Starting a Business in Somerset County, ME

What does it cost to start a business in Somerset County? Here are the numbers.

Avg Startup Cost

$40,145

Monthly Overhead

$1,274

Est. Break-Even

30 mo

Runway

32 mo

Local Business Economics

Cost Factors

Commercial Rent (est.)$1,274/mo
Median Household Income$53,527
Property Tax Rate1.2%

Population (market size)50,656

Market Context

Median Home Value$150,500
Homeownership Rate76.8%
Median Rent$849/mo

CountySomerset County

About Somerset County, Maine

Somerset County in Maine has a population of 50,656 and a median household income of $53,527. The moderate population offers opportunities for niche businesses with less competition.

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.

Analyze Your Business Viability in Somerset County

Enter your startup costs, revenue projections, and industry details to get a comprehensive viability analysis with Monte Carlo simulation, break-even modeling, and cash flow projections.

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Other Counties in Maine

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: SBA, BLS. Estimates based on county-level medians. This is not financial advice.