Burlington, VT (05401) is a vibrant city located in Chittenden County. It is the most populous municipality in Vermont and has a metropolitan population of over 200,000 people. The 2 bedroom rent in Burlington is $1,730 which is slightly higher than the US average of $1,430. The grocery cost index in Burlington stands at 112 whereas it’s only 100 in the US. This means that groceries are relatively more expensive here than in other parts of the country.
Burlington offers residents an array of employment opportunities as it is home to major companies such as GlobalFoundries semiconductor manufacturing facility, Burlington International Airport and IBM's software lab. Apart from these, there are many small businesses that provide employment opportunities to local residents.
The city also offers several amenities to its inhabitants including parks for recreation and leisure activities such as Ethan Allen Park and Centennial Woods Park. Additionally, there are numerous golf courses, theatres, shopping malls, restaurants and other entertainment outlets throughout the city that make it an attractive destination for families and individuals.
Burlington (zip 05401) has an unemployment rate of 3.2%. The US average is 6.0%.
Burlington (zip 05401) has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 29.2%, which is lower than the US average of 33.5%.
Tax Rates for Burlington (zip 05401)
- The Sales Tax Rate for Burlington (zip 05401) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Burlington (zip 05401) 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 Burlington (zip 05401)
- The average income of a Burlington (zip 05401) resident is $25,589 a year. The US average is $28,555 a year.
- The Median household income of a Burlington (zip 05401) resident is $54,088 a year. The US average is $69,021 a year.