Stratton, VT is a small town in the Green Mountain state. It is known for its quaint mountain landscape and tranquil atmosphere. The cost of living in Stratton is relatively low compared to the US average. For example, the 2 Bedroom rent in Stratton is $1,140 while it is $1,430 in the US. Similarly, the grocery cost index in Stratton is 107 versus 100 in the US. This makes it an attractive option for people who are looking to settle down and enjoy life away from hustle and bustle of cities. Local companies include Stratton Resort, Southern Vermont Deerfield Valley Chamber of Commerce and Bromley Mountain Ski Resort which offer employment opportunities for residents of Stratton.
Stratton has an unemployment rate of 7.4%. The US average is 6.0%.
Stratton has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Stratton
- The Sales Tax Rate for Stratton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Stratton 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 Stratton
- The average income of a Stratton resident is $52,698 a year. The US average is $28,555 a year.
- The Median household income of a Stratton resident is $107,500 a year. The US average is $69,021 a year.