Most Expensive Places To Live In Vermont For 2020


We used science and data to determine which cities in Vermont that will put a big dent in your wallet.

Editor’s Note: We updated this article for 2020. This is our sixth time ranking the most expensive places to live in Vermont.

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Everyone wants a home that mixes affordability with comfort and Vermont does this very well. Families love the Green Mountain State's beaches, midlands, and mountains as tourists before moving here and calling it home.

But before you decide to relocate, you have to do some research into the exact cost of living around the state -- and that's how we're going to help you.

These are the places in Vermont that cost a pretty penny -- the most expensive cities in the state.

After we saved up for months and could finally afford it, we landed on this list of the ten most expensive cities in Vermont for 2020.

So where is the most expensive place to live in Vermont? That would be Burlington.
the 2014-2018 American Community Survey for the 20 places in Vermont with more than 1,000 people.

What's the most expensive place to live in Vermont? Well, HomeSnacks crunched the numbers and discovered that Burlington is the most expensive place to live in Vermont.

So hopefully Poultney (the cheapest place to live in Vermont) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.

And if you already knew these places were expensive, check out some more reading about Vermont and the most expensive cities in the country:

The 10 Most Expensive Places To Live In Vermont For 2020

Burlington, VT

Overall SnackAbility

7.5
/10

Population: 42,513
Rank Last Year: 1 (No Change)
Home Price To Income Ratio: 5.5x (2nd most expensive)
Income To Rent Ratio: 42.8x (2nd most expensive)
More on Burlington: Real Estate | Data | Photos

Burlington is the most populous city in the U.S. state of Vermont and the seat of Chittenden County. It is located 45 miles south of the Canada-United States border and 94 miles south of Canada's second most populous municipality, Montreal. The city's population was 42,452 according to a 2015 U.S. census estimate. It is the least populous municipality in the United States to be the most populous incorporated area in a state.

The median income in Burlington comes in at $50,324 and the median home value is $279,000 for 2020.

Woodstock, VT

Overall SnackAbility

6
/10

Population: 1,517
Rank Last Year: 4 (Up 2)
Home Price To Income Ratio: 6.5x (1st most expensive)
Income To Rent Ratio: 57.3x (10th most expensive)
More on Woodstock: Real Estate | Data | Photos

The median income in Woodstock comes in at $61,071 and the median home value is $396,200 for 2020.

South Burlington, VT

Source: Public domain
Overall SnackAbility

9
/10

Population: 18,975
Rank Last Year: 3 (No Change)
Home Price To Income Ratio: 4.2x (5th most expensive)
Income To Rent Ratio: 50.2x (7th most expensive)
More on South Burlington: Real Estate | Data | Photos

South Burlington is a city in Chittenden County, Vermont, United States. It is the second largest city in the U.S. state of Vermont and home to the headquarters of Ben & Jerry's and Vermont's largest mall, the University Mall. It is also one in the principal municipalities of the Burlington, Vermont metropolitan area.

The median income in South Burlington comes in at $71,017 and the median home value is $299,100 for 2020.

Winooski, VT

Overall SnackAbility

8
/10

Population: 7,232
Rank Last Year: 2 (Down 2)
Home Price To Income Ratio: 4.5x (4th most expensive)
Income To Rent Ratio: 44.5x (3rd most expensive)
More on Winooski: Real Estate | Data | Photos

Winooski is a city in Chittenden County, Vermont, United States. Located on the Winooski River, as of the 2010 U.S. Census the municipal population was 7,267. The city is the most densely populated municipality in northern New England, an area comprising the states of Maine, New Hampshire, and Vermont. It is the smallest in area of Vermont's nine incorporated cities. As part of the Burlington, Vermont metropolitan area, it is bordered by Burlington, Colchester, and South Burlington.

The median income in Winooski comes in at $49,663 and the median home value is $221,800 for 2020.

Johnson, VT

Source: Wikipedia User |
Overall SnackAbility

5
/10

Population: 1,532
Rank Last Year: 4 (Down 1)
Home Price To Income Ratio: 4.9x (3rd most expensive)
Income To Rent Ratio: 39.5x (1st most expensive)
More on Johnson: Real Estate | Data | Photos

The median income in Johnson comes in at $33,125 and the median home value is $162,800 for 2020.

