Townshend, VT is an attractive place to live for its affordability and convenience. The average rent for a two-bedroom apartment in Townshend is $1,120, which is significantly lower than the US average of $1,430. Furthermore, the grocery cost index in Townshend is 104 versus the national average of 100 making groceries more affordable. Local businesses add to the charm of living here such as The Gleanery Restaurant & Market, a family owned market and restaurant serving organic local food; Townshend Country Store & Cafe offering a variety of products from local artisans; and North Star Forge providing custom metal forging services. All in all, Townshend provides a laid back rural atmosphere with easy access to city amenities and makes for an ideal place to call home.
Townshend has an unemployment rate of 3.2%. The US average is 6.0%.
Townshend has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Townshend
- The Sales Tax Rate for Townshend is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Townshend 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 Townshend
- The average income of a Townshend resident is $37,163 a year. The US average is $28,555 a year.
- The Median household income of a Townshend resident is $73,068 a year. The US average is $69,021 a year.