Somerset employment information

IndexSomersetMarylandNational
Income per capita$108,976$37,756$29,829
Median household income$250,001$76,067$55,322
Median income owner occupied$250,001$95,994$70,586
Median income renter occupied$250,001$47,333$35,192
Median earnings male$150,682$46,495$36,919
Median earnings female$66,250$35,612$26,250
Unemployment rate0.4%4.5%4.7%
Poverty level2.5%9.9%15.1%
The Somerset, MD employment information can be a key indicator when searching for a new job. A good indicator of the strength of the job market is the income per capita and the median household income. The income per capita in Somerset is $108,976, which is 189% higher than than the Maryland average and 265% higher than than the national average. The median household income is $250,001, which is 229% higher than than the Maryland average and 352% higher than than the national average. The unemployment rate in Somerset is 0%, which is 91% lower than than the national average. The poverty rate in Somerset is 2% which is 84% lower than than the national average.

am i middle class

$Input your household income
$166,650$250,001$500,002
City
$50,706$76,067$152,134
State
$36,877$55,322$110,644
Nation
According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

Did you know?

  • The income per capita in Somerset is 265% higher than the national average.
  • The median household income in Somerset is 352% higher than the national average.
  • Male median earnings are 41% higher than female median earnings.
  • The unemployment rate in Somerset is 91% lower than the national average.
  • The poverty level in Somerset is 84% lower than the national average.

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Compare Somerset, MD Employment To Other Cities

Employment status

Hours worked per week

Somerset median earnings by income bracket

Somerset employment by industry

Labour TypeMaleFemale
Construction industry0.0%1.4%
Manufacturing sector0.9%1.4%
Financial & insurance services8.8%2.2%
Wholesale & retail services3.2%3.6%
Public administration24.9%20.1%
Transportation, warehousing & utilities0.0%1.4%
Education, health & social services15.8%29.4%
Other44.2%35.5%

Nearby cities with high median household income

City, StatePopulationHousehold IncomeNational Avg.
Chevy Chase Village, MD2,030$250,001352%
Chevy Chase Section Five, MD641$250,001352%
Chevy Chase town, MD2,948$250,001352%
Martin's Additions, MD912$250,001352%
Chevy Chase Section Three, MD733$245,625344%
Somerset, MD1,215$250,001352%

Cities with similar population

City, StatePopulationHousehold IncomeNational Avg.
North Webster, IN1,215$41,63225%
New Fairview, TX1,216$55,4550%
Waynoka, OK1,216$57,0833%
Yellville, AR1,216$28,86148%
Converse, IN1,216$32,66341%
Somerset, MD1,215$250,001352%
Source: The Somerset, MD employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).