Zip 05471 (Montgomery Center, VT) Economy


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05471 Montgomery Center, VT is a great place to live. With a population of only 512, the town retains its small-town charm while still offering modern amenities. Rent for two bedroom apartments in the area averages $1,330, which is significantly lower than the national average of $1,430. The Grocery Cost Index here is also lower than the US average at 105 versus 100. Local companies include North Country Auto Supply, Montgomery Auto Repair & Service Center, and T&V Greenhouse & Nursery. Visitors can explore the many historical sites in the area or relax in one of the nearby parks such as Noyes Park or Montgomery Village Park. Whether you’re looking for a quiet place to call home or just a fun weekend getaway, 05471 Montgomery Center has something for everyone.

Montgomery Center (zip 05471) has an unemployment rate of 3.2%. The US average is 6.0%.

Montgomery Center (zip 05471) has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.

Tax Rates for Montgomery Center (zip 05471)
- The Sales Tax Rate for Montgomery Center (zip 05471) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Montgomery Center (zip 05471) 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 Montgomery Center (zip 05471)
- The average income of a Montgomery Center (zip 05471) resident is $29,663 a year. The US average is $37,638 a year.
- The Median household income of a Montgomery Center (zip 05471) resident is $27,107 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMontgomery Center, VermontUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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