Somerset, NY is a small town located in New York State. The monthly rent for a two bedroom apartment in the area is $990, which is slightly less than the national average of $1,430. Additionally, grocery cost index in Somerset, NY is 99 compared to the US average of 100. There are several companies operating in Somerset such as ABC Industries and XYZ Corporation. Transportation options include bus routes operated by TN Transit and local taxicabs.
Somerset has an unemployment rate of 7.7%. The US average is 6.0%.
Somerset has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 22.8%, which is lower than the US average of 33.5%.
Tax Rates for Somerset
- The Sales Tax Rate for Somerset is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Somerset 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 Somerset
- The average income of a Somerset resident is $28,104 a year. The US average is $37,638 a year.
- The Median household income of a Somerset resident is $56,250 a year. The US average is $69,021 a year.