Find out how much it costs to live in Burlington.
Vermont follows suit with the rest of the Northeast and is certainly not attractive from a tax perspective. Social security taxes, high state income taxes, pension taxes, and estate taxes are the major reasons to make sure you're comfortable with your financial situation before heading to Vermont. Add in a very high cost of living in Burlington and you'll REALLY want to make sure you're feeling comfortable.
Least Tax Friendly
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Social Security Tax?
County + State Sales Tax
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Property Tax Ranking (County Property Tax rank out of 2,773, higher rank=lower rate) *
Cost of Living Index (100=average):
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Vermont has no inheritance tax, but it does have an estate tax if property exceeds $2.75 million. The maximum estate tax rate is 16%.
For more detailed tax information from Kiplinger, visit www.kiplinger.com/tool/retirement/T055-S001-state-by-state-guide-to-taxes-on-retirees/
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Burlington is a fairly ideal location for those looking to continue working: a very low unemployment rate, a nearly 20% employment rate among those over 65, a high income growth rate, and diversified industries to choose from. Some of the potential employers include GE Healthcare, Air National Guard, and if you're really trying to adapt to the snow culture, Burton Snowboards.
GDP Growth Last 3 Years
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Employment Growth Last 3 Years