Topsham, VT is a small town with plenty to offer. It has many local businesses such as the Topsham Town Market, a family-owned grocery store, The Country Store which offers a range of goods, and The Tack Shack which provides equestrian supplies. The cost of living in Topsham is quite reasonable; rent for a two-bedroom home averages $1,130 compared to $1,430 in the US while the Grocery Cost Index is 105 versus 100 in the US. All of this makes Topsham an attractive place to live for those looking for an affordable and beautiful home.
Topsham has an unemployment rate of 4.0%. The US average is 6.0%.
Topsham has seen the job market increase by 1.1% 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 Topsham
- The Sales Tax Rate for Topsham is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Topsham 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 Topsham
- The average income of a Topsham resident is $28,906 a year. The US average is $37,638 a year.
- The Median household income of a Topsham resident is $67,557 a year. The US average is $69,021 a year.