Woodford, VT is a small rural town located in Bennington County. It is home to several local businesses such as Woodford Hockey Camps, Woodford Glass Works, and The Inn at Woodford. The cost of living in Woodford is relatively low compared to the US due to the median rent for two-bedroom apartments being $1,120 a month; this is over $300 less than the national median for two-bedroom rentals. Additionally, grocery costs are lower than average with an index of 99 versus 100 in the US. Overall, Woodford provides its citizens with affordable living costs while simultaneously providing a variety of options for entertainment and leisure activities.
Woodford has an unemployment rate of 1.0%. The US average is 6.0%.
Woodford has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 26.1%, which is lower than the US average of 33.5%.
Tax Rates for Woodford
- The Sales Tax Rate for Woodford is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Woodford 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 Woodford
- The average income of a Woodford resident is $24,541 a year. The US average is $28,555 a year.
- The Median household income of a Woodford resident is $57,813 a year. The US average is $69,021 a year.