Moving to Somerset
What you need to know before relocating to Somerset, Kentucky. Data-driven insights on housing, jobs, safety, and quality of life.
Is Somerset a Good Place to Live?
Based on data across cost of living, job market, safety, and education, Somerset compares favorably on multiple dimensions. Highlights include rent ($850/mo) is below the national average; home prices ($189,500) are well below the us median; violent crime rate (224/100k) is well below the national average.
Somerset at a Glance
Cost of Living in Somerset
The median rent in Somerset is $850/month, while the median home value is $189,500. With a median household income of $55,667, residents spend roughly 18% of monthly income on rent.
Overall, the Somerset metro area is classified as very affordable compared to other US metros.
Job Market
Somerset has a median household income of $55,667, which is 25% below the national median. The local unemployment rate is 4.8%, compared to the national average of 3.7%.
Safety in Somerset
The violent crime rate in Somerset is 224 per 100,000 residents, which is 41% below the national average of 380.
Property crime rate: 1552 per 100,000 residents.
Education in Kentucky
Kentucky has a high school graduation rate of 89% and per-pupil spending of $15,337/year. The student-to-teacher ratio is 16:1.
31% of Kentucky adults hold a bachelor's degree or higher.
Healthcare Access
Kentucky has 243 physicians per 100,000 residents, a 8.9% uninsured rate, and 3.1 hospital beds per 1,000 people. Life expectancy in Kentucky is 73.6 years.
Pros and Cons of Living in Somerset
+Pros
- ✓Rent ($850/mo) is below the national average
- ✓Home prices ($189,500) are well below the US median
- ✓Violent crime rate (224/100k) is well below the national average
-Cons
- ✗Median household income ($55,667) trails the national median
- ✗Unemployment rate (4.8%) is above the national average
- ✗Longer-than-average commute (23977 min)
Frequently Asked Questions
Is Somerset a good place to live?⌄
Somerset, Kentucky has several attributes that make it an attractive place to live, including rent ($850/mo) is below the national average and home prices ($189,500) are well below the us median. It scores well on multiple quality-of-life metrics relative to the national average.
What is the cost of living in Somerset?⌄
The median rent in Somerset is $850/month and the median home value is $189,500. The median household income is $55,667. Overall the metro is considered very affordable.
Is Somerset safe?⌄
Somerset has a violent crime rate of 224 incidents per 100,000 residents. The national average is approximately 380 per 100,000.
What is the job market like in Somerset?⌄
Somerset has an unemployment rate of 4.8%, compared to the national average of 3.7%. The median household income is $55,667.