Somerset, KY 42501

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 2990 5240 $10,958 $1,666
(4.01% of returns)
$1,550
(4.01% of returns)
$4,566
$25,000 to $50,000 1800 3720 $26,864 $2,041
(6.67% of returns)
$5,778
(18.33% of returns)
$4,423
$50,000 to $75,000 790 1890 $36,956 $2,820
(12.66% of returns)
$14,177
(22.78% of returns)
$4,628
$75,000 to $100,000 400 1040 $47,105 $2,675
(20% of returns)
$18,000
(25% of returns)
$5,514
$100,000 to $200,000 360 940 $70,504 $5,400
(25% of returns)
$19,644
(25% of returns)
$6,347
Over $200,000 90 190 $228,414 $13,740
(55.56% of returns)
$23,733
(33.33% of returns)
$10,620
For Zip 6430 13020 $30,223

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Income Tax Rates

Rate Minimum Income Maximum Income
0.02 0 3000
0.03 3000 4000
0.04 4000 5000
0.05 5000 8000
0.058 8000 75000
0.06 75000 null

Property Tax Rates

Rate Rank (compared to Other States)
0.0082 32

Sales Tax Rates

State Rate Average Local Rate Combined Rate Rank (compared to Other States)
0.06 0.0000 0.0600 38