Worcester, Vermont is a small city located in the northern part of the state. It is known for its stunning mountain views, quaint downtown area, and easy access to outdoor activities such as hiking and skiing. The cost of living in Worcester is quite affordable compared to other cities in Vermont and the US overall. For example, two bedroom rent in Worcester is about $1,270 per month which is lower than the national average of $1,430. Similarly, grocery costs are indexed at 108 compared to 100 across the US. Local businesses make up much of Worcester's economy including restaurants like The Brick House Grille & Tavern and stores like Thayer's Country Store & Hardware. Overall, Worcester provides a great quality of life at an affordable price compared to other parts of Vermont and the United States.
Worcester has an unemployment rate of 1.5%. The US average is 6.0%.
Worcester has seen the job market decrease by -6.4% 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 Worcester
- The Sales Tax Rate for Worcester is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Worcester is 6.8%. The US average is 4.6%.
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Income and Salaries for Worcester
- The average income of a Worcester resident is $35,324 a year. The US average is $37,638 a year.
- The Median household income of a Worcester resident is $66,250 a year. The US average is $69,021 a year.