At £29,307, median annual full-time earnings in Somerset (2020) are lower than they are both regionally and nationally, and if we include part-time work, of which there is a greater prevalence in Somerset, then the disparity is greater still. There is also a significant difference between earnings for men and women, especially for full-time work, and even more so in Somerset than is the case regionally and nationally.
At £20,441 (2018, provisional), estimated disposable household income is also marginally lower in Somerset than it is nationally. However, in recent years it has been roughly on a par with the national average.
Housing in Somerset is less affordable than it is nationally, with a typical home in Somerset costing more than 8 times the typical annual wage. House prices have been continually rising since 2009 following the financial crisis and economic downturn.