Cambridge, VT is a small town located in the Green Mountain State. It is known for its tranquil atmosphere and beautiful scenery, with rolling hills, lush valleys, and stunning mountain views. The local economy relies heavily on forestry, agriculture, and tourism. Renting a two bedroom apartment in Cambridge can be expensive at $1,290 compared to the US of $1,430; however this is offset by the fact that grocery costs are lower than average in Cambridge with an index of 108 as opposed to 100 in the US. \nThe town's main attractions include local companies such as The General Store which has been open since 1921 providing a variety of goods from food to hardware; Maple Wind Farm which produces quality grass-fed beef and sheep products; Green Valley Enterprises for reliable landscaping services; and Stowe Country Excursions for guided hikes or snowshoe tours to enjoy the beauty of the local area. Cambridge, VT is an excellent choice for those looking for a quiet rural retreat close to nature.
Cambridge has an unemployment rate of 3.1%. The US average is 6.0%.
Cambridge has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Cambridge
- The Sales Tax Rate for Cambridge is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cambridge 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 Cambridge
- The average income of a Cambridge resident is $34,606 a year. The US average is $37,638 a year.
- The Median household income of a Cambridge resident is $78,816 a year. The US average is $69,021 a year.