Zip 05677 (Waterbury Center, VT) Economy


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United States / Vermont / Barre Metro Area / Washington County / No City / Waterbury Center (zip 05677)
05677 Waterbury Center, VT, is a small rural town located in northern Vermont. It is home to some of Vermont's most beautiful scenery, offering plenty of outdoor activities such as hiking, skiing and kayaking. With its small population of just over 1,500 people, 05677 Waterbury Center offers a peaceful atmosphere and slower pace of life.
The cost of living in 05677 Waterbury Center is higher than the US average due to its rural location. For example, the 2 bedroom rent in this area is $1,470 which is higher than the US 2 bedroom rent at $1,430. Similarly, the Grocery Cost Index in 05677 Waterbury Center is 111 versus 100 in the US. Despite the higher costs associated with this rural area, there are still many local companies that are available to meet residents’ needs. These include local restaurants like Dishwood Cafe & Barbecue and Stowe Kitchen & Bath Store; as well as retail stores such as Mountain Goods and Bright Ideas Lighting Company . All these businesses provide employment opportunities for people who live in 05677 Waterbury Center or those who want to move into the area.

Waterbury Center (zip 05677) has an unemployment rate of 2.7%. The US average is 6.0%.

Waterbury Center (zip 05677) 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 Waterbury Center (zip 05677)
- The Sales Tax Rate for Waterbury Center (zip 05677) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Waterbury Center (zip 05677) 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 Waterbury Center (zip 05677)
- The average income of a Waterbury Center (zip 05677) resident is $36,627 a year. The US average is $28,555 a year.
- The Median household income of a Waterbury Center (zip 05677) resident is $117,891 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWaterbury Center, VermontUnited States
  2.76
  -7.1%-6.2%
  31.5%33.5%
  6.0%6.2%
  6.6%4.6%
  $53,258$37,638
  $117,891$69,021
  $121,984$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  9.0%6.8%
  12.4%10.0%
  4.6%2.5%
  4.1%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  2.5%4.7%
  0.0%1.9%
  12.4%7.6%
  0.0%0.1%
  6.9%4.2%
  11.0%9.3%
  11.3%14.0%
  0.0%2.1%
  7.1%7.0%
  11.5%4.8%
  7.3%4.7%
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