Rutland, Vermont (05701) is an attractive place to live with a population of 16,495 as of 2018. It's located in Rutland County, which has strong agricultural roots. The 2 bedroom average rent in Rutland is $1,070 which is much more affordable than the US average of $1,430. Grocery costs are slightly higher at 105 on the index compared to 100 in the US.
Rutland offers a variety of businesses and services that cater to its residents such as G.S Blanchard & Sons Inc., Rutland Regional Medical Center, and A&W Hardware & Supply Co., Inc. Art lovers can visit Castleton Downtown Gallery or admire public art around town including sculptures like “People Everywhere” by Jonathan Prince and murals created by local artists. Outdoor enthusiasts can explore trails along Otter Creek or take a short drive out to Killington Ski Resort for a day on the slopes.
The cost of living in Rutland is fairly low compared to other areas in the US making it an attractive place to call home.
Rutland (zip 05701) has an unemployment rate of 4.7%. The US average is 6.0%.
Rutland (zip 05701) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Rutland (zip 05701)
- The Sales Tax Rate for Rutland (zip 05701) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Rutland (zip 05701) 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 Rutland (zip 05701)
- The average income of a Rutland (zip 05701) resident is $25,943 a year. The US average is $28,555 a year.
- The Median household income of a Rutland (zip 05701) resident is $55,511 a year. The US average is $69,021 a year.