Norton, VT is a small rural town located in the southwest region of Vermont. It offers residents an affordable cost of living, with 2 bedroom rent averaging at only $870 compared to the national average of $1,430. Grocery costs are also lower in Norton when compared to the US average index, making it a great option for people looking for more value in their housing and food. The town is well known for its vast natural beauty and outdoor activities such as hiking and skiing. Local attractions include The Waybury Inn, which is one of the oldest inns in New England, and The Red Hen Bakery which offers freshly baked goods every day. Other notable places worth exploring are Quechee Gorge State Park and Marsh-Billings-Rockefeller National Historic Park. There are also many popular local businesses including Misty Valley Books and Kingdom Taproom & Brewery.
Norton has an unemployment rate of 4.5%. The US average is 6.0%.
Norton has seen the job market decrease by -6.7% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Norton
- The Sales Tax Rate for Norton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Norton 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 Norton
- The average income of a Norton resident is $32,357 a year. The US average is $37,638 a year.
- The Median household income of a Norton resident is $48,000 a year. The US average is $69,021 a year.