Somerset, KY 42503

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 3630 5840 $10,488 $1,600
(6.61% of returns)
$2,211
(4.96% of returns)
$4,855
$25,000 to $50,000 2400 4970 $26,679 $1,858
(10% of returns)
$6,516
(22.08% of returns)
$4,880
$50,000 to $75,000 1320 3180 $37,340 $2,987
(18.18% of returns)
$14,525
(27.27% of returns)
$5,417
$75,000 to $100,000 870 2290 $47,685 $3,116
(20.69% of returns)
$17,758
(27.59% of returns)
$5,553
$100,000 to $200,000 950 2730 $68,634 $3,766
(28.42% of returns)
$21,169
(24.21% of returns)
$6,601
Over $200,000 290 830 $266,278 $19,237
(55.17% of returns)
$26,050
(20.69% of returns)
$11,052
For Zip 9460 19840 $40,551

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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