Richford, VT is a small town in Franklin County, located just off I-91 in Vermont's Northeast Kingdom. It is home to just under 3,000 people and offers a peaceful quality of life. The cost of living in Richford is slightly lower than the US average with 2 bedroom rent averaging $1,380 compared to $1,430 nationally. The Grocery Cost Index in Richford is also lower than the US average, at 104 versus 100 nationally. Local businesses include North Country Supermarket, the Town House Restaurant & Tavern, and Houghton's Auto Repair. All provide excellent services that are great for residents or visitors looking for a quality experience.
Richford has an unemployment rate of 5.2%. The US average is 6.0%.
Richford 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 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Richford
- The Sales Tax Rate for Richford is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Richford 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 Richford
- The average income of a Richford resident is $23,012 a year. The US average is $37,638 a year.
- The Median household income of a Richford resident is $52,946 a year. The US average is $69,021 a year.