Somerset is located in Steele County, Minnesota. Somerset has a 2025 population of 701 . Somerset is currently declining at a rate of -0.85% annually and its population has decreased by -3.58% since the most recent census, which recorded a population of 727 in 2020.
The average household income in Somerset is $116,089 with a poverty rate of 3.83%. The median age in Somerset is 44.8 years: 40.8 years for males, and 48.9 years for females. For every 100 females there are 122.6 males.
Data after 2023 is projected based on recent change
The racial composition of Somerset includes 97.2% White, and smaller percentages for Two or more races, Asian and multiracial populations.
White (97.2%)
Two or more races (2.06%)
Asian (0.74%)
Race | Population | Percentage (of total) |
|---|---|---|
| White | 660 | 97.2% |
| Two or more races | 14 | 2.06% |
| Asian | 5 | 0.74% |
Married
Widowed
Divorced
Separated
Never Married
Somerset's average per capita income is $59,643. Household income levels show a median of $90,000. The poverty rate stands at 3.83%.
Name | Median | Mean |
|---|---|---|
| Married Families | $119,583 | - |
| Families | $104,205 | $123,051 |
| Households | $90,000 | $116,089 |
| Non Families | $36,625 | $81,811 |
Average Income
Median Household Income
Poverty Rate