Bennington, NY is a small town located in the upstate region of New York. With a population just over 5,000 people Bennington is an attractive place to live for those looking for a more rural lifestyle. The cost of living in Bennington is more affordable than many other places in the country due to its much lower rental costs and grocery cost index that match the US average. The median rent for a 2 bedroom apartment in Bennington is only $890 compared to the U.S. median rent rate of $1,430. Companies based out of or in Bennington include C&G Automotive, Affinity Credit Union, and Badger Farms Processing Inc., all of which are highly regarded employers within the community and provide services and goods for both locals and visitors alike.
Bennington has an unemployment rate of 6.7%. The US average is 6.0%.
Bennington has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 20.6%, which is lower than the US average of 33.5%.
Tax Rates for Bennington
- The Sales Tax Rate for Bennington is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Bennington is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bennington
- The average income of a Bennington resident is $27,557 a year. The US average is $28,555 a year.
- The Median household income of a Bennington resident is $83,167 a year. The US average is $69,021 a year.