Montpelier, VT (05602) is a charming city located in central Vermont with a population of about 8,000 people. It's home to some great local businesses such as Capitol Grounds Cafe, The Skinny Pancake, Positive Pie and Winooski Farm & Garden Center. Rent for a two bedroom apartment in Montpelier is around $1,240 which is slightly lower than the US average of $1,430. Its Grocery Cost Index is also lower than the US average at 109 versus 100 in the US respectively. This means that overall, living costs are cheaper in Montpelier than other cities nationwide making it an attractive option for potential residents.
Montpelier (zip 05602) has an unemployment rate of 2.7%. The US average is 6.0%.
Montpelier (zip 05602) has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Montpelier (zip 05602)
- The Sales Tax Rate for Montpelier (zip 05602) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Montpelier (zip 05602) 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 Montpelier (zip 05602)
- The average income of a Montpelier (zip 05602) resident is $42,826 a year. The US average is $37,638 a year.
- The Median household income of a Montpelier (zip 05602) resident is $72,040 a year. The US average is $69,021 a year.