There are a number of small businesses in Somerset, almost all of which are on the main drag, such as a woodworking company and a mining, forestry and agricultural machinery company. There are sports facilities for football and tennis in the village. In front of Sommerset there is a quartz sand beach with a dune.
Since there is only one elementary school in Sommerset, students must take Tasmania's metro to secondary schools in either Wynyard or Burnie. Burnie Airport is about a 15-minute drive away in Wynyard.