County profile
Somerset County, MD
United States · GDP 2024
#1684 of 3,127 US counties by GDPtop-decile growthmore diversified than 38% of counties
EA Place Score
——methodology in progress
GDP 2024 (USD)
$1.2B
BEA · 2024
GDP growth (YoY)
+16.3%
BEA · 2024
Jobs tracked
4,141
Census CBP · 2023
Employers
360
Census CBP · 2023
Avg. wage
$56.1k
BLS QCEW · 2023
Population
24,973
Census PEP · 2025
Labor, income & education
Unemployment
4.8%
Median HH income
$64.9k±$8.3k
Bachelor's degree+
19.4%±2.5%
Poverty rate
16.4%±3.4%
Business applications
197 · 2025
Retail establishments
57
23.0/10k 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
Health care34%
Wholesale trade18%
Manufacturing16%
Retail trade15%
Food & accommodation8%
Construction8%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
24,973
residents · 2025 · +1.7% since 2020
Income per capita $41.4k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+619
International migration+233
Natural change−404
GDP trend
2019–2024 · nominal
$852.2M2019
$853.3M2020
$951.0M2021
$1.2B2022
$1.1B2023
$1.2B2024
Real estate & risk
FHFA · ACS · FEMA
Median home value
$173.2k±$13.0k
Median gross rent
$1.0k/mo±$79/mo
Vacancy rate
23.6%±3.0%
Affordability
3.1× wages
Residential permits
$7.6M
35 units · 1.4/1k pop
FEMA risk score
59.6
HUD Fair Market Rent (2BR):$1.2k/mo · 2026
TOP PERILS · FEMA NRI
Coastal flooding 93Hurricane 89Wildfire 86
FHFA HOUSE PRICE INDEX · 2016–2025
1642016
1602017
1712018
1762019
1872020
2042021
2442022
2552023
2642024
2842025
RESIDENTIAL PERMITS · 2021–2025
↓ -44% since 2021622021
392022
512023
472024
352025
Transport access
BTS · FAA · USACE
Nearest interstate
118.4 km
I-595
Nearest freight rail
6.5 km
DCR
Nearest port
13.7 km
VULCAN MATERIALS POCOMOKE, MD.
Nearest commercial airport
33.2 km
SALISBURY-OCEAN CITY WICOMICO RGNL
Wage trend
BLS QCEW · 2019–2023$56.1k
avg. annual pay · +17% since 2019
Similar US counties
nearest by GDPThe read
What is the GDP of Somerset?
Somerset's economy produced $1.2B in 2024, growing 16.3% year over year — faster than 97% of US counties. Its largest employment sector is health care.
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.