Personal loans in Somerset, WI

Personal loans in Somerset are mostly unsecured, so the APR reflects how a lender reads your credit — not the city's 3,220 population. By population, Somerset sits at 204th in Wisconsin, with an estimated 3,220 residents. From the 2020 Census base to the 2023 estimate, the population rose by about 6.8%. Begin with the payment, then weigh APR and total interest across the lenders that reach Somerset's 3,220 residents. The closest larger city is New Richmond, WI about 6 miles away.

Somerset: the sourced local profile

Most of what governs a Somerset loan is written in Wisconsin law rather than in the city; the sourced notes below make that split concrete.

• Population: 3,220 residents; Somerset is the 204th-largest of 605 places in Wisconsin (US Census Bureau, Vintage 2023).
• Population trend: Growth of about 6.8% across the 2020-to-2023 comparison.
• Absolute change: 204 residents added between 2020 and 2023.
• Size percentile: about 66% of Wisconsin's Census places are smaller than Somerset.
• Population density: about 970 people per square mile across 3.3 square miles of land (Census Gazetteer area, Vintage 2023 population).
• Land area rank: Somerset's 3.3 square miles rank 210th of 605 places in Wisconsin.
• State population share: Somerset accounts for about 0.1% of everyone in Wisconsin.
• National standing: Somerset ranks 6,055th of 19,457 US places.
• Growth rank: Somerset ranks 20th among Wisconsin's 605 places for the 2020-to-2023 change.
• Against the state trend: Somerset's 6.8% change compares with a Wisconsin average of +0.4% across its 605 places.
• Density rank: Somerset is the 236th most densely settled place in Wisconsin.
• Against the state median: Somerset runs about 970 residents per square mile, where the Wisconsin median is 800.
• Location: the Census Gazetteer records it at 45.1257, -92.6730.
• Nearest larger cities: New Richmond (6 mi); Stillwater (9 mi); Bayport (9 mi); Oak Park Heights (9 mi); North Hudson (10 mi). Any of them may have more branches, but statewide rules and your credit still set the price.
• Nearest smaller towns: Marine on St. Croix (7 mi); Star Prairie (8 mi); Roberts (12 mi) — useful context for the surrounding area.
• Smaller places within 50 miles: 82 of them.
• At 100 miles: 174 larger Census places fall inside that radius.

Steps to take before a Somerset loan

A sensible order of operations for a loan in Somerset, home to about 3,220 people:

1. Get all three reports, dispute anything wrong, and keep the corrected file for your applications.
2. Run the numbers on the personal loan calculator so you know the payment before you apply.
3. Collect three or more offers and compare them on APR, not on the advertised rate.
4. Verify the lender's Wisconsin licence with the regulator listed on this page.
5. Decide the purpose and how you will repay it before approaching any lender.
6. If the balances are already a strain, seek nonprofit credit counselling before adding a loan.
7. Read the disclosure for an origination fee and any prepayment penalty before signing.

The process is identical across Wisconsin; what changes is your credit file, not the fact that Somerset holds 3,220 people.

The Wisconsin lending rules that reach Somerset

Read the table as a lender's compliance picture for Somerset: the rule, the sourced figure, the publisher and the date.

Where Somerset sits in Wisconsin

Somerset is the 204th-largest of 605 Census places in Wisconsin and contains about 0.1% of the state's people. Its 2020-to-2023 change ranks 20th of 605 Wisconsin places, putting it near the 97th percentile for growth. At about 970 people per square mile, Somerset is the 236th most densely settled place in Wisconsin. Within 50 miles sit 82 smaller Census places, alongside the 111 that are larger.

Land, water and location for Somerset

The Census Gazetteer records about 3.3 square miles of land within Somerset, with no significant water area listed. With 3,220 residents, the land area yields roughly 970 people per square mile. Milwaukee, the largest place in Wisconsin, is about 274 miles from Somerset. Within 50 miles of Somerset there are 111 larger Census places. By land area it ranks 210th of 605 Wisconsin places.

What is available to Somerset borrowers

Somerset is a moderately settled community of about 3,220 people, with 111 larger places inside a 50-mile radius. A Wisconsin licence lets a lender serve Somerset without a local office, so branch density does not change what its 3,220 residents are offered. The nearest bigger place is New Richmond, WI about 6 miles away.