Northfield, VT is a small town in the Green Mountains of New England. The town is home to several local businesses, including Northfield Savings Bank, Norwich University, and Cedar Circle Farm. Although Northfield has a population of less than 5,000 people, it still offers many amenities for its residents. The average rent for a two bedroom apartment in Northfield is $1,240 which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Northfield is 106 versus 100 in the US, meaning that groceries are slightly more expensive here compared to other places. All these factors combined make Northfield an attractive place to live for those looking for an affordable and comfortable lifestyle.
Northfield has an unemployment rate of 2.6%. The US average is 6.0%.
Northfield has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Northfield
- The Sales Tax Rate for Northfield is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Northfield 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 Northfield
- The average income of a Northfield resident is $24,599 a year. The US average is $28,555 a year.
- The Median household income of a Northfield resident is $60,819 a year. The US average is $69,021 a year.