Rutland, VT is a small city located in the heart of Vermont. It has a population of around 16,842 people and is known for its unique restaurants and recreational activities. The two bedroom rent in Rutland is surprisingly lower than the US average at $1,110 versus $1,430. The cost of living is slightly higher than the national average with a grocery cost index of 105 versus 100 in the US. Some popular local companies that have offices in Rutland are GE Aviation and Omya Inc., and there are several recreational activities to enjoy such as skiing, fishing, and hiking. There are also many art galleries and theaters which make it an interesting place to visit.
Rutland has an unemployment rate of 4.7%. The US average is 6.0%.
Rutland has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Rutland
- The Sales Tax Rate for Rutland is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Rutland 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 Rutland
- The average income of a Rutland resident is $23,808 a year. The US average is $28,555 a year.
- The Median household income of a Rutland resident is $51,868 a year. The US average is $69,021 a year.