Cost of Living in Somerset, MA
Population 18,246 · Massachusetts · Data vintage 2023
(100 = US avg)
Somerset is a smaller Massachusetts community of around 18000 residents, where median household incomes of $111,720 and housing costs ($389,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 2.5% points to a labor market well on the tight side of the national distribution.
Geographically, Somerset sits roughly 13 miles west of New Bedford. Median home values run roughly 20% higher than New Bedford's $324,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Somerset
The median home value in Somerset is $389,400 — 28% above the national median of $305,000. Median rent runs $1,313/month, equal to than the national median of $1,314/month. The median household income of $111,720/year is 50% higher than the US median of $74,580. The local unemployment rate is 2.5%, below the national average of 4.8%. Massachusetts's top state income tax rate is 9.0% and the combined sales tax is 6.3%. Overall, Somerset has a cost of living index of 117 versus the US average of 100, meaning it is 17% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Somerset, MA?
Somerset has a cost index of 117 (100 = national average). It is 17% above the national average.
What is average rent in Somerset, MA?
The median gross rent in Somerset is $1,313 per month based on 2023 Census data.
What is the average home price in Somerset?
The median home value in Somerset is $389,400 according to Zillow and Census data.
What is the median income in Somerset?
The median household income in Somerset is $111,720 per year (2023 ACS 5-year estimates).
What is the sales tax in Somerset, MA?
The combined state and local sales tax rate in Somerset is 6.3%. The Massachusetts state income tax top rate is 9.0%.
Is Somerset, MA affordable?
Somerset is above average in cost of living, with an index of 117 — about 17% higher than the national average.
Somerset at a Glance
- Population
- 18,246
- Median Income
- $111,720
- Home Value
- $389,400
- Median Rent
- $1,313/mo
- Unemployment
- 2.5%
- Sales Tax
- 6.3%
Nearby Cities
Explore county-level cost of living data
Massachusetts Rankings
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