Cost of Living in Somerset County, MD

What does it cost to live in Somerset County? Income, housing, and affordability breakdown.

Median Income

$52,149

Median Rent

$934/mo

Median Home

$157,200

Affordability

441

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$795
Property Tax$138
Insurance$52

Total Monthly$985
% of Income22.7%

Renting

Median Rent$934
Renter's Insurance$25

Total Monthly$959
% of Income21.5%

Living in Somerset County, Maryland

Somerset County has a median household income of $52,149 with housing costs that represent 22.7% of income for owners and 21.5% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 441 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Maryland

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.