Waterbury, VT

Source: Public domain
Overall SnackAbility

6
/10

Population: 1,748
Rank Last Year: 8 (Up 2)
Home Price To Income Ratio: 4.2x (6th most expensive)
Income To Rent Ratio: 59.0x (16th most expensive)
More on Waterbury: Real Estate | Data | Photos

The median income in Waterbury comes in at $56,184 and the median home value is $234,100 for 2020.

Bellows Falls, VT

Overall SnackAbility

7
/10

Population: 2,985
Rank Last Year: 10 (Up 3)
Home Price To Income Ratio: 4.0x (7th most expensive)
Income To Rent Ratio: 44.6x (4th most expensive)
More on Bellows Falls: Real Estate | Data | Photos

The median income in Bellows Falls comes in at $32,576 and the median home value is $130,800 for 2020.

Morrisville, VT

Source: Public domain
Overall SnackAbility

5
/10

Population: 2,183
Rank Last Year: 7 (No Change)
Home Price To Income Ratio: 4.0x (8th most expensive)
Income To Rent Ratio: 54.4x (9th most expensive)
More on Morrisville: Real Estate | Data | Photos

The median income in Morrisville comes in at $42,583 and the median home value is $169,700 for 2020.

Essex Junction, VT

Overall SnackAbility

7
/10

Population: 10,395
Rank Last Year: 6 (Down 3)
Home Price To Income Ratio: 3.8x (12th most expensive)
Income To Rent Ratio: 59.2x (17th most expensive)
More on Essex Junction: Real Estate | Data | Photos

Essex Junction is a village located within the town of Essex in Chittenden County, Vermont, United States. The population was 9,271 at the 2010 census. It was incorporated on November 15, 1892.

The median income in Essex Junction comes in at $75,439 and the median home value is $283,400 for 2020.

Barre, VT

Overall SnackAbility

5
/10

Population: 8,711
Rank Last Year: 9 (Down 1)
Home Price To Income Ratio: 3.9x (9th most expensive)
Income To Rent Ratio: 53.2x (8th most expensive)
More on Barre: Real Estate | Data | Photos

The median income in Barre comes in at $39,187 and the median home value is $154,300 for 2020.

How We Determined The Most Expensive Places To Live In The Green Mountain State For 2020

Map Of The Cheapest Places To Live In Vermont
The two most important things to think about when it comes to being able to afford if you can live comes down to:

  1. How much do money do I make?
  2. 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 2014-2018 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 most 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 highest cost of living in Vermont according to the data is Burlington. You can download the data here.

Taking A Chunk Out Of Your Paycheck In Vermont For 2020

Well there you have it, the places in Vermont that have the highest cost of living, with Burlington ranking as the most expensive city in the Green Mountain State.

Here's a look at the most affordable cities in Vermont according to the data:

  1. Poultney
  2. Enosburg Falls
  3. Swanton

For more Vermont reading, check out:

Detailed List Of The Most Expensive Cities In Vermont

Rank City ExpensiveScore Population Home/Income Ratio Income/Rent Ratio
1 Burlington 2.67 42,513 5.5x 42.8x
2 Woodstock 4.0 1,517 6.5x 57.3x
3 South Burlington 4.67 18,975 4.2x 50.2x
4 Winooski 5.0 7,232 4.5x 44.5x
5 Johnson 6.33 1,532 4.9x 39.5x
6 Waterbury 9.67 1,748 4.2x 59.0x
7 Bellows Falls 10.0 2,985 4.0x 44.6x
8 Morrisville 10.0 2,183 4.0x 54.4x
9 Essex Junction 10.67 10,395 3.8x 59.2x
10 Barre 11.0 8,711 3.9x 53.2x
11 Lyndonville 11.67 1,314 3.9x 46.6x
12 North Bennington 11.67 1,709 3.7x 57.6x
13 Vergennes 11.67 2,612 3.7x 58.1x
14 Montpelier 11.67 7,547 3.8x 64.9x
15 St. Albans 13.33 6,824 3.3x 57.6x
16 Rutland 15.33 15,577 3.4x 58.3x
17 Newport 15.33 4,331 3.2x 50.1x
18 Swanton 15.67 2,371 3.4x 66.0x
19 Enosburg Falls 17.33 1,340 3.3x 70.8x
20 Poultney 17.67 1,552 2.9x 58.6x

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.