Somerset County, Maine
Income Data
At a Glance
How Somerset County Compares
Detailed Income Statistics
Data Story
About Household Income in Somerset County, Maine
Somerset County income below U.S. average
Somerset County's median household income of $56,199 falls 24.8% below the national median of $74,755. Like much of rural Maine, the county experiences economic headwinds from limited job sectors.
Third-lowest income statewide
Somerset County earns $10,673 less than Maine's state median of $66,872, ranking among the state's economically challenged counties. Only Washington and Piscataquis counties report lower median household income.
Lowest-earning inland county cluster
Somerset's $56,199 median ranks slightly above Piscataquis ($55,234) but well below Oxford ($57,933) and significantly trails Penobscot ($63,248). Western Maine's interior counties face shared economic constraints.
Rental burden approaches critical threshold
At 18.9%, Somerset County's rent-to-income ratio matches Penobscot's and signals housing stress for renters. Combined with low per-capita income of $32,452, unexpected expenses quickly deplete household reserves.
Focus on financial stability first
Somerset County residents should establish three-month emergency reserves before aggressive investing, given income volatility common in rural areas. Credit unions and community banks often offer accessible savings and loan products designed for modest-income households.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Somerset County median
County median: $56,199 per year
vs. County Median
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vs. State Average
-16%
vs. National Median
-25%
Income Adequacy
Your monthly income ($4,683) vs. median rent ($887/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.