Vermont Cost Of Living Statistics


Steve Bennett
Steve Bennett
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Vermont Cost Of Living Statistics 2023: Facts about Cost Of Living in Vermont reflect the current socio-economic condition of the state.

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LLCBuddy editorial team did hours of research, collected all important statistics on Vermont Cost Of Living, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to start a Vermont LLC business in 2023? Maybe for educational purposes, business research, or personal curiosity, whatever it is – it’s always a good idea to gather more information.

How much of an impact will Vermont Cost Of Living Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

Please read the page carefully and don’t miss any words.

Top Vermont Cost Of Living Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 11 Vermont Cost Of Living Statistics on this page 🙂

Vermont Cost Of Living “Latest” Statistics

  • Despite the fact that nurse earnings in Vermont are 9% below the national average, the cost of living there is still high.[1]
  • According to the national association of realtors, the typical sales price of an existing house in the United States is $353,900, while the average home in Vermont will cost $314,562 in 2021.[2]
  • In Vermont, housing costs are 11.5% cheaper than the national average.[3]

Vermont Cost Of Living “Living” Statistics

  • The bureau of economic analysis estimates that Vermont’s median resident pays around $47,397 in annual living expenses.[2]

Vermont Cost Of Living “Other” Statistics

  • Vermont is hoping that by the year 2050, at least 90% of the energy it uses would come from renewable sources.[2]
  • Vermont’s taxes have the highest marginal tax rate at 87.5%.[2]
  • The Tax Foundation’s State Individual Income Tax Rates and Brackets for 2021 placed Vermont as having the 4th highest tax burden, with an effective tax rate of 12.3%.[2]
  • Even with high utility rates, Vermont leads the country in the production of renewable energy, and in the year 2020, it actually produced 10% of its power from renewable sources.[2]
  • Homes in Vermont’s Chittenden County, which is home to the vibrant metropolis of Burlington, sold on average for more than 12% more money.[3]
  • 13% of Vermont residents have resorted to using firewood to heat their houses as it is the second most common fuel in the state.[2]
  • According to the U.S. Census Bureau, Vermont has a supply of 339,439 homes.[2]

Also Read

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  • New York Cost Of Living Statistics
  • North Carolina Cost Of Living Statistics
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  • Oklahoma Cost Of Living Statistics
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  • Pennsylvania Cost Of Living Statistics
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  • Washington Cost Of Living Statistics
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How Useful is Vermont Cost of Living

On the surface, understanding the cost of living in Vermont can provide valuable insights into what to expect when it comes to housing, groceries, utilities, and other expenses. It can help individuals and families budget effectively and plan for their financial future. Knowing the average cost of rent, for example, can be crucial for those looking to move to a new area or renegotiate their current lease.

Moreover, understanding the cost of living in Vermont can also be beneficial for employers and policymakers. It can inform decisions about wages, benefits, and economic development strategies. These insights can help ensure that Vermont remains a competitive and attracti

ve place to live and work.

However, the usefulness of the Vermont cost of living is not without its limitations. For one, these numbers are averages and may not reflect the realities of individual circumstances. Factors such as personal spending habits, lifestyle choices, and family size can all impact someone’s cost of living.

Additionally, the cost of living in Vermont is not a static figure. It can fluctuate over time due to changes in the economy, housing market, or other external factors. This means that while the cost of living can provide a snapshot of a particular moment in time, it may not necessarily predict future trends.

Moreover, the cost of living is just one piece of the puzzle when it comes to deciding where to live. Quality of life, job opportunities, education, healthcare, and other factors all play a role in making this important decision. A low cost of living may not necessarily translate to a high quality of life, and vice versa.

Ultimately, the usefulness of the Vermont cost of living lies in how it is utilized. It is not a one-size-fits-all solution but rather a tool to help individuals, businesses, and policymakers make informed decisions. By understanding the nuances and limitations of this data, we can better leverage it to our advantage.

In conclusion, while the Vermont cost of living is a valuable piece of information, it is important to consider it within the broader context of individual circumstances and other factors that impact quality of life. By using this data strategically and in conjunction with other resources, we can make more informed decisions about where to live and how to thrive in the Green Mountain State.

Reference

  1. trustedhealth – https://www.trustedhealth.com/nurse-salary-guide/vermont
  2. sofi – https://www.sofi.com/cost-of-living-in-vermont/
  3. upnest – https://www.upnest.com/1/post/cost-of-living-vermont/

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