Newfane, Vermont (05345) is a small rural town located in the heart of the Green Mountains. With a population of just over 1,000 people, it has a close-knit community atmosphere with friendly neighbors and excellent outdoor recreation opportunities. The average 2 Bedroom rent in Newfane is $1,150 per month which is slightly lower than the US average of $1,430 per month. The Grocery Cost Index in Newfane is also slightly lower than the national average at 104 versus 100 in the US. \nThe area also offers plenty of local businesses to choose from such as Olde Corner Store, Newfane General Store, Red Rock Lawn Care & Snow Plowing and Down Street Market & Cafe. These stores offer everything from fresh produce to hardware supplies and home-cooked meals for locals and visitors alike. There are also several small farms nearby that are growing organic produce for the local markets.
Newfane (zip 05345) has an unemployment rate of 4.0%. The US average is 6.0%.
Newfane (zip 05345) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Newfane (zip 05345)
- The Sales Tax Rate for Newfane (zip 05345) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Newfane (zip 05345) 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 Newfane (zip 05345)
- The average income of a Newfane (zip 05345) resident is $27,013 a year. The US average is $28,555 a year.
- The Median household income of a Newfane (zip 05345) resident is $63,938 a year. The US average is $69,021 a year.