Somerset, Indiana (46984) is a small town located in Pulaski County. The town has a variety of businesses to offer, such as Renaissance Realty Group, Pulaski County Chamber of Commerce and Somerset Community Services. The median two bedroom rent in Somerset, IN is $820 compared to the US median which is $1,430. Grocery Cost Index in Somerset is 95 versus 100 in the US. In general, Somerset has an average cost of living which makes it a great place for those who are looking for affordable housing.