A wise sage once said:
“She works hard for the money…”
And these places in Vermont definitely treat her right.
You see, these are the cities and places in Vermont where the cost of living is the lowest; where your salary goes the furthest. And when if you have the luxury of choosing where to live in the Green Mountain State, then the cost of living should play a role in the decision.
So we did the hard for you and crunched the numbers to find the cities that have lower food, energy, and housing costs. After the dust settled on our analysis of the 20 largest places in Vermont, we were left with this set of the best value for your money.
So where is the cheapest place to live in Vermont? That would be Enosburg Falls.
So listen up Burlington (the most expensive place in Vermont) as we explain how we created this ranking. You could learn some things from the rest of the state.
And if you already knew these places were cheap, check out some more reading about Vermont and the cheapest places in the country:
How We Determined The Most Affordable Places To Live In The Green Mountain State For 2019
The two most important things to think about when it comes to being able to afford if you can live comes down to:
- How much do money do I make?
- How much do I have spend to live there?
You need to understand your costs in the context of how much money you make.
For example, if the median household earns $100,000 and spends $40,000 on housing it’s actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.
With that example in mind, we derived several statistics from the latest Census American Community Survey 2013-2017 around incomes and costs. They are:
- Median Home Price / Median Income (lower is better)
- Median Income / Median Rent (Higher is better)
- Median Home Price
We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).
You can then compare these metrics in each of the places in Vermont to figure out which is the least expensive.
What you are left with is a “Cost of Living Index” by taking the average rank of each of these metrics for each city.
So we used that cost of living index in order to rank all of the 20 places in Vermont that have more than 1,000 people.
The place with the lowest cost of living in Vermont according to the data is Enosburg Falls.
The 10 Cheapest Places To Live In Vermont For 2019
The median income in Enosburg Falls comes in at $47,083 and the median home value is $166,500 for 2019.
The median income in Poultney comes in at $42,440 and the median home value is $136,300 for 2019.
The median income in Newport comes in at $38,576 and the median home value is $129,800 for 2019.
The median income in St. Albans comes in at $50,247 and the median home value is $172,400 for 2019.
The median income in Swanton comes in at $48,661 and the median home value is $179,000 for 2019.
The median income in Rutland comes in at $42,861 and the median home value is $150,900 for 2019.
Montpelier is the capital city of the U.S. state of Vermont and the seat of Washington County. As the site of Vermont’s state government, it is the least populous state capital in the United States. The population was 7,855 at the 2010 census. However, the daytime population swells to about 21,000, due to the large number of jobs within city limits. The Vermont College of Fine Arts and New England Culinary Institute are located in the municipality. It was named for Montpellier, France.
The median income in Montpelier comes in at $60,793 and the median home value is $235,300 for 2019.
The median income in North Bennington comes in at $50,063 and the median home value is $191,200 for 2019.
The median income in Vergennes comes in at $56,250 and the median home value is $217,000 for 2019.
The median income in Lyndonville comes in at $32,458 and the median home value is $132,300 for 2019.
There You Have It Mr. Or Mrs. Vermont Cheapskate
If you’re looking at the cost of living numbers in Vermont, this is an accurate list of the most affordable places to live in vermont for 2019.
Here’s a look at the most expensive cities in Vermont according to the data:
- South Burlington
For more Vermont reading, check out: