Loading Content...
Demographic Analysis of Somerset, Colorado: Predominantly White Population with Minor Racial Shifts
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Somerset, Colorado, is a small community with a population of 316 as of 2022, covering an area of 0.19 square miles. The community is categorized as having "Low Diversity" based on recent data. In 2022, 91% of the population identified as white, indicating a strong White Majority. The median income for the area in 2022 was $82,712.
Over the past decade, Somerset has maintained its status as a community with Low Diversity, with the white population consistently comprising over 75% of the total. From 2013 to 2019, there was a slight increase in diversity, with the white population decreasing from 94% to 76% at its lowest point in 2017. During this period, there was an increase in the Native American population, peaking at 12% in 2018 and 2019. Since 2020, there has been a trend back towards Low Diversity, with the white population increasing to 91% by 2022.
The median income in Somerset has shown significant volatility over the past decade. In 2013, the median income was $72,749. It peaked at $104,687 in 2021, an increase of over 40% from 2013. However, it decreased to $82,712 in 2022, still higher than the 2013 level but a significant drop from the previous year. These economic changes do not appear to strongly correlate with the minor demographic shifts observed.
Somerset's demographic makeup is less diverse than the national average. The community's economic status appears to be above the national median income, which was around $70,000 in 2021.
Based on the observed trends, Somerset will likely continue to be categorized as a community with Low Diversity in the near future. The white majority has strengthened in recent years, and there is no clear indication of a reversal of this trend. Economically, given the observed volatility, it is challenging to predict future income levels with certainty. However, the overall trend suggests that the community will likely maintain its relatively affluent status.
If any transition were to occur, it might be towards a "Transitional Community" category, but this would require consistent increases in minority populations over several years, which is not currently evident in the data. The community would need to see sustained growth in Hispanic, multiracial, or other minority populations to move in this direction.
Somerset appears to be a stable, predominantly white, affluent small community that has experienced some minor demographic fluctuations and significant income volatility over the past decade, but has largely maintained its overall character and composition.
