Bristol County · Massachusetts · Northeast · 18k residents
Somerset, MA: economy, jobs & business costs
The site-selection read on Somerset: labor costs, talent, corporate tax, energy, and business activity, with the Massachusetts median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,297/wk. Massachusetts's corporate income tax rate is 8%. Commercial electricity averages 20.9¢/kWh.
Compare Somerset side by side
Avg. weekly wage
$1,297/wk
Corporate income tax
8%
Bachelor's degree or higher
37.6%
Commercial electricity
20.9¢/kWh
Economic momentum
How fast Somerset's economy is moving, ranked against the US cities we track.
10/100
Cooling
Ranks Somerset's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $418,800 |
| Price per sq. ft. | $400 |
| Property tax rate | 1.14% |
| 1-bedroom rent | $626/mo |
| 2-bedroom rent | $1,365/mo |
| State & local income tax | 5% |
| Sales tax | 6.25% |
| Corporate income tax | 8% |
| Avg. weekly wage | $1,297/wk |
| Bachelor's degree or higher | 37.6% |
| Commercial electricity | 20.9¢/kWh |
| Businesses per 1k residents | 31.0/1k |
| Wage: Software developer | $130,690 |
| Wage: Registered nurse | $99,880 |
| Wage: General manager | $110,360 |
| Wage: Customer service | $47,170 |
| Wage: Warehouse worker | $36,640 |
| Wage: Heavy truck driver | $60,610 |
| Wage: Electrician | $73,980 |
| Wage: Retail salesperson | $35,230 |
| Cost of living index | 109 |
| Groceries index | 108 |
| Utilities | $245/mo |
| Transit pass | $90/mo |
| Gas price | $3.35/gal |
| Healthcare index | 108 |
| Childcare (per child) | $1,900/mo |
| Median household income | $112,677 |
| Unemployment rate | 3.6% |
| Population | 18k |
| Crime index | 30/100 |
| School rating | 8.5/10 |
| Walkability | 30/100 |
| Disaster risk | 90/100 |
| Avg. commute | 30 min |
| Sunny days / year | 200 days |
| July high | 85°F |
| January low | 24°F |
| Annual snowfall | 38 in |
| Home price YoY | +2.4% |
| Home price MoM | +0.1% |
| Rent YoY | — |
| Rent MoM | — |
| Employment (jobs) YoY | -1.3% |
| Building permits YoY | — |
| Ocean coast | 20 mi |
| Big lake | 118 mi |
| Mountains | 120 mi |
| Major airport | 13 mi |
| Ski resort | 65 mi |
Popular comparisons
Nearby
- Fall River, MA · 94k
- Taunton, MA · 60k
- New Bedford, MA · 101k
- Attleboro, MA · 47k
- North Attleborough Town, MA · 31k
Similar size
- Newburyport, MA · 19k
- Southbridge Town, MA · 18k
- Winthrop Town, MA · 19k
- Greenfield, MA · 18k
- Amesbury, MA · 17k
Real listings in Somerset
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Somerset a good place to run a business?
- Massachusetts's corporate income tax rate is 8%; average weekly wages in the surrounding labor market run $1,297/wk; commercial electricity averages 20.9¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Somerset, MA?
- Somerset indexes at 109 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,365/mo and a acs median home value of $418,800.
- How much does a house cost in Somerset?
- The acs median home value in Somerset is $418,800 (Census ACS estimate; individual listings vary).
- How much is rent in Somerset?
- A two-bedroom in Somerset rents for about $1,365/mo.