2025 Compare Cities Economy:
Richmond, VA vs Somerset, KY

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Highlights
- Household income in Somerset, is 45% less than it is in Richmond and is 129% below the National Average.
- Richmond unemployment rate is 7.1%.
- Somerset unemployment rate is 5.5%.
 Richmond, VASomerset, KYUnited States
 Unemployment Rate  Unlock5.5%6.0%
 Recent Job Growth  Unlock1.7%1.6%
 Future Job Growth37.1%  Unlock33.5%
 Sales Taxes5.3%  Unlock6.2%
 Income Taxes  Unlock6.0%4.6%
 Income per Cap.$38,132  Unlock$37,638
 Household Income  Unlock$30,107$69,021
 Family Median Income$72,604  Unlock$85,028
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 Est. Households By Income
 Richmond, VASomerset, KYUnited States
 Income Less Than 15K  Unlock23.2%9.4%
 Income between 15K and 20K5.4%  Unlock3.8%
 Income between 20K and 30K  Unlock20.2%8.1%
 Income between 30K and 40K9.6%  Unlock8.0%
 Income between 40K and 50K  Unlock5.2%7.6%
 Income between 50K and 60K8.1%  Unlock7.2%
 Income between 60K and 75K  Unlock4.6%9.6%
 Income between 75K and 100K11.3%  Unlock12.8%
 Income between 100K and 150K  Unlock7.4%16.3%
 Income between 150K and 200K5.2%  Unlock7.8%
 Income greater than 200K  Unlock3.9%9.5%
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 Population By Occupation
 Richmond, VASomerset, KYUnited States
 Management, business, finance16.7%  Unlock16.4%
 Engineering, computers, science  Unlock2.7%6.5%
 Community, social services2.7%  Unlock1.8%
 Legal  Unlock1.4%1.2%
 Education, library6.9%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock4.1%2.0%
 Healthcare practitioners and technology6.1%  Unlock6.2%
 Healthcare support  Unlock2.3%3.3%
 Firefighters, law enforcement2.7%  Unlock2.1%
 Food preparation, serving  Unlock9.6%5.4%
 Building maintenance4.0%  Unlock3.6%
 Personal care  Unlock3.1%2.6%
 Sales, office, administrative support19.1%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair6.0%  Unlock8.1%
 Production, transportation, material moving  Unlock13.0%13.1%
Reviews for Richmond    109 Reviews

Over 3 years ago

Lived here for a year and it’s not perfect but it’s constantly improving now (areas redevloped, more businesses, job growth). Cost of living is great compared to  More

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Over 4 years ago

We love Richmond so much that when we talk about where we'd like to live if we could live anywhere in the US, we always come back to RVA. We live in the city proper  More

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Over 4 years ago

I'm an out-of-towner but am coming up on 1 year in Richmond. I would summarize it this way: the best thing and the worst thing about Richmond is its location. I'll  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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