Newbury, Vermont is a small town located in Orange County. It has a population of around 600 people and is a great place to live and work. The 2 bedroom rent in Newbury is $1,110, which is much lower than the national average of $1,430. The grocery cost index in Newbury is 106 versus the US average of 100, so groceries are slightly more expensive here than other places.
Newbury offers quiet living with plenty of local businesses and amenities. Some of these include the Gro-Moore Farm Market, a general store, several restaurants, historic buildings and sites like the Brown Public Library and Nehemiah Blaisdell House Museum, many recreational activities including boating on Lake Fairlee and snowmobiling trails in winter months. There are also several churches for spiritual needs as well as churches for special events like weddings or funerals.
Newbury (zip 05051) has an unemployment rate of 3.1%. The US average is 6.0%.
Newbury (zip 05051) has seen the job market decrease by -6.3% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Newbury (zip 05051)
- The Sales Tax Rate for Newbury (zip 05051) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Newbury (zip 05051) 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 Newbury (zip 05051)
- The average income of a Newbury (zip 05051) resident is $34,481 a year. The US average is $37,638 a year.
- The Median household income of a Newbury (zip 05051) resident is $61,518 a year. The US average is $69,021 a year.