Greensboro, VT is a small rural town located in the western part of the state. It is known for its beautiful scenery and recreation opportunities. The cost of living in Greensboro is quite affordable compared to most other towns in Vermont. The average rent for a two-bedroom apartment is only $1,020 whereas the US average for rent for a two-bedroom apartment is around $1,430. Additionally, the Grocery Cost Index in Greensboro is 107 versus 100 in the US, making groceries more affordable as well.
The town of Greensboro has many local businesses that contribute to its economy including Colby's Orchard & Cider Mill which produces apple cider and sells fresh apples; Bove Brothers Farm which offers pick your own produce; and Three Crow Bakery which bakes artisan breads and pastries. Other businesses include La Garza Mexican Cantina Restaurant, Mountain Man Antiques, and Jenkins' Greenhouse & Garden Center.
Greensboro has an unemployment rate of 4.7%. The US average is 6.0%.
Greensboro 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 Greensboro
- The Sales Tax Rate for Greensboro is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Greensboro 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 Greensboro
- The average income of a Greensboro resident is $28,530 a year. The US average is $28,555 a year.
- The Median household income of a Greensboro resident is $57,917 a year. The US average is $69,021 a year.