Everything You Need to Know About the City of Bennington Vermont
In 2017, Bennington, Vermont had a population of 8.81k people with a median age of 42.8 and a median household income of $42,880 dollars. Between 2016 and 2017 the population of Bennington, VT declined from 8,945 to 8,813, a -1.48 percent decrease, and its median household income grew from $37,001 dollars to $42,880 dollars, a 15.9 percent increase.
The population of Bennington, VT is 94.4 percent White Alone, 2.38 percent Hispanic or Latino, and 1.83 percent Two or More Races. N/A% of the people in Bennington, VT speak a non-English language, and 98.8 percent are U.S. citizens.
The median property value in Bennington, VT is $158,600 dollars, and the homeownership rate is 55.4 percent. Most people in Bennington, VT commute by Drove Alone, and the average commute time is 15.8 minutes. The average car ownership in Bennington, VT is 2 cars per household.
HEALTH
95.2 percent of the population of Bennington, VT has health coverage, with 34.2 percent on employee plans, 35.5 percent on Medicaid, 14.6 percent on Medicare, 9.49 percent on non-group plans, and 1.45 percent on military or VA plans.
Per capita personal health care spending in the place of Bennington, VT was $10,190 dollars in 2014. This is a 2.73 percent increase from the previous year ($9,919 dollars).
Primary care physicians in Bennington, VT see 1038 patients per year on average, which represents an 8.24 percent increase from the previous year (959 patients). Compare this to dentists who see 1293 patients per year, and mental health providers who see 233 patients per year.
Comparing across all counties in the state, Essex County has the highest prevalence of diabetes (11.2 percent). Additionally, Caledonia County has the highest prevalence of adult obesity (30.5 percent).
ECONOMY
The economy of Bennington, VT employs 3.89k people and Bennington has an unemployment rate of 4.1 percent. Bennington has seen the job market increase by 0.2 percent over the last year. Future job growth over the next ten years is predicted to be 24.9 percent, which is lower than the US average of 33.5 percent. The biggest industries in Bennington, VT are Retail Trade (665 people), and Manufacturing (688 people), Health Care & Social Assistance (715 people), and the highest paying industries are Professional, Scientific, & Technical Services ($106,726 dollars), Finance & Insurance, & Real Estate & Rental & Leasing ($49,012 dollars), and Finance & Insurance ($49,012 dollars).
Households in Bennington, VT have a median annual income of $42,880 dollars, which is less than the median annual income of $61,937 dollars across the entire United States. This is in comparison to a median income of $37,001 dollars in 2016, which represents a 15.9 percent annual growth.
Tax Rates for Bennington
– The Sales Tax Rate for Bennington is 6.0 percent.
– The Income Tax Rate for Bennington is 6.8 percent.
– Tax Rates can have a big impact when Comparing the Cost of Living.
Income and Salaries for Bennington
– The average earnings of a Bennington resident are $24,386 dollars a year.
– The Median household earnings of a Bennington resident is $36,990 dollars a year.
