Tunbridge, VT (05077) is a small rural town located in Orange County. The median 2 bedroom rent is $1,100 per month, which is significantly lower than the national average of $1,430 per month. Additionally, the Grocery Cost Index in Tunbridge is 107 versus 100 in the US, indicating goods are more expensive here than the national average.
Tunbridge’s economy relies heavily on small businesses located within its borders such as Monadnock Farm & Garden Supply and Tunbridge Fairgrounds. Monadnock Farm & Garden Supply is a family-run business that provides farm and garden supplies to local farmers and homeowners alike. They also have an educational center where they hold workshops for those interested in farming or gardening practices. The Tunbridge Fairgrounds play an important role in the community by hosting events throughout the year such as the annual fair and auction during late summer. Both of these companies provide employment opportunities to local residents as well as revenue for businesses that cater to visitors who come from out of town to attend these events. They also contribute to the economy through taxes paid to state and local authorities.
Tunbridge (zip 05077) has an unemployment rate of 3.1%. The US average is 6.0%.
Tunbridge (zip 05077) has seen the job market increase by 1.1% 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 Tunbridge (zip 05077)
- The Sales Tax Rate for Tunbridge (zip 05077) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Tunbridge (zip 05077) 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 Tunbridge (zip 05077)
- The average income of a Tunbridge (zip 05077) resident is $30,962 a year. The US average is $28,555 a year.
- The Median household income of a Tunbridge (zip 05077) resident is $69,750 a year. The US average is $69,021 a year.