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Somerset, Maryland

town · Montgomery County (primary) , Anne Arundel County, Calvert County, Carroll County, Frederick County, Howard County, Worcester County

At a glance

1,088
Population
$1,775,000
Median home value (all homes)
485% above U.S. median
$619,247
Typical market value
Zillow, county-wide, 2026-07
$3,501/mo
Median rent
160% above U.S. median
$250,001
Median household income
218% above U.S. median
33 min
Average commute
99.5%
Homes with broadband
99.32%
Locations with fiber available
2.3%
Unemployment

Cost of living (Clay Affordability Index)

CAI 248 — 148% above the national average. how it's computed

Housing503% above
Goods & services4% above
Utilities35% above
Taxes28% above
Insurance6% below
Commute cost21% above
For business: Maryland is CBII band 3/5 · time to build band 3/5. See state page for the breakdown.

Living here

Nearest 4-year college2 mi
Nearest community college5 mi
Nearest technical college4 mi
High school graduates100%
College graduates93.7%

Doing business here

Economic development contacts, most local first:

county Anne Arundel Economic Development
AAEDC helps businesses start, grow, and thrive in Anne Arundel County through funding, expert guidance, key resources, and strong connections that move at the speed of your business.
county Calvert County Economic Development
The Calvert County Department of Economic Development monitors economic trends and works to execute business programs that complement Calvert County. The department’s goal is to attract and retain strong, healthy and dynamic companies of all sizes and industries. The Calvert County Department of Economic Development provides a number of resources to support the growth and development of county businesses. Free services include: Online commercial real estate listings and reports Confidential in-house counseling Marketing assistance Ombudsman program Training and educational seminars State of the economy reports JobsEQ reports by Chmura Economics and Analytics (Chmura) Chmura is a leading economic advisory and software development firm. Their software platform, JobsEQ, provides occupation, industry, education, demographic, and real-time jobs posting data. It is Chmura’s mission to empower organizations with better decision making through high quality, timely, and accurate data. Financial referrals and loan prep assistance Incentive and loan funds Coordination of federal, state and local resources
county Frederick County Economic Development
Frederick County Office of Economic Development helps businesses start, locate, and expand in Frederick County by connecting them with federal, state, and local resources, providing leadership and resources for businesses to start, locate and expand.
county Howard County Economic Development
The HCEDA is a public-private partnership committed to fostering economic growth and innovation. HCEDA supports existing and relocating companies with resources, market insights and growth opportunities, and acts as a liaison, connecting businesses to public and private economic development and planning organizations, and advocating for policies that strengthen Howard County’s economy and quality of life.
county Montgomery County Economic Development
A 501(c)3 non-profit charity founded in 2004 with the mission to increase the economic standard of living and quality of life in Montgomery County by providing educational opportunities and additional support to the general public and businesses.
county Worcester County Economic Development
Located in Snow Hill Maryland, Worcester’s Economic Development Office serves business owners, employers and entrepreneurs throughout the county. Under the direction of the County Council and Administrator, the office develops partnerships and programs to support businesses on Maryland’s Coast.
state Maryland Department of Commerce
The Maryland Department of Commerce is the state's primary economic development agency that stimulates private investment and creates jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing workforce training and financial assistance to Maryland companies. It also promotes Maryland’s commercial advantages and quality of life to spur economic development, international investment, trade and tourism.
state Maryland Economic Development Association
The Maryland Economic Development Association (MEDA) enhances the knowledge and skills of its members, encourages partnerships and networking among people committed to bringing jobs and capital to Maryland, and promotes economic development as an investment in Maryland. MEDA is a nonprofit organization of economic development professionals.
state Maryland Technology Development Corporation
TEDCO provides funding, resources and connections that early-stage technology and life sciences companies need to thrive in Maryland. It identifies, invests in, and helps grow technology companies in Maryland.
State sales taxYes
State income taxYes
Right-to-work stateNo

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