Wilmington, VT (05363) is an ideal place to live with its low cost of living and abundance of local businesses. The 2 bedroom rent in the area is around $1,130 per month, which is significantly lower than the national average of $1,430. The Grocery Cost Index for Wilmington is also much lower at 105 compared to 100 in the US.
Local companies like The Hermitage Club, Sterling College, and New England Wood Pellet are contributing to the strong economy in Wilmington. The Hermitage Club offers year-round outdoor recreation services while Sterling College provides education programs for sustainable agriculture, natural resource management, and outdoor education. New England Wood Pellet produces wood pellets used as fuel for residential heating needs. These businesses have been successful in providing employment opportunities and driving economic growth in Wilmington.
Wilmington (zip 05363) has an unemployment rate of 4.0%. The US average is 6.0%.
Wilmington (zip 05363) 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 Wilmington (zip 05363)
- The Sales Tax Rate for Wilmington (zip 05363) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wilmington (zip 05363) 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 Wilmington (zip 05363)
- The average income of a Wilmington (zip 05363) resident is $30,609 a year. The US average is $28,555 a year.
- The Median household income of a Wilmington (zip 05363) resident is $62,692 a year. The US average is $69,021 a year.