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Economic Atlas
Places/PA/Somerset
County profile

Somerset

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
GDP growth
+2.0%
Jobs tracked
18,678
Employers
1,647
Avg. wage
$49.0k
Population
72,004
Labor & formation
Unemployment
3.9%
Median HH income
$61.4k±$1.8k
Business applications
577 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA

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 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
$2.6B
2019
$2.4B
2020
$2.6B
2021
$2.8B
2022
$3.0B
2023
$3.0B
2024

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
57 (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
169
2016
173
2017
176
2018
180
2019
184
2020
201
2021
224
2022
231
2023
239
2024
284
2025
Wage trend
BLS QCEW · 2019–2023
$49.0k
avg. annual pay · +18% since 2019
Similar US counties
nearest by GDP
Jefferson$3.0BHenry + Martinsville$3.0BPulaski$3.0BMarion$3.0BJessamine$3.1BEffingham$3.0B
The read

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.
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