Waterford, VT is a small town located in the eastern part of the state. It is known for its natural beauty and many outdoor activities. The cost of living in Waterford is below the national average; with two bedroom rent at $960 compared to $1,430 nationally. Grocery costs are also relatively low with an index score of 106 versus 100 in the US. Waterford has several local businesses such as a flower shop, hardware store, and a farmers market. Residents here enjoy plenty of opportunities for outdoor recreation such as skiing, fishing, and hiking. In addition to these recreational activities, Waterford is known for its strong community spirit and welcoming atmosphere.
Waterford has an unemployment rate of 2.4%. The US average is 6.0%.
Waterford has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Waterford
- The Sales Tax Rate for Waterford is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Waterford 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 Waterford
- The average income of a Waterford resident is $39,921 a year. The US average is $37,638 a year.
- The Median household income of a Waterford resident is $96,136 a year. The US average is $69,021 a year.