Somers, NY Economy


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Somers, NY is a town located in northern Westchester County, near the Connecticut border. It is an affluent and idyllic location with a cost of living slightly higher than the US average. Rent for two-bedroom apartments can be as high as $2,650 per month, but many local companies such as Coco Pazzo Restaurant & Bar offer competitive wages to make this manageable. Grocery costs are also more expensive than the national average, with an index of 108 versus 100 in the US. Despite these inflated prices, Somers offers plenty of outdoor attractions such as Lasdon Park and Arboretum to enjoy on weekends and holidays. Shopping venues include Somers Commons Shopping Center which features chain stores such as Kohl's and Target. With all these great amenities nearby, it's no wonder that so many people love living in Somers!

Somers has an unemployment rate of 6.2%. The US average is 6.0%.

Somers has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 26.5%, which is lower than the US average of 33.5%.

Tax Rates for Somers
- The Sales Tax Rate for Somers is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Somers is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Somers
- The average income of a Somers resident is $57,438 a year. The US average is $28,555 a year.
- The Median household income of a Somers resident is $139,021 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySomers, New YorkUnited States
  6.26
  -6.3%-6.2%
  26.5%33.5%
  4.4%6.2%
  6.2%4.6%
  $72,233$37,638
  $139,021$69,021
  $182,083$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  4.4%6.8%
  8.3%10.0%
  2.0%2.5%
  8.7%11.0%
  1.5%4.8%
  0.8%0.8%
  2.3%1.9%
  6.1%4.7%
  4.0%1.9%
  10.4%7.6%
  0.0%0.1%
  3.0%4.2%
  19.1%9.3%
  15.0%14.0%
  2.4%2.1%
  3.9%7.0%
  3.9%4.8%
  4.0%4.7%
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