Vermont Cost Of Living Statistics 2023
– Everything You Need to Know

Last Updated on by | Reviewed by Editorial Staff

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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.

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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

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/

About Author & Editorial Staff

Steve Goldstein, founder of LLCBuddy, is a specialist in corporate formations, dedicated to guiding entrepreneurs and small business owners through the LLC process. LLCBuddy provides a wealth of streamlined resources such as guides, articles, and FAQs, making LLC establishment seamless. The diligent editorial staff makes sure content is accurate, up-to-date information on topics like state-specific requirements, registered agents, and compliance. Steve's enthusiasm for entrepreneurship makes LLCBuddy an essential and trustworthy resource for launching and running an LLC.

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