Somerset (Tas.)

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Based on reviews of ABS demographic updates for the surrounding region alongside fresh addresses confirmed by Districts post-Census, the suburb of Somerset (Tas.) has an estimated population of approximately 4,175 in May 2026. This indicates a rise of 108 residents (2.7%) from the 2021 Census, which counted 4,067 citizens. This variation is calculated from a resident population of 4,169, which Districts projected by analyzing the ABS June 2025 ERP data release and tracking an extra 52 validated new addresses following the Census. This population level translates to a density of 155 persons per square kilometer, offering substantial personal space and possibilities for future growth. The 2.7% post-census growth rate in the suburb of Somerset (Tas.) is within 0.5 percentage points of the broader SA3 region (3.2%), indicating healthy growth foundations. Population expansion locally was largely fueled by interstate migration, which accounted for roughly 83.0% of the total demographic gains in recent times.

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Somerset features a balanced mix of professional and industrial workers, with a solid footprint in key service industries, an unemployment rate sitting at just 3.7%, and an estimated annual job growth of 3.1%, derived from Districts summaries of regional data. In March 2026, 1,952 local citizens were employed, with the unemployment rate tracking 0.2% below the Regional Tas. level of 3.9%, while labor force participation is slightly suppressed (55.8% compared to 58.8% across Regional Tas.). According to Census feedback, a minimal 5.2% of the local workforce operated from home, though the influence of Covid-19 restrictions must be kept in mind.

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The most recent postcode-level ATO statistics compiled by Districts for financial year 2023 show that personal earnings in Somerset track below the national average, with a median of $49,921 and a mean of $58,506. This compares to Regional Tas. averages of $49,689 for the median and $59,358 for the mean. Factoring in Wage Price Index growth of 10.95% since financial year 2023, current estimates would sit at roughly $55,387 for the median and $64,912 for the mean in March 2026. The 2021 Census reveals that household, family, and individual earnings in Somerset all place between the 7th and 12th percentiles nationwide. The income structure shows the largest cluster contains 29.7% of residents (1,239 people) earning in the $400 - 799 bracket, differing from regional trends where fall within the - tier. Once housing costs are met, of earnings remain, though this metric ranks in just the th percentile nationally.

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The mix of housing types in Somerset at the time of the latest Census consisted of 89.9% standalone houses and 10.1% alternative dwellings (townhouses, apartments, and other types), mirroring the Regional Tas. breakdown of 89.9% houses and 10.1% other dwellings. Meanwhile, the home ownership rate in Somerset aligned with the Regional Tas. level of 41.1%, with the remaining properties being purchased under a mortgage (30.7%) or occupied by renters (28.2%). The median monthly home loan payment in the area sat below the Regional Tas. benchmark at $1,192, while the median weekly rental cost was recorded at $240, compared to $1,274 and $250 in Regional Tas. respectively. Nationally, Somerset's mortgage obligations are far lower than the Australian median of $1,863, while rent costs are also well below the national median of $375.

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Families represent the major share of households at 65.1%, consisting of 20.7% couples with children, 31.7% couples without children, and 12.2% single parent households. Non-family living arrangements account for the remaining 34.9%, with single-person households at 32.8% and group housing making up 2.2% of the total. The median household size of 2.2 individuals is slightly smaller than the Regional Tas. average of 2.3.

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Educational markers point to notable hurdles in the area, with university completion rates (12.6%) sitting significantly below the Australian average of 30.4%. This highlights both a difficulty and a clear opening for targeted educational programs. Bachelor degrees represent the largest segment at 8.8%, with postgraduate degrees at 2.3% and graduate diplomas at 1.5%. Practical and vocational credentials are highly visible, with 39.7% of residents aged 15+ holding trade qualifications, consisting of advanced diplomas (8.8%) and certificates (30.9%).

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Public transit assessment indicates 32 active transport stops are located in Somerset, consisting of a mix of bus services. These stops are connected to 83 distinct routes, which combine to support 5,699 weekly passenger journeys. Transit accessibility is classified as good, with locals generally living 241 meters from their closest stop. As a major residential area, the vast majority of workers travel outside the suburb, with private cars remaining the primary travel mode at 96%. Households own an average of 1.4 vehicles. A minor 5.2% of residents work from home (2021 Census; potentially reflecting COVID-19 settings).

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Medical statistics indicate notable difficulties facing Somerset, based on Districts evaluations of mortality patterns and chronic illness rates, with common conditions present across both younger and older generations, and the rate of private health insurance coverage sitting relatively low at roughly 50% of the population (~2,102 people). The national average stands at 55.7%.

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Somerset exhibits lower levels of ethnic diversity compared to wider averages, with 91.5% of residents born in Australia, 92.5% holding citizenship, and 97.6% speaking only English at home. Christianity is the primary religion, followed by 43.1% of the local population. However, the most pronounced statistical overrepresentation is seen in Judaism, which accounts for no residents, compared to 0.1% across Regional Tas..

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With a median age of 48, Somerset is slightly older than the Regional Tas. level of 45 and substantially older than the national median of 38. The 55 - 64 age bracket is highly represented at 16.6% compared to Regional Tas., while the 35 - 44 cohort is less common at 9.7%. This 55 - 64 cohort concentration sits far above the national benchmark of 11.2%. Since the 2021 Census, the 55 to 64 bracket has expanded from 15.3% to 16.6% of the population, while the 65 to 74 group rose from 13.5% to 14.8%. In contrast, the 5 to 14 cohort shrank from to . Demographic projections suggest the age profile of Somerset will change substantially by . The to cohort is expected to grow strongly, adding individuals () to rise from to . Significantly, the combined cohorts aged + will account for of the total population growth, illustrating the aging trend of the area. On the other hand, contractions are projected for the to and to brackets.

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Somerset currently has an estimated 179 children under 5 years old, comprising approximately 103 children aged 0-2 and 68 children aged 3-4. This cohort declined by an estimated 15% since the previous census. while population forecasts indicate future decline, with an anticipated decrease of 20% by 2041 (to approximately 144 children). Meanwhile the 5-12 cohort currently amounts to 319. Birth rates in the area have averaged 8.2 per 1,000 residents over the latest two-year period, a low rate (among the bottom 30% of areas assessed nationally). This rate has slowed down slightly in recent years however.