Economy in Somerset, New York
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Economy
| Unemployment Rate | 9.00% | 9.10% |
| Recent Job Growth | -2.00% | -0.12% |
| Future Job Growth | 27.00% | 31.25% |
| Sales Taxes | 8.00% | 6.80% |
| Income Taxes | 6.85% | 6.25% |
| Income per Cap. | $21,701 | $27,067 |
| Household Income | $52,432 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 9.63% | 12.10% |
| Income between 15K and 25K | 9.74% | 10.18% |
| Income between 25K and 35K | 9.53% | 10.56% |
| Income between 35K and 50K | 18.86% | 14.98% |
| Income between 50K and 75K | 25.66% | 19.53% |
| Income between 75K and 100K | 10.65% | 12.52% |
| Income between 100K and 150K | 13.49% | 12.14% |
| Income between 150K and 250K | 1.62% | 3.91% |
| Income between 250K and 500K | 0.71% | 3.34% |
| Income greater than 500K | 0.10% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 9.03% | 13.81% |
| Professional and Related Occupations | 21.17% | 22.68% |
| Service | 14.86% | 14.51% |
| Sales and Office | 18.37% | 25.22% |
| Farming, Fishing, and Forestry | 3.19% | 0.68% |
| Construction, Extraction, and Maintenance | 12.94% | 9.37% |
| Production, Transportation, and Material Moving | 25.80% | 15.86% |
The unemployment rate in Somerset, NY, is 9.00%, with job growth of -2.00%. Future job growth over the next ten years is predicted to be 27.00%.
Somerset, NY Taxes
Somerset, NY,sales tax rate is 8.00%. Income tax is 6.85%.
Somerset, NY Income and Salaries
The income per capita is $21,701, which includes all adults and children. The median household income is $52,432.
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