Somerset, KY Employment - Median Household Income, Unemployment Rate

F

6%

Income/capita NAT. AVG.

50%

Household income NAT. AVG.

20%

Unemployment NAT. AVG.

Index	Somerset	Kentucky	National
Income per capita	$28,144	$24,802	$29,829
Median household income	$27,739	$44,811	$55,322
Median income owner occupied	$62,833	$56,922	$70,586
Median income renter occupied	$22,046	$26,529	$35,192
Median earnings male	$34,250	$32,723	$36,919
Median earnings female	$14,275	$23,082	$26,250
Unemployment rate	5.6%	4.5%	4.7%
Poverty level	30.7%	18.8%	15.1%

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Key findings

The income per capita in Somerset is 6% lower than the national average
The median household income in Somerset is 50% lower than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Somerset is 20% higher than the national average
The poverty level in Somerset is 103% higher than the national average

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am i middle class

$18,490 $27,739 $55,478

City

$29,871 $44,811 $89,622

State

$36,877 $55,322 $110,644

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Somerset median earnings by income bracket

Somerset employment by industry

Labour Type	Male	Female
Construction industry	12.2%	12.2%
Manufacturing sector	13.1%	13.1%
Financial & insurance services	6.8%	6.8%
Wholesale & retail services	12.5%	12.5%
Public administration	2.7%	2.7%
Transportation, warehousing & utilities	5.7%	5.7%
Education, health & social services	14.9%	14.9%
Other	28.0%	28.0%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Burnside, KY	979	$50,598	8.5%
Eubank, KY	362	$36,071	34.8%
Ferguson, KY	868	$33,594	39.3%
Science Hill, KY	814	$32,411	41.4%
Somerset, KY	11,548	$27,739	49.9%

Cities with similar population

City	Population	Household Income	National Avg.
Valley Falls, RI	11,548	$88,927	60.7%
Muscoy, CA	11,546	$44,957	18.7%
Elk City, OK	11,544	$43,795	20.8%
Wallington, NJ	11,553	$72,389	30.9%
Mountain Top, PA	11,553	$84,731	53.2%
Somerset, KY	11,548	$27,739	49.9%

Source: The Somerset, KY employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).