County profile
Somerset County, PA
United States · GDP 2024
#971 of 3,127 US counties by GDP29th-percentile growthmore diversified than 93% of counties
EA Place Score
——methodology in progress
GDP 2024 (USD)
$3.0B
BEA · 2024
GDP growth (YoY)
+2.0%
BEA · 2024
Jobs tracked
18,678
Census CBP · 2023
Employers
1,647
Census CBP · 2023
Avg. wage
$49.0k
BLS QCEW · 2023
Population
72,004
Census PEP · 2025
Labor, income & education
Unemployment
4.1%
Median HH income
$61.4k±$1.8k
Bachelor's degree+
17.9%±1.2%
Poverty rate
11.0%±1.2%
Business applications
577 · 2025
Retail establishments
236
32.7/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
1Somerset Trust Holding CompanyFinancial Services$153.0M60CHQ-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 care24%
Manufacturing22%
Retail trade20%
Food & accommodation14%
Other services11%
Finance & insurance9%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
72,004
residents · 2025 · -2.7% since 2020
Income per capita $51.4k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+324
International migration+108
Natural change−2,360
GDP trend
2019–2024 · nominal
$2.6B2019
$2.4B2020
$2.6B2021
$2.8B2022
$3.0B2023
$3.0B2024
Real estate & risk
FHFA · ACS · FEMA
Median home value
$150.6k±$5.3k
Median gross rent
$753/mo±$35/mo
Vacancy rate
22.5%±1.2%
Affordability
3.1× wages
Residential permits
$20.6M
57 units · 0.8/1k pop
FEMA risk score
64.2
HUD Fair Market Rent (2BR):$973/mo · 2026
TOP PERILS · FEMA NRI
Landslide 81Lightning 80Winter weather 75
FHFA HOUSE PRICE INDEX · 2016–2025
1692016
1732017
1762018
1802019
1842020
2012021
2242022
2312023
2392024
2842025
RESIDENTIAL PERMITS · 2021–2025
↓ -12% since 2021652021
932022
622023
722024
572025
Transport access
BTS · FAA · USACE
Nearest interstate
2.3 km
I-76
Nearest freight rail
4.9 km
CSXT
Nearest port
70.4 km
MON RIVER INDUSTRIAL PARK - ALLENPORT PA
Nearest commercial airport
41.5 km
JOHN MURTHA JOHNSTOWN/CAMBRIA COUNTY
Wage trend
BLS QCEW · 2019–2023$49.0k
avg. annual pay · +18% 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 $3.0B in 2024, growing 2.0% year over year — slower than 71% 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.