Living in the small town of 05903 Canaan, VT can be a great way to settle into a quiet life while being mindful of your budget. The average two-bedroom rent here is $830, which is much lower than the US average of $1,430. In addition, the grocery cost index for this area is 104 versus 100 in the US. This makes it possible to save money on basic expenses and still have enough left over for other necessities. To make your budget-friendly lifestyle work, consider visiting local businesses such as Canaan Ace Hardware and Norris Automotive for purchasing home essentials or car parts. Additionally, research online stores or take advantage of sales to get things at a discounted price. Lastly, find ways to reduce other costs such as entertainment or eating out by hosting large meals at home or creating fun activities with friends and family outdoors. With these helpful tips, you can easily manage living in 05903 Canaan, VT on a tight budget!
Canaan (zip 05903) has an unemployment rate of 4.8%. The US average is 6.0%.
Canaan (zip 05903) has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Canaan (zip 05903)
- The Sales Tax Rate for Canaan (zip 05903) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Canaan (zip 05903) 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 Canaan (zip 05903)
- The average income of a Canaan (zip 05903) resident is $20,250 a year. The US average is $28,555 a year.
- The Median household income of a Canaan (zip 05903) resident is $53,155 a year. The US average is $69,021 a year.