Statistics About The Average Cost Of Living In Vermont

In this post, we will explore the average cost of living in Vermont based on various statistics. Vermont’s cost of living is influenced by factors such as housing, healthcare, taxes, transportation, and more. Understanding these numbers can provide insight into the financial considerations for residents and potential newcomers in the state. Let’s dive into the data to get a clearer picture of the average expenses in the Green Mountain State.

Statistic 1

"The average monthly rent for a one-bedroom apartment in Vermont is around $1,050."

Statistic 2

"Vermont's average annual income is about $70,000."

Statistic 3

"The average annual cost of infant care in Vermont is $12,078."

Statistic 4

"The cost of living index for Vermont is about 102.8."

Statistic 5

"On average, Vermont residents spend about 10.7% of their income on healthcare."

Statistic 6

"The average health insurance premium for a single adult in Vermont is $575 per month."

Statistic 7

"The average state income tax rate in Vermont is 6.6%."

Statistic 8

"The sales tax rate in Vermont is 6%."

Statistic 9

"The average price of gasoline in Vermont is around $2.36 per gallon."

Statistic 10

"The average cost of living in Vermont is about 12% higher than the national average."

Statistic 11

"Vermont has the second lowest crime rate in the United States, contributing to higher housing costs."

Statistic 12

"Vermont's average transportation costs are approximately $814 per month."

Statistic 13

"Vermont has the 13th highest childcare costs in the nation."

Statistic 14

"Vermont's unemployment rate as of 2022 is 2.8%."

Statistic 15

"The median home price in Vermont is approximately $251,000."

Statistic 16

"The average utility bill in Vermont is about $370 per month."

Statistic 17

"Vermont residents pay around 11% of their income on property taxes."

Statistic 18

"The median age of homes in Vermont is 45 years old."

Statistic 19

"Vermont ranks 14th in the United States for the highest grocery costs."

Statistic 20

"Vermont's average income per capita is about $33,865."

In conclusion, the average cost of living in Vermont is influenced by several key statistics, including relatively higher housing costs such as an average rent of $1,050 for a one-bedroom apartment, and a median home price of $251,000. Vermont also exhibits above-average expenses in areas such as childcare, healthcare, and property taxes, with residents spending about 10.7% of their income on healthcare and around 11% on property taxes. Additionally, the state’s average income per capita is approximately $33,865, with an average annual income of $70,000, although Vermont’s average cost of living is about 12% higher than the national average. These statistics collectively paint a picture of the financial landscape in Vermont, highlighting both the higher expenses and quality of life factors, such as low crime rates and scenic surroundings, that contribute to the overall cost of living in the state.