Vermont Cost Of Living Statistics


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Steve Goldstein
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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]

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How Useful is Vermont Cost of Living

One of the aspects that make the Vermont cost of living worth considering is the state’s natural beauty. Vermont is known for its picturesque landscapes, with rolling hills, scenic lakes, and charming small towns. For many residents, the opportunity to live in such a beautiful environment is a major draw, and they are willing to pay a premium for the privilege. The abundance of outdoor recreational activities, from skiing and snowboarding to hiking and fishing, also adds to the overall quality of life in Vermont.

In addition to the natural beauty, Vermont offers a strong sense of community and a high quality of life. The state is known for its close-knit communities, where neighbors look out for each other and come together to support local businesses and initiatives. This sense of community can be a stark contrast to the hustle and bustle of larger cities, where people often feel disconnected from those around them. Living in Vermont can provide a sense of belonging and camaraderie that is hard to find elsewhere.

Furthermore, Vermont is known for its commitment to sustainability and environmental conservation. The state has a long history of being environmentally conscious, with many residents taking pride in their efforts to reduce their carbon footprint and protect the natural world around them. This dedication to sustainability can be seen in the widespread availability of locally grown food, renewable energy sources, and environmentally friendly practices. For many residents, the opportunity to live in a state that values the environment is priceless.

On the other hand, some residents may find the Vermont cost of living to be a challenge. The higher costs of housing, healthcare, and groceries can put a strain on budgets, especially for those on fixed incomes or with lower-paying jobs. In addition, the rural nature of Vermont can make it difficult to access certain amenities and services, such as public transportation or specialized medical care, which can lead to additional expenses or inconveniences.

Despite these challenges, many Vermont residents believe that the quality of life and benefits of living in the state outweigh the high costs. The sense of community, natural beauty, and commitment to sustainability are all factors that contribute to an overall positive living experience in Vermont. While the cost of living may be a consideration for some, for many residents, the benefits of living in Vermont make it a worthwhile investment.

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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