Zip 05663 (Northfield, VT) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
United States / Vermont / Barre Metro Area / Washington County / No City / Northfield (zip 05663)
05663 Northfield, VT is a great place to live with plenty of amenities and attractions. The cost of living is very reasonable with two bedroom rent costing $1,220 per month; which is lower than the US average of $1430, and the Grocery Cost Index being 106 versus 100 in the US. There are many local companies in Northfield, VT including The Creamery at Vermont Valley Community Farm, Norwich Bookstore & Café, The Taft Farms Forestry Services, Commonwealth Solar LLC, and One Dragon Martial Arts. All of these businesses provide unique experiences for residents and visitors alike.

Northfield (zip 05663) has an unemployment rate of 2.7%. The US average is 6.0%.

Northfield (zip 05663) has seen the job market increase by 1.9% 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 Northfield (zip 05663)
- The Sales Tax Rate for Northfield (zip 05663) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Northfield (zip 05663) 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 Northfield (zip 05663)
- The average income of a Northfield (zip 05663) resident is $28,504 a year. The US average is $37,638 a year.
- The Median household income of a Northfield (zip 05663) resident is $67,755 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorthfield, VermontUnited States
  2.76
  -7.1%-6.2%
  31.5%33.5%
  6.0%6.2%
  6.6%4.6%
  $28,504$37,638
  $67,755$69,021
  $84,306$85,028
  Population by Occupation
  1.2%1.2%
  0.8%0.5%
  10.9%6.8%
  4.1%10.0%
  0.6%2.5%
  11.5%11.0%
  1.9%4.8%
  0.0%0.8%
  5.3%1.9%
  4.8%4.7%
  1.4%1.9%
  4.7%7.6%
  0.0%0.1%
  3.6%4.2%
  11.7%9.3%
  12.0%14.0%
  2.2%2.1%
  6.1%7.0%
  6.3%4.8%
  10.7%4.7%
Health