Burlington, Vermont is a vibrant city located along the shores of Lake Champlain. In recent years, it has become an attractive destination for tourists and businesses alike. The cost of living in Burlington is slightly higher than that of the US as a whole; the median rent for a two-bedroom apartment is $1,670 per month compared to $1,430 across the country while groceries are 12% more expensive. Many well-known companies have made Burlington their home, such as Ben & Jerry's Ice Cream, Dealer.com and Seventh Generation. Despite its higher cost of living when compared to other cities nationally, Burlington still remains an attractive place to live due to its ample offerings in terms of job opportunities and cultural attractions.
Burlington has an unemployment rate of 3.2%. The US average is 6.0%.
Burlington has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 29.2%, which is lower than the US average of 33.5%.
Tax Rates for Burlington
- The Sales Tax Rate for Burlington is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Burlington 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 Burlington
- The average income of a Burlington resident is $25,234 a year. The US average is $28,555 a year.
- The Median household income of a Burlington resident is $59,331 a year. The US average is $69,021 a year.