Vermont, IL is a small city located in Sangamon County with a population of about 1,200 people. It is known for its friendly residents and established businesses like JC Market, Williams Auto Parts and White Oaks Restaurant. The cost of living in Vermont is significantly lower than the national average which makes it an attractive option for those looking to relocate or save money on rent. The 2 bedroom apartment rent in Vermont is $840 which is 38% lower than the US average of $1,430. Similarly the grocery cost index in Vermont stands at 90 while nationally it's 100 which means groceries are 10% cheaper here than anywhere else in the nation. This makes Vermont a great choice for those looking to enjoy life away from big cities while still being able to afford it.
Vermont has an unemployment rate of 6.6%. The US average is 6.0%.
Vermont has seen the job market increase by 0.7% 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 Vermont
- The Sales Tax Rate for Vermont is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Vermont is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Vermont
- The average income of a Vermont resident is $21,340 a year. The US average is $28,555 a year.
- The Median household income of a Vermont resident is $41,042 a year. The US average is $69,021 a year.