2025 Compare Cities Economy:
Franklin, NC vs Somerset, KY

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Highlights
- Household income in Somerset, is 17% less than it is in Franklin and is 129% below the National Average.
- Franklin unemployment rate is 4.2%.
- Somerset unemployment rate is 5.5%.
 Franklin, NCSomerset, KYUnited States
 Unemployment Rate  Unlock5.5%6.0%
 Recent Job Growth  Unlock1.7%1.6%
 Future Job Growth30.4%  Unlock33.5%
 Sales Taxes6.8%  Unlock6.2%
 Income Taxes  Unlock6.0%4.6%
 Income per Cap.$24,593  Unlock$37,638
 Household Income  Unlock$30,107$69,021
 Family Median Income$55,647  Unlock$85,028
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 Est. Households By Income
 Franklin, NCSomerset, KYUnited States
 Income Less Than 15K  Unlock23.2%9.4%
 Income between 15K and 20K8.6%  Unlock3.8%
 Income between 20K and 30K  Unlock20.2%8.1%
 Income between 30K and 40K17.0%  Unlock8.0%
 Income between 40K and 50K  Unlock5.2%7.6%
 Income between 50K and 60K4.5%  Unlock7.2%
 Income between 60K and 75K  Unlock4.6%9.6%
 Income between 75K and 100K10.5%  Unlock12.8%
 Income between 100K and 150K  Unlock7.4%16.3%
 Income between 150K and 200K1.8%  Unlock7.8%
 Income greater than 200K  Unlock3.9%9.5%
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 Population By Occupation
 Franklin, NCSomerset, KYUnited States
 Management, business, finance13.0%  Unlock16.4%
 Engineering, computers, science  Unlock2.7%6.5%
 Community, social services1.8%  Unlock1.8%
 Legal  Unlock1.4%1.2%
 Education, library3.1%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock4.1%2.0%
 Healthcare practitioners and technology3.0%  Unlock6.2%
 Healthcare support  Unlock2.3%3.3%
 Firefighters, law enforcement0.9%  Unlock2.1%
 Food preparation, serving  Unlock9.6%5.4%
 Building maintenance11.1%  Unlock3.6%
 Personal care  Unlock3.1%2.6%
 Sales, office, administrative support17.9%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair12.5%  Unlock8.1%
 Production, transportation, material moving  Unlock13.0%13.1%
Reviews for Franklin    4 Reviews

Great mountain town. Friendly people and lots to do.  More

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Over 10 years ago

I agree with some of the posts on here saying that Franklin is more than willing to take your money, but it's difficult to fit in if you 'aren't from around here, are  More

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Franklin will welcome you if you are a vacationer but move here and it is a whole different story. We are one of those families that would vacation here every year and  More

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Reviews for Somerset    7 Reviews

Over 11 years ago

There is certainly a small town atmosphere here. It seems as if there is a high percentage of the population that wants to get Somerset "on the map", but they want to do  More

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Over 15 years ago

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  More

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Over 17 years ago

I wanted to post facts on somerset on my previous post because sometimes on bestplaces.net it is just opinions and those can be misleading or one-sided. So I posted  More

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