Halifax, VT is a small town located in Vermont with a population of under 5,000. It's known for its natural beauty and great outdoor activities. The cost of living in Halifax is fairly low as the 2 Bedroom Rent is only $1,150 compared to the US average of $1,430. Additionally, groceries are cheaper here with the Grocery Cost Index at 104 versus 100 in the US.
The local economy consists mostly of small businesses that cater to tourists such as restaurants, ski resorts, lakeside cabins and gift shops. Notable companies located in Halifax include Diggers Port Cafe & Pub, Enchanted Forest Mini Golf and Cosmic Pizza & Subs. There are also many outdoors activities that make Halifax a popular destination such as hiking trails at Moosalamoo National Recreation Area and Rockydale Recreation Area.
Halifax has an unemployment rate of 5.0%. The US average is 6.0%.
Halifax has seen the job market decrease by -8.4% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Halifax
- The Sales Tax Rate for Halifax is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Halifax 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 Halifax
- The average income of a Halifax resident is $27,091 a year. The US average is $37,638 a year.
- The Median household income of a Halifax resident is $50,357 a year. The US average is $69,021 a year.