Vernon, Vermont is a scenic town with a population of 4,477. It is well known for its beautiful mountain views and charming small-town atmosphere. The cost of living in Vernon is lower than the national average with an average 2 bedroom rent of $1,140 compared to the US average of $1,430. Additionally, grocery costs are slightly higher in Vernon with a Grocery Cost Index of 105 versus 100 in the US. It’s an ideal place to live for those who want to enjoy the outdoors without breaking the bank! Local companies include North Country Smokehouse, Downstreet Housing and Community Development, and The Stem Cell Clinic.
Vernon has an unemployment rate of 3.6%. The US average is 6.0%.
Vernon 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 Vernon
- The Sales Tax Rate for Vernon is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Vernon 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 Vernon
- The average income of a Vernon resident is $31,694 a year. The US average is $28,555 a year.
- The Median household income of a Vernon resident is $78,393 a year. The US average is $69,021 a year.