Dorset, VT is an affluent town located in Bennington County. It is known for being one of the wealthiest towns in Vermont and has a population of approximately 2,000 people. The cost of living in Dorset is higher than the average for the US as evidenced by its 2 bedroom rent, which is $1,470 compared to $1,430 nationally. In addition to high rental rates, the grocery cost index in Dorset is 106 compared to 100 nationally.
The town of Dorset is home to several businesses including Orvis Company Inc., Maple Valley Creamery Inc., and Frogs Leap Public House & Tavern. Orvis Company Inc., founded in 1856 by Charles F. Orvis, specializes in selling outdoor apparel and sporting gear while Maple Valley Creamery Inc., established over 80 years ago, produces locally sourced dairy products including cream cheese and sour cream. Frogs Leap Public House & Tavern offers a unique dining experience with traditional American cuisine that includes freshly prepared dishes made from local ingredients.
Overall, Dorset, VT provides its residents with a high quality of life but at a relatively higher cost than many other areas in the US due to its housing costs and grocery prices index being above average compared to national levels.
Dorset has an unemployment rate of 3.3%. The US average is 6.0%.
Dorset has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 26.1%, which is lower than the US average of 33.5%.
Tax Rates for Dorset
- The Sales Tax Rate for Dorset is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Dorset 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 Dorset
- The average income of a Dorset resident is $41,940 a year. The US average is $37,638 a year.
- The Median household income of a Dorset resident is $68,333 a year. The US average is $69,021 a year.