FAQ: How Much Does Vermont Cost?

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.

What salary do you need to live comfortably in Vermont?

Statewide, the average annual salary you need to live comfortably for a family of four is $94,045. The median household income for Vermont residents is around $60,000, meaning you may need to budget wisely to cover all your expenses. In 2021, Vermont’s minimum wage increased from $10.96 to $11.75 per hour.

Why are houses so cheap in Vermont?

That happens much less in Vermont because the culture around money is much thriftier, and there are just fewer things to buy. Housing dollars go a lot further in Vermont than in New York, Boston or San Francisco—if you’re buying. Rents are more expensive than you might expect, but you get a lot more for your money.

What is Vermont like to live in?

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.

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Where should I not live in Vermont?

The 20 Worst Places to Live in Vermont

  • Burlington, Vermont. Only in Your State goes down the list of a few of the most dangerous cities in Vermont.
  • Northfield, Vermont.
  • Brattleboro, Vermont.
  • Lyndonville, Vermont.
  • Winooski, Vermont.
  • Rutland, Vermont.
  • Dover, Vermont.
  • Milton, Vermont.

What taxes do you pay in Vermont?

Vermont has a progressive state income tax with a top marginal rate that ranks as one of the highest in the country. The state also charges a 6% sales tax, with some cities levying an additional 1%. Vermont’s property tax rates also rank among the highest in the U.S.

What are the benefits of living in Vermont?

List of the Pros of Living in Vermont

  • You can still enjoy a coastal community.
  • Vermont likes to take a simple approach to life.
  • Everybody finds a way to work with each other in Vermont.
  • The economy of Vermont is a mixed bag of success.
  • The cost of living in Vermont is higher than average.

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