Vergennes, VT is a great place to live and work, with a low cost of living. It has rental prices that are 25% lower than the national average and a grocery cost index that is 8% lower than the US average. The city offers plenty of opportunities for work with many local companies such as Johnson Fuels, Vergennes Woodworking & Builders Supply, Inc., the Addison Independent newspaper, and Vergennes Farmers Market. This makes it an ideal location for those looking to save some money while enjoying all the benefits of small-town life in Vermont.
Vergennes has an unemployment rate of 3.1%. The US average is 6.0%.
Vergennes has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Vergennes
- The Sales Tax Rate for Vergennes is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Vergennes 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 Vergennes
- The average income of a Vergennes resident is $24,542 a year. The US average is $28,555 a year.
- The Median household income of a Vergennes resident is $65,750 a year. The US average is $69,021 a year.