85.0% (237)
Maryland:
23.2% (359,182)
Median non-family income in Somerset in 2022:
Somerset:
$127,867
Maryland:
$57,179
Change in median non-family income between 2000 and 2022:: -4.7%
Somerset, Maryland:
-4.7%
State:
+75.1%
Median per capita income in Somerset in 2022:
Somerset:
$150,358
State:
$49,236
Change in median per capita income between 2000 and 2022:
Somerset, Maryland:
+82.5%
State:
+92.2%
Income statistics for White residents
Median household income in Somerset, MD in 2022:
Somerset:
$238,878
State:
$107,160
Change in median household income between 2000 and 2022:
Somerset, Maryland:
+69.2%
State:
+85.3%
Number of households with income < $10k:
Somerset:
1.0% (3)
Maryland:
3.7% (47,387)
Number of households with income $10k - 20k:
Somerset:
0.3% (1)
State:
4.1% (52,102)
Number of households with income $20k - 30k:
Somerset:
0.0% (0)
Maryland:
4.6% (58,758)
Number of households with income $30k - 40k:
Somerset:
1.0% (3)
Maryland:
4.7% (59,745)
Number of households with income $40k - 50k:
Somerset:
1.3% (4)
State:
5.0% (62,576)
Number of households with income $50k - 60k:
Somerset:
1.0% (3)
State:
5.1% (64,484)
Number of households with income $60k - 75k:
Somerset:
1.3% (4)
Maryland:
7.7% (97,019)
Number of households with income $75k - 100k:
Somerset:
5.3% (16)
State:
11.8% (149,205)
Number of households with income $100k - 125k:
Somerset:
0.7% (2)
Maryland:
10.6% (134,231)
Number of households with income $125k - 150k:
Somerset:
8.6% (26)
State:
8.8% (111,081)
Number of households with income $150k - 200k:
Somerset:
9.6% (29)
Maryland:
12.9% (162,966)
Number of households with income > $200k:
Somerset:
69.9% (211)
State:
20.9% (264,377)
Aggregate household income in Somerset in 2022: $125,699,928
Median family income in Somerset in 2022:
Somerset:
$254,679
Maryland:
$134,708
Number of families with income $50k - 60k:
Somerset:
1.3% (3)
Maryland:
4.1% (33,120)
Number of families with income $75k - 100k:
Somerset:
4.0% (9)
State:
11.3% (91,779)
Number of families with income $100k - 125k:
Somerset:
0.7% (2)
State:
11.3% (91,483)
Number of families with income $125k - 150k:
Somerset:
1.9% (5)
State:
9.9% (80,832)
Number of families with income $150k - 200k:
Somerset:
8.0% (19)
State:
16.0% (130,295)
Number of families with income > $200k:
Somerset:
84.1% (200)
Maryland:
28.1% (228,324)
Median non-family income in Somerset in 2022:
Somerset:
$128,327
State:
$61,991
Change in median non-family income between 2000 and 2022:: -4.4%
Somerset, Maryland:
-4.4%
State:
+76.8%
Median per capita income in Somerset in 2022:
Somerset:
$167,045
Maryland:
$59,750
Change in median per capita income between 2000 and 2022:
Somerset, Maryland:
+92.8%
State:
+104.5%
Income statistics for Black or African American residents
Aggregate household income in Somerset in 2022: $8,069,244
Median per capita income in Somerset in 2022:
Somerset:
$149,133
Maryland:
$40,756
Change in median per capita income between 2000 and 2022:
Somerset, Maryland:
+17.9%
Maryland:
+113.5%
Income statistics for Asian residents
Aggregate household income in Somerset in 2022: $2,476,643
Median family income in Somerset in 2022:
Somerset:
$250,892
State:
$137,857
Median per capita income in Somerset in 2022:
Somerset:
$77,742
State:
$53,546
Change in median per capita income between 2000 and 2022:: -7.6%
