Somerset, CO, zip code 81434, is a small town in the southwestern part of the state. It is ranked 98th out of 100 best places to live by BestPlaces.net. The rankings are based on factors such as cost of living, crime rate, education level, employment and housing affordability. Somerset has an overall score of 5.8/10, indicating that it is a decent place to live but there are better options in terms of quality and affordability. The cost of living index in Somerset is slightly higher than the US average at 97.6 compared to 93.3 for the whole country while the unemployment rate stands at 4%. Crime is low with only 0.4 violent crimes per 1k inhabitants and 18 property crimes per 1k inhabitants, both below the national averages of 3 and 27 respectively. Education levels also rank lower than national average with 21% of people having no high school diploma or GED compared to 15% nationally while 23% have a bachelor’s degree or higher compared to 32% nationally. In terms of housing affordability, Somerset scores well with 61% owner-occupied homes being considered affordable compared to 53% nationally. All these factors come together to give Somerset its overall ranking as 98th best place to live by BestPlaces.
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