Island Pond, VT is a small town in the northeast of the United States. It is known for its affordable housing options with monthly rent rates of $840 for two bedroom apartments, which is much lower than the US average of $1430. Additionally, groceries are also more affordable than the national average as according to a Grocery Cost Index, Island Pond has an index value of 104 compared to 100 in the US. The town has several locally owned businesses such as Joe's Pizza and Burger King that provide goods at competitive prices. Residents get to experience local culture with various festivals held throughout the year. Island Pond offers a quality lifestyle at an affordable cost.
Island Pond has an unemployment rate of 4.8%. The US average is 6.0%.
Island Pond has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Island Pond
- The Sales Tax Rate for Island Pond is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Island Pond 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 Island Pond
- The average income of a Island Pond resident is $16,861 a year. The US average is $28,555 a year.
- The Median household income of a Island Pond resident is $41,250 a year. The US average is $69,021 a year.