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The total population of Somerset township is estimated to be 692 with 374 males (54.05%) and 318 females (45.95%). There are 56 less females than males in Somerset township.
The median household income in Somerset township was $88,094 in 2021, which marked an a decrease of 1,613(1.80%) from $89,707 in 2020. This income is 118.08% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Somerset township sees its highest median household income among householders in the age group of 45 to 64 years old, at $114,510. Overall, the median household income for the township of Somerset township stands at $88,094.
In Somerset township, the median income for all workers aged 15 years and older, regardless of work hours, was $45,263 for males and $39,859 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $63,166 for males and $57,949 for females.
In Somerset township, population is primarily represented by White households, reporting a median income of $88,365.
In 2022, the population of Somerset township was 720, a 0.55% decrease year-by-year from 2021. Previously, in 2021, Somerset township's population was 724, a decline of 0.41% compared to a population of 727 in 2020.
The median age in Somerset Township, Minnesota is 51.4, as per 2021 ACS 5-Year Estimates. Of the total population, 19.69% were under the age of 15, 15.47% aged 15 to 29, 44.87% aged 30 to 64, 17.44% aged 65 to 84, and 2.53% were 85 years of age and older.
Racial distribution of Somerset township population: 98.59% are White and 1.41% are multiracial.