15501 Somerset, PA is a small and charming city located in Pennsylvania. The 2 bedroom rent here is $770 which is much lower than the US average of $1430 making it an affordable option for many. It also has great amenities including local restaurants, shops, and attractions like The Flight 93 National Memorial and Quecreek Mine Rescue Site. The grocery cost index here is 98 versus 100 in the US, so groceries are a bit more expensive compared to other cities. However, this city offers plenty of job opportunities in nearby local companies such as Somerset Hospital and Shaffer Industries Inc. which makes up for its slightly higher grocery costs.
Somerset (zip 15501) has an unemployment rate of 7.9%. The US average is 6.0%.
Somerset (zip 15501) has seen the job market decrease by -0.7% 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 (zip 15501)
- The Sales Tax Rate for Somerset (zip 15501) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Somerset (zip 15501) 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 (zip 15501)
- The average income of a Somerset (zip 15501) resident is $23,863 a year. The US average is $28,555 a year.
- The Median household income of a Somerset (zip 15501) resident is $53,155 a year. The US average is $69,021 a year.