North Springfield, VT is a great place to live with its affordable housing and low cost of living. The average 2 bedroom rent in North Springfield is $1,120 compared to a US average of $1,430. In addition, the Grocery Cost Index in North Springfield is 104 versus 100 in the US. Companies like Springville Tool & Manufacturing Inc., Boggs Electronics Inc., and Green Mountain Quality Painting are all based out of North Springfield. All in all, these factors make North Springfield an economically sound place to settle down and raise a family.
North Springfield has an unemployment rate of 3.3%. The US average is 6.0%.
North Springfield 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 28.6%, which is lower than the US average of 33.5%.
Tax Rates for North Springfield
- The Sales Tax Rate for North Springfield is 6.0%. The US average is 7.3%.
- The Income Tax Rate for North Springfield 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 North Springfield
- The average income of a North Springfield resident is $32,942 a year. The US average is $28,555 a year.
- The Median household income of a North Springfield resident is $58,830 a year. The US average is $69,021 a year.