Starting a Business in Somerset County, MD
What does it cost to start a business in Somerset County? Here are the numbers.
Avg Startup Cost
$39,112
Monthly Overhead
$1,401
Est. Break-Even
30 mo
Runway
28 mo
Local Business Economics
Cost Factors
Commercial Rent (est.)$1,401/mo
Median Household Income$52,149
Property Tax Rate1.1%
Population (market size)24,672
Market Context
Median Home Value$157,200
Homeownership Rate67.5%
Median Rent$934/mo
CountySomerset County
About Somerset County, Maryland
Somerset County in Maryland has a population of 24,672 and a median household income of $52,149. The smaller market may favor service-oriented businesses or online ventures.
These are starting estimates based on county-level data. Your actual startup costs depend on your industry, business model, location within the county, and dozens of other factors. Use our calculator for a detailed viability analysis.
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