Bennington, VT is a small town located in southwestern Vermont that offers a picturesque setting of rolling hills and mountain views. It is home to many local businesses such as Bennington Potters, Bennington Marble & Granite, and VT Woodworking. The average 2 bedroom rent in Bennington is lower than the national average at $1,120 versus $1,430 respectively. Additionally, the grocery cost index in Bennington is equivalent to that of the entire United States. This makes it an affordable place for those looking for a more rural yet charming place to live.
Bennington has an unemployment rate of 4.7%. The US average is 6.0%.
Bennington has seen the job market decrease by -8.9% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Bennington
- The Sales Tax Rate for Bennington is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bennington 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 Bennington
- The average income of a Bennington resident is $29,060 a year. The US average is $37,638 a year.
- The Median household income of a Bennington resident is $51,851 a year. The US average is $69,021 a year.