Somerset, IN Profile: Facts & Data

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Somerset, Indiana - Basic Facts

The Somerset Census Designated Place had a population of 421 as of July 1, 2018. Somerset ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

The primary coordinate point for Somerset is located at latitude 40.6703 and longitude -85.8312 in Wabash County. The formal boundaries for the Somerset Census Designated Place (see map below) encompass a land area of 0.66 sq. miles and a water area of 0.14 sq. miles. Wabash County is in the Eastern time zone (GMT -5). The elevation is 810 feet.

The Somerset Census Designated Place (GNIS ID: 2631626) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Somerset Census Designated Place is located within Township of Waltz, a minor civil division (MCD) of Wabash County.

Alternate Unofficial Names for Somerset: Springfield, Twin Springs.

Jump to... (On This Page!)
  1. Somerset 2018 Demographic Data
  2. Growth Rates for Somerset (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Indiana Research Tools (Easy Tools & Current Data)
  3. Indiana Data Comparison Tool - 2018 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2018, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Somerset, IN Data & Demographics (As of July 1, 2018)

POPULATION

Total Population 421
Population in Households 421
Population in Familes 364
Population in Group Qrtrs 0
Population Density2 635
Diversity Index3 7
 

INCOME

Median Household Income $47,306
Average Household Income $64,938
Per Capita Income $26,769

HOUSING

Total Housing Units 211 (100%)
Owner Occupied HU 157 (74.4%)
Renter Occupied HU 33 (15.6%)
Vacant Housing Units 21 ( 10.0%)
Median Home Value $159,375
Average Home Value $156,646
 

HOUSEHOLDS

Total Households 190
Average Household Size 2.22
Family Households 141
Average Family Size 3
NOTES
  1. Demographics are point estimates for July 1st of the current year and each for the forecast years. See References for more information.
  2. Population Density = Total Population per square mile.
  3. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.

GROWTH RATE / YEAR

2010-2018 2018-2023
Population 0.59% 0.0%
Households 0.66% 0.11%
Families 1.57% 0.0%
Median Household Income   2.81%
Per Capita Income   3.17%

Somerset, IN - Peer Comparisons by Rank and Percentile

The table below compares Somerset to the other 680 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2018 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 506 26th
Population Density # 542 20th
Diversity Index # 513 25th
Median Household Income # 442 35th
Per Capita Income # 246 64th

Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.

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