Somerset township (Somerset Cnty), PA is a great place to live with a range of amenities and businesses located in the area. Popular companies in the area include Walmart, Sheetz, Weis Markets, Giant Eagle, and Grill-n-chill. The cost of living in Somerset township is favorable compared to the US average thanks to lower 2 bedroom rent ($800 versus $1,430) and grocery cost index (98 versus 100). All these factors make Somerset township an attractive location with plenty of options for housing and food available.
Somerset township has an unemployment rate of 7.9%. The US average is 6.0%.
Somerset township has seen the job market decrease by -6.7% over the last year. Future job growth over the next ten years is predicted to be 17.3%, which is lower than the US average of 33.5%.
Tax Rates for Somerset township
- The Sales Tax Rate for Somerset township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Somerset township is 4.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Somerset township
- The average income of a Somerset township resident is $21,952 a year. The US average is $37,638 a year.
- The Median household income of a Somerset township resident is $57,315 a year. The US average is $69,021 a year.