EconPulse

place

Somerset town, Maryland

MD · population 1,088 · GEOID 2473350

No score yet. It is computed when the file is built.

Unemployment (somerset county) is worse than the national figure. Median gross rent is worse than the national figure.

U.S. Census Bureau · American Community Survey 5-Year · B01003 · 2020-2024 · ±155 · pulled 2026-10-31

data 2026.10 · built 2026-10-31 · pulled 2026-10-31

Population

1,088

0.02% of Maryland · 1,088 of 6,206,011

Receipt U.S. Census Bureau · American Community Survey 5-Year · B01003 · 2020-2024 · ±155 · pulled 2026-10-31

Unemployment (Somerset County)

4.2%

+0.2 pts above the United Statesworse

2024-012026-09

This placeUnited States

Table, 32 periods
Unemployment (Somerset County), against United States
PeriodThis placeUnited StatesMargin
2024-014.5%4.1%—
2024-024.4%4.2%—
2024-034.2%3.9%—
2024-043.4%3.5%—
2024-053.5%3.7%—
2024-064.7%4.3%—
2024-074.8%4.5%—
2024-084.7%4.4%—
2024-093.8%3.9%—
2024-104.2%3.9%—
2024-114.5%4.0%—
2024-124.1%3.8%—
2025-015.5%4.4%—
2025-025.1%4.5%—
2025-034.6%4.2%—
2025-044.3%3.9%—
2025-054.4%4.0%—
2025-065.1%4.4%—
2025-075.3%4.6%—
2025-085.4%4.5%—
2025-095.0%4.3%—
2025-114.6%4.3%—
2025-124.1%4.1%—
2026-015.4%4.7%—
2026-025.8%4.7%—
2026-035.0%4.3%—
2026-045.2%4.0%—
2026-054.2%4.1%—
2026-064.8%4.4%—
2026-074.9%4.4%—
2026-084.4%4.3%—
2026-094.2%4.0%—

Receipt U.S. Bureau of Labor Statistics · Local Area Unemployment Statistics · LAUCN240390000000003 · 2026-09 · pulled 2026-10-31

Median gross rent

$3,501

worse than the United States

This place $3,501
Maryland $1,705
United States $1,413

Receipt U.S. Census Bureau · American Community Survey 5-Year · B25064 · 2020-2024 · pulled 2026-10-31

Output (Somerset County)

$1.2B

+16.3% vs 2023

20162024
Table, 9 periods
Output (Somerset County)
PeriodOutput (Somerset County)Margin
2016$1.0B—
2017$885.7M—
2018$892.3M—
2019$852.2M—
2020$853.3M—
2021$951.0M—
2022$1.2B—
2023$1.1B—
2024$1.2B—

Maryland $546.0B · this place is 0.23% of the state

This measure has no national series.

Receipt U.S. Bureau of Economic Analysis · BEA Regional, CAGDP2 · CAGDP2-1 · 2024 · pulled 2026-10-31

Federal obligations (Somerset County)

$5.2M

−42.5% vs FY2025

FY2021FY2026
Table, 6 periods
Federal obligations (Somerset County)
PeriodFederal obligations (Somerset County)Margin
FY2021$15.5M—
FY2022$22.4M—
FY2023$23.5M—
FY2024$28.8M—
FY2025$9.1M—
FY2026$5.2M—

This measure has no state or national series.

Receipt USAspending.gov · Federal award obligations by county · spending_by_geography · FY2026 · pulled 2026-10-31

More about this place

Median age 51.2 U.S. Census Bureau · 2020-2024
Bachelor's degree or higher 93.7% U.S. Census Bureau · 2020-2024
Poverty rate 1.9% U.S. Census Bureau · 2020-2024
Labor force participation 64.5% U.S. Census Bureau · 2020-2024
Median home value $1.8M U.S. Census Bureau · 2020-2024
Unemployment rate, five-year average 2.3% U.S. Census Bureau · 2020-2024
Consumer price index (United States) 336 U.S. Bureau of Labor Statistics · 2026-09-01
30-year fixed mortgage rate (United States) 7.2% Freddie Mac · 2026-10-29
Share of Maryland 0.02% U.S. Census Bureau · 2020-2024