Somerset, Maryland:
-7.6%
State:
+122.9%
Income statistics for Hispanic or Latino residents
Median household income in Somerset, MD in 2022:
Somerset:
$234,299
State:
$82,138
Number of households with income < $10k:
Somerset:
0.0% (0)
State:
3.7% (6,871)
Number of households with income $10k - 20k:
Somerset:
0.0% (0)
State:
2.9% (5,465)
Number of households with income $20k - 30k:
Somerset:
0.0% (0)
State:
5.9% (11,012)
Number of households with income $30k - 40k:
Somerset:
0.0% (0)
Maryland:
7.9% (14,668)
Number of households with income $40k - 50k:
Somerset:
0.0% (0)
Maryland:
7.6% (14,074)
Number of households with income $50k - 60k:
Somerset:
0.0% (0)
State:
7.6% (14,166)
Number of households with income $60k - 75k:
Somerset:
0.0% (0)
State:
9.9% (18,486)
Number of households with income $75k - 100k:
Somerset:
15.8% (3)
State:
16.1% (30,032)
Number of households with income $100k - 125k:
Somerset:
0.0% (0)
State:
9.4% (17,432)
Number of households with income $125k - 150k:
Somerset:
10.5% (2)
Maryland:
7.5% (13,963)
Number of households with income $150k - 200k:
Somerset:
0.0% (0)
State:
10.1% (18,750)
Number of households with income > $200k:
Somerset:
73.7% (14)
Maryland:
11.4% (21,133)
Aggregate household income in Somerset in 2022: $10,805,084
Median family income in Somerset in 2022:
Somerset:
$220,237
Maryland:
$80,127
Number of families with income $75k - 100k:
Somerset:
14.8% (3)
State:
14.6% (21,440)
Number of families with income $125k - 150k:
Somerset:
9.6% (2)
Maryland:
6.9% (10,202)
Number of families with income > $200k:
Somerset:
75.7% (13)
Maryland:
11.6% (17,028)
Median per capita income in Somerset in 2022:
Somerset:
$112,258
Maryland:
$29,024
Income statistics for Multirace residents
Number of households with income < $10k:
Somerset:
0.0% (0)
State:
4.8% (6,469)
Number of households with income $10k - 20k:
Somerset:
0.0% (0)
State:
3.3% (4,464)
Number of households with income $20k - 30k:
Somerset:
0.0% (0)
State:
5.8% (7,826)
Number of households with income $30k - 40k:
Somerset:
48.7% (19)
Maryland:
8.1% (11,077)
Number of households with income $40k - 50k:
Somerset:
0.0% (0)
State:
4.3% (5,895)
Number of households with income $50k - 60k:
Somerset:
0.0% (0)
Maryland:
3.9% (5,346)
Number of households with income $60k - 75k:
Somerset:
0.0% (0)
State:
6.7% (9,159)
Number of households with income $75k - 100k:
Somerset:
0.0% (0)
State:
13.6% (18,420)
Number of households with income $100k - 125k:
Somerset:
0.0% (0)
State:
12.9% (17,488)
Number of households with income $125k - 150k:
Somerset:
5.1% (2)
State:
8.1% (11,039)
Number of households with income $150k - 200k:
Somerset:
0.0% (0)
Maryland:
11.5% (15,675)
Number of households with income > $200k:
Somerset:
46.2% (18)
State:
17.0% (23,059)
Aggregate household income in Somerset in 2022: $10,609,897
Median family income in Somerset in 2022:
Somerset:
$237,207
State:
$110,784
Number of families with income $125k - 150k:
Somerset:
9.8% (2)
State:
9.0% (8,509)
Number of families with income > $200k:
Somerset:
90.2% (19)
State:
20.9% (19,875)
Median per capita income in Somerset in 2022:
Somerset:
$75,324
State:
$35,630
Income statistics for other residents
Median per capita income in Somerset in 2022:
Somerset:
$102,349
State:
$24,415
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-4.7%
+75.1%
