Economy in Somerset, Kentucky
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Economy
| Unemployment Rate | 11.30% | 9.10% |
| Recent Job Growth | 2.52% | -0.12% |
| Future Job Growth | 33.74% | 31.25% |
| Sales Taxes | 6.00% | 6.80% |
| Income Taxes | 6.00% | 6.25% |
| Income per Cap. | $17,099 | $27,067 |
| Household Income | $26,695 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 30.93% | 12.10% |
| Income between 15K and 25K | 16.73% | 10.18% |
| Income between 25K and 35K | 13.61% | 10.56% |
| Income between 35K and 50K | 13.75% | 14.98% |
| Income between 50K and 75K | 13.53% | 19.53% |
| Income between 75K and 100K | 6.02% | 12.52% |
| Income between 100K and 150K | 3.87% | 12.14% |
| Income between 150K and 250K | 0.81% | 3.91% |
| Income between 250K and 500K | 0.66% | 3.34% |
| Income greater than 500K | 0.09% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 9.28% | 13.81% |
| Professional and Related Occupations | 29.20% | 22.68% |
| Service | 17.66% | 14.51% |
| Sales and Office | 26.13% | 25.22% |
| Farming, Fishing, and Forestry | 0.15% | 0.68% |
| Construction, Extraction, and Maintenance | 8.55% | 9.37% |
| Production, Transportation, and Material Moving | 17.60% | 15.86% |
The unemployment rate in Somerset, KY, is 11.30%, with job growth of 2.52%. Future job growth over the next ten years is predicted to be 33.74%.
Somerset, KY Taxes
Somerset, KY,sales tax rate is 6.00%. Income tax is 6.00%.
Somerset, KY Income and Salaries
The income per capita is $17,099, which includes all adults and children. The median household income is $26,695.
Somerset Economy SperlingViews
Facts on Somerset, Ky: These are facts on Somerset, Ky
Shopping: We have a mall that has roughly 25 stores that includes Belk Simpson and J.C. Penny's, and also 3 other shopping plazas... (read more)re: Think twice before retiring in Somerset - 4/4/: I agree. The taxes are no better here unless you enjoy paying taxes on boats and cars that you already purchased once. You pay them every year here and they keep finding... (read more)honestly....: I have lived here since 1989. My family moved me here from Chicago Ill when I was 5 years old. Growing up in this place, I can tell you first hand what you children will... (read more)Have an opinion about Somerset? Leave a commentTo See All SperlingViews for Somerset Click Here
