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2024 Compare Cities Economy:
Somerset, KY vs Abingdon, VA

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Highlights
- Household income in Abingdon, is 81% more than it is in Somerset and is 27% below the National Average.
- Somerset unemployment rate is 5.5%.
- Abingdon unemployment rate is 4.6%.

Economy
 Somerset, KYAbingdon, VAUnited States
 Unemployment Rate5.5%4.6%6.0%
 Recent Job Growth1.7%1.6%1.6%
 Future Job Growth24.4%29.1%33.5%
 Sales Taxes6.0%5.3%6.2%
 Income Taxes6.0%5.8%4.6%
 Income per Cap.$31,211$36,815$37,638
 Household Income$30,107$54,384$69,021
 Family Median Income$49,281$80,558$85,028
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 Est. Households By Income
 Somerset, KYAbingdon, VAUnited States
 Income Less Than 15K23.2%15.8%9.4%
 Income between 15K and 20K6.5%4.7%3.8%
 Income between 20K and 30K20.2%12.8%8.1%
 Income between 30K and 40K7.6%7.5%8.0%
 Income between 40K and 50K5.2%6.8%7.6%
 Income between 50K and 60K4.2%7.2%7.2%
 Income between 60K and 75K4.6%12.0%9.6%
 Income between 75K and 100K16.4%10.3%12.8%
 Income between 100K and 150K7.4%13.8%16.3%
 Income between 150K and 200K1.1%3.1%7.8%
 Income greater than 200K3.9%5.9%9.5%
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 Population By Occupation
 Somerset, KYAbingdon, VAUnited States
 Management, business, finance9.1%13.3%16.4%
 Engineering, computers, science2.7%4.7%6.5%
 Community, social services5.5%2.8%1.8%
 Legal1.4%3.2%1.2%
 Education, library4.8%7.0%6.2%
 Arts, design, media, sports, entertainment4.1%1.4%2.0%
 Healthcare practitioners and technology4.4%8.4%6.2%
 Healthcare support2.3%3.9%3.3%
 Firefighters, law enforcement2.9%3.6%2.1%
 Food preparation, serving9.6%9.5%5.4%
 Building maintenance3.0%1.9%3.6%
 Personal care3.1%2.2%2.6%
 Sales, office, administrative support24.1%22.0%20.9%
 Farming, fishing, forestry0.0%0.0%0.6%
 Construction, extraction, maintenance/repair9.8%4.2%8.1%
 Production, transportation, material moving13.0%11.9%13.1%

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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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Reviews for Abingdon    9 Reviews

We found people to be very friendly and welcoming, especially if you put yourself out there and get involved. It’s a small historic tourist town with a great trail,  More

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We found people to be very friendly and welcoming, especially if you put yourself out there and get involved. It’s a small historic tourist town with a great trail,  More

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Over 3 years ago

My husband and I are retired. We researched areas in SW Virginia and found Abingdon to be just what we were looking for. Our home is surrounded by mountains and close to  More

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ZIPS IN SOMERSET, KENTUCKY
42503 42501
ZIPS IN ABINGDON, VIRGINIA
24210 24211

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