Somerset County, ME Economy


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United States / Maine / No Metro Area / Somerset County / Cities / Zip Codes
Somerset, ME County is a great place to live with an affordable average 2 bedroom rent of $920 compared to the US average of $1,430. Grocery costs in Somerset are slightly higher than the national index at 104. The county is home to a variety of local companies and businesses including Somersworth-Berwick Veterinary Hospital, Fresh Country Farms, Caribou Mattress Company, and Estes Oil & Propane Inc. Residents can also find entertainment and cultural activities at venues like Skowhegan Drive-In Theater or enjoy outdoor recreation with spots such as Lake George Regional Park and Kennebec River Rafting.

Somerset County has an unemployment rate of 6.9%. The US average is 6.0%.

Somerset County has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.

Tax Rates for Somerset County
- The Sales Tax Rate for Somerset County is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Somerset County is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Somerset County
- The average income of a Somerset County resident is $27,576 a year. The US average is $37,638 a year.
- The Median household income of a Somerset County resident is $47,488 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySomerset, MaineUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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