Top Industries in Somerset
Somerset is home to a range of industries that are key drivers of the city's economy. Some of the top industries in Somerset include:
Technology
The technology sector in Somerset is thriving, with a strong demand for IT professionals and software developers. Local tech companies are expanding, offering competitive salaries and growth opportunities.
Range: $80-$150k
Growth rate: 15%
Some job openings:Innovatech is hiring: IT Support Specialist, Project Manager
Healthcare
Healthcare remains a cornerstone of Somerset's economy, with hospitals and clinics continually seeking skilled professionals. The aging population is driving demand for healthcare services, leading to job growth in this sector.
Range: $60-$120k
Growth rate: 12%
Pharmaceuticals
Somerset's pharmaceutical industry is robust, with major companies investing in research and development. This sector offers high-paying jobs and is a significant contributor to the local economy.
Range: $90-$180k
Growth rate: 10%
Some job openings:PharmaCorp is hiring: Research Scientist, Quality Assurance Specialist
BioHealth Inc. is hiring: Clinical Research Coordinator, Regulatory Affairs Manager
Education
The education sector in Somerset is expanding, with schools and universities hiring for various academic and administrative roles. There is a growing need for educators and support staff to meet the demands of increasing student enrollment.
Range: $50-$100k
Growth rate: 8%
Finance
The finance industry in Somerset is growing, with banks and financial institutions seeking skilled professionals. Opportunities in financial analysis, accounting, and management are on the rise.
Range: $70-$140k
Growth rate: 9%
Employment Trends and Growth Rates
Somerset is experiencing a steady job growth rate, with technology and healthcare leading the charge.
The local job market is characterized by a low unemployment rate and a high demand for skilled professionals.
Income inequality remains a concern, with efforts underway to address disparities through education and workforce development programs.
Job turnover rates are moderate, with many employees seeking opportunities in emerging sectors like tech and pharmaceuticals.
Job Market for Remote and Freelance Workers in Somerset
Remote work is becoming increasingly popular in Somerset, with approximately 35% of the workforce engaged in remote roles.
Tech and marketing industries are at the forefront of offering remote positions, with local companies adapting to this trend.
City-specific job boards and networking events are helping connect remote workers with potential employers.
Job Resources and Networking
Somerset offers a variety of job resources, including local job boards and career fairs.
The Somerset Career Center provides workshops and job placement programs to assist job seekers.
Local platforms such as SomersetJobs.com offer listings for regional opportunities.
Entrepreneurial hubs and incubators in Somerset support startups and small businesses, fostering innovation and job creation.
Property Prices Rankings
The Property Prices Rankings for the United States evaluate affordability and investment potential using indices like the Price to Income Ratio, Mortgage as a Percentage of Income, Loan Affordability, Price to Rent Ratio, and Gross Rental Yield.
Highest to LowestUpdated: Oct, 2025
Full Property Prices Rankings