Derby Line, VT is a small town located along the Canada-US border. It is home to several local businesses such as Johnson's Auto Parts, Derby Line Hardware, and B&B Variety Store. The rental cost of a two bedroom apartment in Derby Line is relatively low compared to the US average at $940 per month. Additionally, the cost of groceries in Derby Line is slightly higher than the national average with an index of 104 versus 100 in the US. All these factors make Derby Line a great place to live for those looking for affordable housing and supplies.
Derby Line has an unemployment rate of 4.5%. The US average is 6.0%.
Derby Line has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 27.0%, which is lower than the US average of 33.5%.
Tax Rates for Derby Line
- The Sales Tax Rate for Derby Line is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Derby Line 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 Derby Line
- The average income of a Derby Line resident is $25,360 a year. The US average is $28,555 a year.
- The Median household income of a Derby Line resident is $62,784 a year. The US average is $69,021 a year.