County profile
Somerset County, ME
United States · GDP 2024
#1118 of 3,127 US counties by GDP40th-percentile growthmore diversified than 65% of counties
EA Place Score
——methodology in progress
GDP 2024 (USD)
$2.4B
BEA · 2024
GDP growth (YoY)
+3.6%
BEA · 2024
Jobs tracked
12,763
Census CBP · 2023
Employers
1,211
Census CBP · 2023
Avg. wage
$51.8k
BLS QCEW · 2023
Population
51,620
Census PEP · 2025
Labor, income & education
Unemployment
3.6%
Median HH income
$58.2k±$3.0k
Bachelor's degree+
21.1%±1.5%
Poverty rate
14.2%±1.4%
Business applications
445 · 2025
Retail establishments
192
37.3/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
No public companies loaded for this state yet — universe expands with the full ingest.
HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).
Industry mix · employment
Manufacturing26%
Retail trade25%
Health care24%
Food & accommodation11%
Construction8%
Admin & support6%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
51,620
residents · 2025 · +2.3% since 2020
Income per capita $53.4k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+2,444
International migration+145
Natural change−1,461
GDP trend
2019–2024 · nominal
$1.8B2019
$1.9B2020
$2.0B2021
$2.2B2022
$2.4B2023
$2.4B2024
Real estate & risk
FHFA · ACS · FEMA
Median home value
$166.9k±$5.2k
Median gross rent
$910/mo±$45/mo
Vacancy rate
23.0%±1.1%
Affordability
3.2× wages
Residential permits
$26.2M
110 units · 2.1/1k pop
FEMA risk score
67.9
HUD Fair Market Rent (2BR):no HUD FMR published for this area
TOP PERILS · FEMA NRI
Winter weather 95Cold wave 92Ice storm 90
FHFA HOUSE PRICE INDEX · 2016–2025
1772016
1862017
1882018
2012019
2132020
2442021
2892022
3282023
3492024
3822025
RESIDENTIAL PERMITS · 2021–2025
↓ -18% since 20211342021
1522022
1352023
1182024
1102025
Transport access
BTS · FAA · USACE
Nearest interstate
90.5 km
I-95
Nearest freight rail
11.7 km
CPKC
Nearest port
122.7 km
BARRETT PAVING MATERIALS BANGOR WHARF
Nearest commercial airport
118.1 km
BANGOR INTL
Wage trend
BLS QCEW · 2019–2023$51.8k
avg. annual pay · +26% since 2019
Similar US counties
nearest by GDPNearby & same-state counties
by GDP rankThe read
What is the GDP of Somerset?
Somerset's economy produced $2.4B in 2024, growing 3.6% year over year — about the middle of the pack among US counties. Its largest employment sector is manufacturing.
GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.