Somerset, CO 81434 is an ideal place for people looking to balance affordability and modern city amenities. The average two bedroom rent in Somerset is $1,250 compared to the national average of $1,430. Furthermore, groceries cost about 107 index points in Somerset rather than 100 seen nationwide. Somerset offers a variety of local companies such as the Coal Country Printing Company, Killian Construction Corporation, and Gallegos Market. These businesses provide locals jobs and services like printing services, construction projects, and grocery stores. If you live in Somerset it's easy to enjoy the outdoors with options like hiking in the nearby Grand Mesa National Forest or biking down any number of trails around town. You can also check out events like farmer's markets hosted by local businesses every summer. With all these amenities available residents have everything they need for a comfortable lifestyle at an affordable price!
Somerset (zip 81434) has an unemployment rate of 4.7%. The US average is 6.0%.
Somerset (zip 81434) has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 57.7%, which is higher than the US average of 33.5%.
Tax Rates for Somerset (zip 81434)
- The Sales Tax Rate for Somerset (zip 81434) is 4.9%. The US average is 7.3%.
- The Income Tax Rate for Somerset (zip 81434) is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Somerset (zip 81434)
- The average income of a Somerset (zip 81434) resident is $35,347 a year. The US average is $37,638 a year.
- The Median household income of a Somerset (zip 81434) resident is $0 a year. The US average is $69,021 a year.