Income & Economy in Somerset CDP, IN (46940)
Median Income
$69,135
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+134
Wealth inflow
Population
2,913
Unemployment
1.6%
2.1pp below US avg
IRS migration statistics show a net inflow of about 134 for ZIP 46940 (Somerset CDP, IN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 46940 (2020–Present)
Since 2020, population declined 5.2%, median income rose 3.1% (inflation-adjusted), home values increased 15.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $69,135 |
| Unemployment | 1.6% |
| Establishments | 29 |
| Employees | 279 |