Bethel, Vermont is a small town located in central Vermont. It offers its residents a rural atmosphere with plenty of natural beauty, yet it is close enough to larger cities for convenience. The cost of living in Bethel is lower than the US average, with two-bedroom rental homes averaging at $1,130 per month versus $1,430 nationwide. The Grocery Cost Index for Bethel is also lower than the US index of 100 – it stands at 107. Local businesses in Bethel include Okemo Valley Regional Chamber of Commerce, Twinstate Technologies Inc., and Better Home Solutions LLC. Those looking for an affordable lifestyle surrounded by nature may find that Bethel is the perfect place to call home.
Bethel has an unemployment rate of 3.2%. The US average is 6.0%.
Bethel has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Bethel
- The Sales Tax Rate for Bethel is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bethel 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 Bethel
- The average income of a Bethel resident is $26,105 a year. The US average is $28,555 a year.
- The Median household income of a Bethel resident is $65,768 a year. The US average is $69,021 a year.