Stowe, VT is a small town nestled in the Green Mountains of Vermont. It is a popular destination for skiers, hikers, and other outdoor enthusiasts due to its proximity to mountains and trails. Despite its small size, Stowe has plenty of opportunities for business owners such as restaurants, ski shops, and gift stores. Living costs are comparatively lower than most of the US; rent for a two bedroom home averages at $1,330 compared to $1,430 nationally. Grocery costs are also more affordable in Stowe with an index score of 115 compared to the national average of 100. All in all, Stowe is an ideal place for those looking for a scenic mountain town with low cost-of-living and plenty of local businesses to explore.
Stowe has an unemployment rate of 3.7%. The US average is 6.0%.
Stowe has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Stowe
- The Sales Tax Rate for Stowe is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Stowe is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Stowe
- The average income of a Stowe resident is $37,882 a year. The US average is $28,555 a year.
- The Median household income of a Stowe resident is $74,065 a year. The US average is $69,021 a year.