Washington, VT is a small town located in Washington County with a population of around 1,900. The town has many local businesses such as Union Mutual Insurance Company, Kurn Hattin Homes for Children, and Northfield Savings Bank. Despite being a small town, Washington offers amenities comparable to those found in larger towns and cities. According to recent research, two bedroom rent in Washington is $1,150 which is more affordable than the US average of $1,430. Additionally, the Grocery Cost Index in Washington is 106 compared to 100 nationally; although it’s slightly higher than national averages it’s still affordable considering the quality of life offered in the area. All in all, Washington is an excellent place to live with plenty of local businesses and reasonable costs for living expenses.
Washington has an unemployment rate of 3.6%. The US average is 6.0%.
Washington has seen the job market decrease by -6.4% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Washington
- The Sales Tax Rate for Washington is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Washington 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 Washington
- The average income of a Washington resident is $33,341 a year. The US average is $37,638 a year.
- The Median household income of a Washington resident is $63,417 a year. The US average is $69,021 a year.