Zip 05081 (Wells River, VT) Economy


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United States / Vermont / No Metro Area / Orange County / No City / Wells River (zip 05081)
Wells River, Vermont (05081) is a small but vibrant community located in the Upper Valley region of New England. In Wells River, you can find comfortable living at an affordable rate. The average 2-bedroom rent is $1,140, significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index here is 103 compared to 100 for the country as a whole.
Residents of Wells River have access to a wide range of local businesses and amenities. These include the Wells River Savings Bank which offers local banking services; Sikes Store which provides grocery items and hardware supplies; and F&F Restaurant with its delicious restaurant specialties. For outdoor recreation, there are several hiking trails nearby like Gile Mountain Trail and Connecticut Riverwalk Trail. The area also boasts some beautiful historic landmarks such as Moore Free Library and Odiorne Farmstead Park that are sure to captivate visitors.

Wells River (zip 05081) has an unemployment rate of 3.1%. The US average is 6.0%.

Wells River (zip 05081) has seen the job market decrease by -6.3% 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 Wells River (zip 05081)
- The Sales Tax Rate for Wells River (zip 05081) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Wells River (zip 05081) 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 Wells River (zip 05081)
- The average income of a Wells River (zip 05081) resident is $22,484 a year. The US average is $37,638 a year.
- The Median household income of a Wells River (zip 05081) resident is $48,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWells River, VermontUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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