Jamaica, VT is a small town located in the state of Vermont. This charming town has a population of only 1,000 people and it's known for its lush rolling hills, natural beauty and warm community spirit. Its cost of living is very reasonable with two bedroom rents coming in at $1,180 compared to $1,430 for the U.S. as a whole. The Grocery Cost Index in Jamaica is 105 versus 100 in the US which means groceries are slightly more expensive in Jamaica than they are nationwide.
In terms of local businesses and attractions, there are many options for residents to take advantage of. The Stratton Mountain Ski Resort is close by and offers an array of winter sports activities to enjoy. There are also plenty of eateries and shops downtown where locals can find all sorts of goods from handcrafted furniture to local produce. Other popular attractions include the Jamaica State Park which provides camping opportunities, hiking trails and fishing spots; as well as the local farmers market with products from local farms. All these things combine to make Jamaica a wonderful place to call home.
Jamaica has an unemployment rate of 3.4%. The US average is 6.0%.
Jamaica has seen the job market decrease by -0.2% 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 Jamaica
- The Sales Tax Rate for Jamaica is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Jamaica 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 Jamaica
- The average income of a Jamaica resident is $24,062 a year. The US average is $28,555 a year.
- The Median household income of a Jamaica resident is $57,800 a year. The US average is $69,021 a year.