Somerset, PA Metro Area is a great place to live. It has an affordable rent of $820 for two-bedroom apartments compared to the US average of $1,430. Additionally, the Grocery Cost Index in this area is 97 versus 100 in the US making it even more economical. This city offers plenty of activities for people of all ages and features local companies such as Somerset Trust Company, Somerset Hospital, and Hillside Motors. From unique restaurants to fun outdoor activities like kayaking and skiing on nearby mountains, you can find something for everyone in Somerset.
Somerset Metro Area has an unemployment rate of 7.9%. The US average is 6.0%.
Somerset Metro Area 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 Metro Area
- The Sales Tax Rate for Somerset Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Somerset Metro Area 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 Metro Area
- The average income of a Somerset Metro Area resident is $28,330 a year. The US average is $37,638 a year.
- The Median household income of a Somerset Metro Area resident is $54,332 a year. The US average is $69,021 a year.