Bloomfield, VT is a small town with many local businesses. It is an affordable place to live, with two bedroom rent at $840 per month as compared to the US median of $1,430. Groceries are also less expensive here, with a grocery index cost of 105 versus 100 in the US. Some local companies in Bloomfield include Cold Hollow Cider Mill and Farm, King's Corner Market, and The Old Branch Inn & Tavern. Cold Hollow Cider Mill and Farm offers apple cider donuts and other homemade treats made from fresh apples grown on their farm. King's Corner Market is a family-owned business where you can get your groceries as well as locally made products such as Vermont cheese and honey. The Old Branch Inn & Tavern serves up some of the best food and drinks around town in a cozy atmosphere. These businesses show what makes Bloomfield such an amazing place to live – vibrant community, affordability, and great homegrown products.
Bloomfield has an unemployment rate of 5.0%. The US average is 6.0%.
Bloomfield has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Bloomfield
- The Sales Tax Rate for Bloomfield is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bloomfield 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 Bloomfield
- The average income of a Bloomfield resident is $50,503 a year. The US average is $37,638 a year.
- The Median household income of a Bloomfield resident is $46,563 a year. The US average is $69,021 a year.