05904 Gilman, VT is a small town in Vermont that offers cost-effective living. The average 2 bedroom rent for 05904 Gilman, VT is $860 while the national average for 2 bedroom rent is $1,430. This means that there is a significant difference in housing expenses between 05904 Gilman and the rest of the US. In addition to inexpensive rent prices, 05904 Gilman has a local grocery cost index of 100 which is equal to the US grocery cost index. This indicates that groceries are not excessively expensive in this area compared to the rest of the country.
There are many local businesses located in 05904 Gilman including Davis & Son Concrete Inc., Ayer's Garage Inc., Timothea's Beauty Salon, and Checkered Flag Auto Body Shop. These businesses provide employment opportunities as well as goods and services at competitive prices to residents of this small town.
Overall, 05904 Gilman has a low cost of living when compared to other areas due to its inexpensive rental costs and affordable groceries. Local businesses also play an important role in providing goods and services at competitive prices which further contributes to keeping cost of living low for residents.
Gilman (zip 05904) has an unemployment rate of 4.8%. The US average is 6.0%.
Gilman (zip 05904) 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 Gilman (zip 05904)
- The Sales Tax Rate for Gilman (zip 05904) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Gilman (zip 05904) 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 Gilman (zip 05904)
- The average income of a Gilman (zip 05904) resident is $15,677 a year. The US average is $28,555 a year.
- The Median household income of a Gilman (zip 05904) resident is $31,979 a year. The US average is $69,021 a year.