Newfane, VT is a small town nestled in the beautiful green hills of central Vermont. The town is well known for its vibrant local businesses and picturesque scenery. While rental prices in Newfane are slightly below the national average, groceries are more expensive due to the cost of living being higher than most of the US. Some notable local companies include Newfane Hardware & Supply, Little Rivers Inn & Restaurant, and the White House Inn Bed & Breakfast. All three offer top-notch services and products that make them sought after throughout Vermont and beyond!
Newfane has an unemployment rate of 3.9%. The US average is 6.0%.
Newfane has seen the job market decrease by -8.3% 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 Newfane
- The Sales Tax Rate for Newfane is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Newfane 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 Newfane
- The average income of a Newfane resident is $36,123 a year. The US average is $37,638 a year.
- The Median household income of a Newfane resident is $59,792 a year. The US average is $69,021 a year.