Cabot, VT is a small town located in northern Vermont with plenty to offer. The town has a thriving downtown area full of restaurants, boutiques, galleries, and local businesses such as Cabot Natural Foods, Cabot Cheese Factory, and Cabot Creamery. It also boasts numerous outdoor activities such as skiing, kayaking, hiking trails, and more.
When it comes to living expenses in Cabot, VT compared to the US overall there are some notable differences. For starters, 2 bedroom rent in Cabot is $1,240 whereas it is $1,430 in the US on average. Similarly grocery costs tend to be lower in Cabot than elsewhere - the Grocery Cost Index for the town sits at 107 compared to 100 nationally.
Cabot has an unemployment rate of 3.3%. The US average is 6.0%.
Cabot 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 Cabot
- The Sales Tax Rate for Cabot is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cabot 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 Cabot
- The average income of a Cabot resident is $26,671 a year. The US average is $28,555 a year.
- The Median household income of a Cabot resident is $62,671 a year. The US average is $69,021 a year.