Berlin, VT is a small city located in Washington County in the northwestern part of the state. It is mostly known for its low cost of living and its rural charm. The average 2 bedroom rent in Berlin, VT is surprisingly lower than the national average at $1,230 per month as compared to $1,430 for the US. In addition, the Grocery Cost Index for Berlin is 108 versus 100 for the US. This makes it an attractive place to live and work due to lower cost of living.
The city also has various businesses that cater to locals and tourists alike. Businesses such as Maple Meadow Farm, Inc., Freemans Roofing & Excavating LLC, and Saint-Gobain Performance Plastics are great examples of local companies that have been successfully operating in Berlin for many years. Maple Meadow Farm is a family owned farm that specializes in producing pure maple syrup since 1898; Freemans Roofing & Excavating LLC provides roofing services and excavations services; Saint-Gobain Performance Plastics manufactures industrial plastic products for various industries around the world including automotive, medical devices, industrial automation, etc. All these companies have contributed to making Berlin a city with numerous employment opportunities and businesses that serve both tourists and locals alike.
Berlin has an unemployment rate of 2.4%. The US average is 6.0%.
Berlin has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Berlin
- The Sales Tax Rate for Berlin is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Berlin 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 Berlin
- The average income of a Berlin resident is $31,535 a year. The US average is $28,555 a year.
- The Median household income of a Berlin resident is $80,789 a year. The US average is $69,021 a year.