2025 Compare Cities Economy:
Lapeer, MI vs Somerset, KY

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Highlights
- Household income in Somerset, is 37% less than it is in Lapeer and is 129% below the National Average.
- Lapeer unemployment rate is 4.9%.
- Somerset unemployment rate is 5.5%.
 Lapeer, MISomerset, KYUnited States
 Unemployment Rate  Unlock5.5%6.0%
 Recent Job Growth  Unlock1.7%1.6%
 Future Job Growth33.8%  Unlock33.5%
 Sales Taxes6.0%  Unlock6.2%
 Income Taxes  Unlock6.0%4.6%
 Income per Cap.$28,197  Unlock$37,638
 Household Income  Unlock$30,107$69,021
 Family Median Income$65,285  Unlock$85,028
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 Est. Households By Income
 Lapeer, MISomerset, KYUnited States
 Income Less Than 15K  Unlock23.2%9.4%
 Income between 15K and 20K4.9%  Unlock3.8%
 Income between 20K and 30K  Unlock20.2%8.1%
 Income between 30K and 40K6.8%  Unlock8.0%
 Income between 40K and 50K  Unlock5.2%7.6%
 Income between 50K and 60K5.1%  Unlock7.2%
 Income between 60K and 75K  Unlock4.6%9.6%
 Income between 75K and 100K13.6%  Unlock12.8%
 Income between 100K and 150K  Unlock7.4%16.3%
 Income between 150K and 200K4.5%  Unlock7.8%
 Income greater than 200K  Unlock3.9%9.5%
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 Population By Occupation
 Lapeer, MISomerset, KYUnited States
 Management, business, finance10.5%  Unlock16.4%
 Engineering, computers, science  Unlock2.7%6.5%
 Community, social services1.1%  Unlock1.8%
 Legal  Unlock1.4%1.2%
 Education, library5.7%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock4.1%2.0%
 Healthcare practitioners and technology5.5%  Unlock6.2%
 Healthcare support  Unlock2.3%3.3%
 Firefighters, law enforcement1.5%  Unlock2.1%
 Food preparation, serving  Unlock9.6%5.4%
 Building maintenance2.6%  Unlock3.6%
 Personal care  Unlock3.1%2.6%
 Sales, office, administrative support20.6%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair9.5%  Unlock8.1%
 Production, transportation, material moving  Unlock13.0%13.1%
Reviews for Lapeer    3 Reviews

Over 5 years ago

I grew up in Lapeer in the summers of the 1950s. I retired to Florida, but now I am ready to admit my mistake and go back. I love  More

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I've lived in Lapeer for 17 years now and it is a great place to raise a family. It's got everything you need on a regular basis, shopping, grocery stores and  More

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Over 17 years ago

Small town atmosphere, very few jobs available, mostly small manufacturing jobs and retail. Economic downfall, city relies mostly on automotive manufacturing in major  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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