The small town of 42503 Somerset, KY is a great place to call home. With a 2 bedroom rent of just $810, it’s highly affordable compared to the US average of $1,430. The cost of groceries is also lower than the national average, with an index score of 96 compared to 100. The rental market in this area is booming and there are many local companies that offer quality rentals in a range of prices. Examples include BedzzRUs, which focuses on luxury apartments and vacation rentals; Big Easy Properties, which specializes in family-friendly homes; and Amberwood Apartments & Townhomes, which offers luxurious living at competitive prices. If you’re looking for an affordable place to call home in Somerset County then 42503 Somerset is definitely worth a visit!
Somerset (zip 42503) has an unemployment rate of 5.5%. The US average is 6.0%.
Somerset (zip 42503) has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Somerset (zip 42503)
- The Sales Tax Rate for Somerset (zip 42503) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Somerset (zip 42503) is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Somerset (zip 42503)
- The average income of a Somerset (zip 42503) resident is $22,945 a year. The US average is $28,555 a year.
- The Median household income of a Somerset (zip 42503) resident is $45,371 a year. The US average is $69,021 a year.