Cost of Living in Somerset, WI
Population 3,084 · Wisconsin · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Somerset a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $271,000. An unemployment rate of 1.6% points to a labor market well on the tight side of the national distribution.
Geographically, Somerset sits roughly 25 miles east of St. Paul. Housing prices track closely with St. Paul's $280,000 median.
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 $271,200 — 11% below the national median of $305,000. Median rent runs $1,127/month, 14% lower than the national median of $1,314/month. The median household income of $76,176/year is 2% higher than the US median of $74,580. The local unemployment rate is 1.6%, below the national average of 4.8%. Wisconsin's top state income tax rate is 7.7% and the combined sales tax is 5.4%. Overall, Somerset has a cost of living index of 88 versus the US average of 100, meaning it is 12% less expensive.
Somerset has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Somerset, WI?
Somerset has a cost index of 88 (100 = national average). It is 12% below the national average.
What is average rent in Somerset, WI?
The median gross rent in Somerset is $1,127 per month based on 2023 Census data.
What is the average home price in Somerset?
The median home value in Somerset is $271,200 according to Zillow and Census data.
What is the median income in Somerset?
The median household income in Somerset is $76,176 per year (2023 ACS 5-year estimates).
What is the sales tax in Somerset, WI?
The combined state and local sales tax rate in Somerset is 5.4%. The Wisconsin state income tax top rate is 7.7%.
Is Somerset, WI affordable?
Yes, Somerset is generally considered affordable, with a cost of living index of 88 — about 12% below the US national average of 100.
Somerset at a Glance
- Population
- 3,084
- Median Income
- $76,176
- Home Value
- $271,200
- Median Rent
- $1,127/mo
- Unemployment
- 1.6%
- Sales Tax
- 5.4%
Nearby Cities
Explore county-level cost of living data
Wisconsin Rankings
Similar Cost Cities
Cities in other states with comparable housing costs