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Population & People
Population
11,998
Median age
39.8
Median household income
$34,704
Poverty rate
27.2%
Unemployment rate
8.7%
Bachelor's degree+
19.9%
Avg. commute
22 min
Hispanic or Latino
5.9%
Source: U.S. Census Bureau, American Community Survey.
Housing & Rent
Median home value
$144,000
Median gross rent
$775/mo
Homeownership rate
48.86%
HUD FMR — 2 bedroom
$984
HUD Fair Market Rent (Kentucky statewide average across 120 areas — not specific to Somerset), 2026. Efficiency $719, 1BR $794, 2BR $984, 3BR $1277, 4BR $1442. This is a different official figure from Census median gross rent above.
Energy
Kentucky commercial electricity
11.88¢/kWh
Kentucky industrial electricity
6.96¢/kWh
Kentucky residential electricity
13.24¢/kWh
Economy
Gross Domestic Product: All Industry Total
306897.4
Real Gross Domestic Product: All Industry Total
233243.1
All-Transactions House Price Index for Kentucky
588.4
Unemployment Rate
4.7%
Source: FRED, Kentucky-specific series.