Our cost of living indices are based on a US average of 100. An amount below 100 means Vermont is cheaper than the US average.
Vermont cost of living is 95.2.
| COST OF LIVING | Vermont | United States |
|---|---|---|
| Overall | 95.2 | 100 |
| Grocery | 106.7 | 100 |
| Health | 107.7 | 100 |
| Housing | 88.5 | 100 |
Contents
Is it expensive to live in Vermont?
You may be surprised to learn housing costs in Vermont are relatively affordable. Not only is Vermont housing affordable compared to its expensive east coast neighbors, but the Green Mountain State even falls below the national average. Overall, Vermont housing costs are 11.5% cheaper than the national average.
Is Vermont an affordable place to live?
Vermont’s natural beauty and tight-knit communities make it a great place to live.However, these benefits come at a price: Vermont has a higher cost of living than many other states. That doesn’t mean that you can’t find affordable living here, though.
Is it worth moving to Vermont?
Rates are still affordable, but you might want to rent before committing to 30 years of Vermont winters. Your kids will thank you later: Green Mountain state schools are among the top in the nation. Yet another reason why moving to the Northeast may be your family’s best choice.
Is it cheaper to live in NY or VT?
The cost of living in Burlington, VT is -32.3% lower than in New York, NY.Employers in Burlington, VT typically pay -18.1% less than employers in New York, NY.
What is a good salary in Vermont?
Average Salary in Vermont
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $89,368 | $43 |
| 75th Percentile | $73,481 | $35 |
| Average | $61,581 | $30 |
| 25th Percentile | $49,152 | $24 |
Is Vermont good for retirees?
When it comes to taxes, Vermont is not necessarily a great state for retirees. It taxes most forms of retirement income at rates ranging from 3.35% to 8.75%. This includes Social Security retirement benefits and income from most types of retirement accounts.
What is minimum wage in VT?
$11.75
– The Vermont Department of Labor has announced an increase to the State’s minimum wage. Beginning January 1, 2022, the State’s minimum wage will become $12.55 per hour. This is an increase of $0.80 from the current minimum wage of $11.75. This annual adjustment also impacts the minimum wage for tipped employees.
What is the least expensive state to live in?
Mississippi
1. Mississippi. The cheapest state to live in in the United States is Mississippi. Overall, Mississippi’s average cost of living is about 15% lower than the national average cost of living.
What are the benefits of living in Vermont?
List of the Pros of Living in Vermont
- You have a surprising amount of space to enjoy in Vermont.
- You can still enjoy a coastal community.
- You will live in a community which is almost always politically engaged.
- You can’t fake it to make it in Vermont.
- Vermont likes to take a simple approach to life.
How much snow does Vermont get?
Vermont. Vermont receives more snow per year than any other state. Vermont sees about 54 days of snow per year and an average of 89.25 inches per year. In the 2018-2019 winter season, Vermont received 201 inches of snow.
Is Vermont red or blue?
Vermont has voted Democratic in every presidential election since. Since 2004, Vermont has been one of the Democrats’ most loyal states.
How bad are winters in Vermont?
Vermont
Vermont has some seriously brutal winters, with most areas averaging around 8ft of snow.Partially that’s because Vermont also boasts the best skiing by far of all of the East Coast, and partially it’s because the over-consumption of maple syrup can do some crazy things to a person’s psyche.
Is Vermont safe?
In 2018, Wallethub named Vermont the Safest State in America, and CNBC awarded it the title of Best State to Live in America. According to SafeWise,Vermont beats the national rates for property and violent crime. Vermont reported 19.89 property incidents per 1,000 people, compared to the national rate of 27.11.
Why you should move to Vermont?
Our state has access to pristine and natural areas and parks, organic and healthy food, environmentally and socially aware residents, friendly locals, and a relaxed and casual way of living life. The Green Mountain State is a perfect place to live if you are okay with living in a little city or small town.
What is Vermont known for?
Vermont is known for foods like Vermont cheddar cheese, maple syrup and the ever-popular Ben and Jerry’s ice cream. It is also home to many farms, artisan foods, fresh produce, wineries and breweries.Vermont is the largest producer of maple syrup in the U.S. and it’s a popular part of Vermont culture.
Is Vermont a good state to live in?
One of the Safest States in America – Vermont has such low crime rates; it’s consistently at the top of the charts for safety. This makes it a great place for families, retirees and pretty much anyone looking for a secure and safe place to live.
What is the median household income in Vermont?
$61,973
Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2019 dollars), 2015-2019 | $61,973 |
| Per capita income in past 12 months (in 2019 dollars), 2015-2019 | $34,577 |
| Persons in poverty, percent | 10.2% |
What is the least populated town in Vermont?
Vergennes
It is the smallest of Vermont’s nine cities in terms of population, though the city of Winooski covers a smaller area. It was the first city chartered in the state of Vermont.
| Vergennes, Vermont | |
|---|---|
| Elevation | 194 ft (59 m) |
| Population (2020) | |
| • Total | 2,553 |
| • Density | 1,000/sq mi (390/km2) |
Does Vermont have income tax?
Vermont’s Income Tax
Vermont has a progressive state income tax. Five tax rates tax income earned in different amounts, or “bands,” at higher levels. The lowest rate starts at 3.55%, then progressively bumps up to 7%, 8.25%, 8.9%, and tops out at 9.4%.
What are property taxes like in Vermont?
The average effective property tax rate in Vermont is 1.86%, which ranks as the fifth-highest rate in the U.S. The typical homeowner in Vermont can expect to spend $4,340 annually in property taxes.
