Zip 05907 (Norton, VT) Economy


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United States / Vermont / Berlin Metro Area / Essex County / No City / Norton (zip 05907)
05907 Norton, VT is an area with an affordable cost of living. The average 2 Bedroom Rent in this area is $850, which is significantly lower than the US average of $1,430. Also, the Grocery Cost Index in Norton is 106 compared to 100 in the US. This means there are great opportunities for renters looking for quality apartments at a good price. Several local companies such as COUM Realty LLC and J B Realty can provide two-bedroom apartments in the Norton area at competitive prices. These companies have been in business for many years and have a strong reputation among local residents.

Norton (zip 05907) has an unemployment rate of 4.8%. The US average is 6.0%.

Norton (zip 05907) has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.

Tax Rates for Norton (zip 05907)
- The Sales Tax Rate for Norton (zip 05907) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Norton (zip 05907) 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 Norton (zip 05907)
- The average income of a Norton (zip 05907) resident is $25,991 a year. The US average is $28,555 a year.
- The Median household income of a Norton (zip 05907) resident is $48,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorton, VermontUnited States
  4.86
  -6.7%-6.2%
  21.1%33.5%
  6.0%6.2%
  6.6%4.6%
  $32,357$37,638
  $48,000$69,021
  $63,125$85,028
  Population by Occupation
  6.6%1.2%
  0.0%0.5%
  3.3%6.8%
  3.3%10.0%
  0.0%2.5%
  3.3%11.0%
  18.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  16.4%7.6%
  0.0%0.1%
  0.0%4.2%
  4.9%9.3%
  19.7%14.0%
  0.0%2.1%
  9.8%7.0%
  11.5%4.8%
  3.3%4.7%
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