Royalton, VT is a small town located in central Vermont. With a population of 2,527, it's an affordable place to live. It features a low 2 bedroom rent of $1,120 compared to the US average of $1,430. It also boasts a high grocery cost index of 107 versus the US average of 100. Local companies include The Book Nook & Java Shop, Royalton Market & Deli, and Green Mountain Power. All three are key members of the local community providing goods and services for residents and visitors alike.
Royalton has an unemployment rate of 3.8%. The US average is 6.0%.
Royalton has seen the job market decrease by -5.7% 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 Royalton
- The Sales Tax Rate for Royalton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Royalton 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 Royalton
- The average income of a Royalton resident is $38,562 a year. The US average is $37,638 a year.
- The Median household income of a Royalton resident is $67,000 a year. The US average is $69,021 a year.