Benson, VT is a small town located in Rutland County, and is known for its rural and scenic beauty. The local economy consists of small businesses such as banks, auto dealerships, gas stations, restaurants, and other specialty stores. The cost of living in Benson is lower than the national average due to the lower price of rent for 2-bedroom apartments which is $1,060 compared to the US average of $1,430. Additionally, grocery costs are also lower with a Grocery Cost Index of 105 compared to 100 in the US. Benson offers a convenient and affordable lifestyle for those looking to live in a rural setting without sacrificing quality amenities or high prices.
Benson has an unemployment rate of 2.7%. The US average is 6.0%.
Benson 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 Benson
- The Sales Tax Rate for Benson is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Benson 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 Benson
- The average income of a Benson resident is $20,884 a year. The US average is $28,555 a year.
- The Median household income of a Benson resident is $54,766 a year. The US average is $69,021 a year.