Lincoln, VT is a small town located in Addison County, nestled in between the Green Mountains. With a population of 1,165 people according to the last census, Lincoln has a rural atmosphere and plenty of outdoor activities to enjoy. The cost of living in Lincoln is relatively low compared to the rest of the US. For example, for two-bedroom homes rent here averages $1,180 per month versus $1,430 per month on average in the US. Similarly, grocery costs are indexed at 108 compared to 100 nationally. Local businesses that help contribute to the local economy include Bee's Quick Stop convenience store and Lincoln Country Store which offer an array of goods from snacks to lumber supplies.
Lincoln has an unemployment rate of 2.4%. The US average is 6.0%.
Lincoln has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Lincoln
- The Sales Tax Rate for Lincoln is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lincoln 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 Lincoln
- The average income of a Lincoln resident is $36,585 a year. The US average is $37,638 a year.
- The Median household income of a Lincoln resident is $66,985 a year. The US average is $69,021 a year.