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2024 Compare Cities Economy:
Princeton, KY vs Somerset, KY

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Highlights
- Household income in Somerset, is 27% less than it is in Princeton and is 129% below the National Average.
- Princeton unemployment rate is 5.0%.
- Somerset unemployment rate is 5.5%.

Economy
 Princeton, KYSomerset, KYUnited States
 Unemployment Rate5.0%5.5%6.0%
 Recent Job Growth0.3%1.7%1.6%
 Future Job Growth26.9%24.4%33.5%
 Sales Taxes6.0%6.0%6.2%
 Income Taxes7.5%6.0%4.6%
 Income per Cap.$26,678$31,211$37,638
 Household Income$41,506$30,107$69,021
 Family Median Income$60,688$49,281$85,028
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 Est. Households By Income
 Princeton, KYSomerset, KYUnited States
 Income Less Than 15K17.9%23.2%9.4%
 Income between 15K and 20K7.6%6.5%3.8%
 Income between 20K and 30K12.4%20.2%8.1%
 Income between 30K and 40K11.1%7.6%8.0%
 Income between 40K and 50K10.5%5.2%7.6%
 Income between 50K and 60K3.8%4.2%7.2%
 Income between 60K and 75K7.2%4.6%9.6%
 Income between 75K and 100K14.6%16.4%12.8%
 Income between 100K and 150K7.6%7.4%16.3%
 Income between 150K and 200K4.7%1.1%7.8%
 Income greater than 200K2.6%3.9%9.5%
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 Population By Occupation
 Princeton, KYSomerset, KYUnited States
 Management, business, finance15.1%9.1%16.4%
 Engineering, computers, science3.7%2.7%6.5%
 Community, social services1.3%5.5%1.8%
 Legal0.6%1.4%1.2%
 Education, library5.6%4.8%6.2%
 Arts, design, media, sports, entertainment0.0%4.1%2.0%
 Healthcare practitioners and technology9.9%4.4%6.2%
 Healthcare support5.2%2.3%3.3%
 Firefighters, law enforcement4.6%2.9%2.1%
 Food preparation, serving11.4%9.6%5.4%
 Building maintenance4.1%3.0%3.6%
 Personal care0.0%3.1%2.6%
 Sales, office, administrative support16.3%24.1%20.9%
 Farming, fishing, forestry0.0%0.0%0.6%
 Construction, extraction, maintenance/repair4.5%9.8%8.1%
 Production, transportation, material moving17.6%13.0%13.1%

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Reviews for Princeton    1 Reviews

Over 17 years ago

I have lived in a number of communities in Kentucky and Tennessee. Princeton is the friendlest town that I have ever lived in. The Princetonians welcome new folks and  More

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Reviews for Somerset    7 Reviews

Over 10 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 14 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 16 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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ZIPS IN PRINCETON, KENTUCKY
42445
ZIPS IN SOMERSET, KENTUCKY
42503 42501

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