Zip 05158 (Westminster, VT) Economy


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United States / Vermont / No Metro Area / Windham County / No City / Westminster (zip 05158)
\nWestminster, VT 05158 is a small town with a population of about 1,500 people. The cost of renting two bedroom apartments here is much lower than across the US, at only $1,140 per month. Similarly, the grocery cost index in Westminster is 102 versus 100 in the US. This makes Westminster an affordable place to live for those looking to save money without sacrificing on quality of life.
The town offers many amenities including local shops and restaurants such as Nana’s Hammer Brewing Company, Martin Memorial Hall Community Center, Hinesburg Town Hall and White River Junction Farmers Market. There are also parks and recreation areas available for residents to enjoy such as Railroad Park and Kilton Public Library. With its affordable rent and grocery costs as well as its various amenities, Westminster is an ideal place for people to call home.

Westminster (zip 05158) has an unemployment rate of 4.0%. The US average is 6.0%.

Westminster (zip 05158) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.

Tax Rates for Westminster (zip 05158)
- The Sales Tax Rate for Westminster (zip 05158) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Westminster (zip 05158) 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 Westminster (zip 05158)
- The average income of a Westminster (zip 05158) resident is $27,770 a year. The US average is $28,555 a year.
- The Median household income of a Westminster (zip 05158) resident is $80,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWestminster, VermontUnited States
  46
  -8.5%-6.2%
  22.2%33.5%
  6.0%6.2%
  6.6%4.6%
  $36,863$37,638
  $80,250$69,021
  $91,944$85,028
  Population by Occupation
  0.9%1.2%
  0.0%0.5%
  11.4%6.8%
  16.4%10.0%
  2.2%2.5%
  9.3%11.0%
  8.6%4.8%
  0.0%0.8%
  2.6%1.9%
  8.4%4.7%
  1.5%1.9%
  0.9%7.6%
  0.0%0.1%
  3.5%4.2%
  8.8%9.3%
  3.9%14.0%
  0.6%2.1%
  1.9%7.0%
  14.2%4.8%
  5.0%4.7%
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