Zip 78069 (Somerset, TX) Economy


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Somerset, TX is a small but quickly growing town located in 78069. The average 2 bedroom rent in Somerset is $820 per month, which is substantially lower than the US average of $1,430. Grocery cost index for Somerset is 90 versus 100 in the US. Despite the lower costs of living, many local businesses thrive due to its close proximity to both San Antonio and Austin. Some of the largest employers in Somerset include Walmart Inc., AT&T Inc., Texas Health & Human Services Commission, San Antonio Water System, and The University of Texas at San Antonio. These companies provide essential goods and services that help make Somerset a great place to live

Somerset (zip 78069) has an unemployment rate of 6.7%. The US average is 6.0%.

Somerset (zip 78069) 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 39.6%, which is higher than the US average of 33.5%.

Tax Rates for Somerset (zip 78069)
- The Sales Tax Rate for Somerset (zip 78069) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Somerset (zip 78069) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Somerset (zip 78069)
- The average income of a Somerset (zip 78069) resident is $27,674 a year. The US average is $37,638 a year.
- The Median household income of a Somerset (zip 78069) resident is $65,256 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySomerset, TexasUnited 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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