Newbury, VT is a small town located in the Green Mountains of Vermont with a population of just over 4,000 people. With its stunning natural beauty and abundance of outdoor activities, Newbury has something to offer everyone. The cost of living is relatively low in Newbury, with 2 bedroom rent coming in at $1,110 per month versus $1,430 for the US as a whole. Grocery costs are also quite reasonable compared to the national average with an index of 105 versus 100 in the US. Businesses in Newbury include local restaurants like The Barn Restaurant and Gourmet Country Store, Woodard’s General Store for all your shopping needs and even a craft brewery called Trout River Brewing Company. Outdoor activities abound in Newbury with popular attractions including Joe’s Pond for swimming and fishing or go camping or hiking at Wellwood Farm Campground. Whether looking to buy a home or take a weekend vacation in Newbury, VT there is something here for everyone!
Newbury has an unemployment rate of 3.4%. The US average is 6.0%.
Newbury has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Newbury
- The Sales Tax Rate for Newbury is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Newbury 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 Newbury
- The average income of a Newbury resident is $26,873 a year. The US average is $28,555 a year.
- The Median household income of a Newbury resident is $60,867 a year. The US average is $69,021 a year.