Cost of Living in Somerset, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
112.3
100 = national avg
+12.3 vs national average
Living Wage (1 Adult)
$49,392
per year
Living Wage (Family of 4)
$116,745
per year
Cost Index by Category
Housing114.9
Food107.6
Transportation115.2
Healthcare106.1
Utilities107.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,177
per month
2 Bedroom
$1,426
per month
The overall cost of living index in Somerset is 112.3, which is 12.3% above the national average. Housing costs are above the national average at an index of 114.9. A single adult needs to earn approximately $49,392 per year to cover basic expenses.