Personal loans in Somerset, MD

The Census estimates 1,177 residents in Somerset, which ranks it 94th of 157 places in Maryland. Work out your debt-to-income ratio first; lenders weigh it heavily, and Somerset's 1,177 residents are no exception. Somerset lost roughly 0.8% of its population across the 2020-to-2023 comparison. A lender that serves Somerset operates under Maryland lending statutes and a Maryland supervisor. A larger market lies at Chevy Chase Village, MD about 1 miles away.

What the Census records for Somerset

The figures below are Somerset's own — Census population, land area and coordinates — followed by the Maryland rules.

• Population: a Census-estimated 1,177, 94th among Maryland's 157 places (Vintage 2023).
• Population trend: About 0.8% below the 2020 Census base.
• Net change: roughly 10 fewer people than the 2020 Census counted.
• Size percentile: roughly 40% of Maryland's places have fewer residents than Somerset's 1,177.
• Density: roughly 4,264 residents per square mile, spread over 0.3 sq mi of land.
• Land area rank: Somerset's 0.3 square miles rank 129th of 157 places in Maryland.
• Within Maryland: about 0.1% of the state's population lives in Somerset.
• National rank: Somerset sits 9,626th by population among the 19,457 places in this dataset.
• Growth rank: Somerset ranks 93rd among Maryland's 157 places for the 2020-to-2023 change.
• State comparison: Maryland's places average +0.7% for 2020-to-2023, against Somerset's 0.8%.
• Density rank: Somerset is the 32nd most densely settled place in Maryland.
• Against the state median: Somerset runs about 4,264 residents per square mile, where the Maryland median is 1,734.
• Location: the Census Gazetteer records it at 38.9666, -77.0963.
• Nearest larger cities: Chevy Chase Village (1 mi); Chevy Chase (1 mi); Kensington (4 mi); Takoma Park (5 mi); Washington (6 mi). Larger metros often have more branches, but online lenders reach Somerset on the same terms.
• Nearest smaller places: Chevy Chase Section Three (1 mi); Chevy Chase Section Five (2 mi); Martin's Additions (2 mi).
• Smaller neighbours: 33 places smaller than Somerset sit within 50 miles.
• Within 100 miles: 236 places are larger than Somerset.

Lender access in Somerset

Somerset is fairly dense, with about 4,264 people per square mile and 73 larger places within 50 miles. Whether Somerset has a local branch or not, a Maryland-licensed lender can serve its 1,177 people online on the same terms. For a larger market, the closest option is Chevy Chase Village, MD about 1 miles away.

The anatomy of a Somerset personal loan

With roughly 1,177 residents, Somerset is a small community; its personal loans are typically unsecured, priced from your credit rather than the city's size. Federal Truth in Lending rules require a Somerset lender to disclose the APR and finance charge before you sign. Because the payment is fixed, the total cost of a Somerset loan is knowable in advance — unlike a revolving card balance.

The Maryland lending rules that reach Somerset

These are Maryland's sourced lending facts as they reach Somerset's 1,177 residents; the state has no city-level rate rule.

Somerset: area, density and distance

Inside Somerset's boundaries lie about 0.3 square miles of land, with no significant water area recorded. The resulting density is about 4,264 people per square mile. For the state's biggest city, Baltimore, the distance is roughly 35 miles. Somerset has 73 larger places within a 50-mile radius. The 100-mile radius contains 236 larger places.

Somerset's place among Maryland's 157 places

Set beside Maryland's 157 places, Somerset ranks 94th by population and holds about 0.1% of the state total. Its 2020-to-2023 change ranks 93rd of 157 Maryland places, putting it near the 41th percentile for growth. By density, at about 4,264 people per square mile, it ranks 32nd in Maryland. By land area, its 0.3 square miles rank 129th of 157 places in Maryland.