Berkshire, Vermont is a vibrant and quaint community located in the Green Mountains of the Northeast United States. The area has a population of about 2,000 people and offers residents an idyllic lifestyle with a cost of living that is slightly below average for the country as a whole. Rent for two bedroom apartments averages around $1,360 while grocery costs are just slightly higher than the national average at 105 index points versus 100.
The local economy in Berkshire is largely driven by tourism due to its close proximity to nearby ski resorts such as Killington and Okemo Mountain Resort. Other businesses are mainly small family owned operations like Maple Valley Farm which produces award winning cheese and dairy products, and Nordica Homestead Winery which specializes in locally grown wines.
There are also a number of unique attractions available to visitors such as the Stowe Recreation Path which provides scenic views along its five mile loop or the historic Tunbridge World’s Fair held every year in September. With so much to explore and enjoy, it’s easy to see why Berkshire has become one of Vermont’s top destinations for families seeking an escape from city life.
Berkshire has an unemployment rate of 3.8%. The US average is 6.0%.
Berkshire has seen the job market decrease by -8.3% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Berkshire
- The Sales Tax Rate for Berkshire is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Berkshire 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 Berkshire
- The average income of a Berkshire resident is $31,510 a year. The US average is $37,638 a year.
- The Median household income of a Berkshire resident is $71,806 a year. The US average is $69,021 a year.