Wells, VT is a small town located in the hills of Vermont's Green Mountains. The cost of living is lower than the national average, making it an attractive place to live. Rent for a two bedroom is an affordable $1,090 compared to the US average of $1,430. Grocery costs are slightly above average at 106, but still manageable.
The town has many local shops that make living there enjoyable. There are farmers markets and outdoor stores like Silver Ridge Outfitters that offer outdoor gear for hiking and camping trips in the nearby mountains. Wells also has its own brewery called Dog River Brewing Co., which offers craft beer brewed on-site in a rustic setting. For those looking for local cuisine, there is Bixby & Co., which serves breakfast and lunch with locally sourced ingredients.
Wells has an unemployment rate of 3.9%. The US average is 6.0%.
Wells has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Wells
- The Sales Tax Rate for Wells is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Wells 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 Wells
- The average income of a Wells resident is $24,331 a year. The US average is $28,555 a year.
- The Median household income of a Wells resident is $66,364 a year. The US average is $69,021 a year.