Somerset, KY 42503 has a population of approximately 23,438 and experiences a population change rate of 24.49%. The population density is 181.2 / sq mi .
Somerset, KY 42503 has a population of approximately 23,438 and experiences a population change rate of 24.49%. The population density is 181.2 / sq mi .
The median household income for Somerset, KY 42503 is $45,371, with 10,033 households and an average household size of 2.53.
The median value of a home in Somerset, KY 42503 is $225,700 with an appreciation rate of 16.70%. 61.34% of housing in the state is owned while 27.49% is rented.
The cost of living in Somerset, KY 42503 is 84.6 %.
The unemployment rate in Somerset, KY 42503 is 3.90%, and recent job growth is at -1.29%. Future job growth is projected at 24.59%.
The sales tax rate in Somerset, KY 42503 is 6.00%, while the income tax rate is 5.00% .
School expenditures in Somerset, KY 42503 are $11,277, and the school ratio is 15.6:1.
The average high temperature in July is 85.7 degrees, with an average low temperature in January of 25.3 degrees. The average rainfall is approximately 50 inches per year, with 10.2 inches of snow per year.