Housing costs in Montpelier?
A typical home costs
$303,600, which is 10.2% less expensive than the national average of
$338,100 and 11.9% less expensive than the average Vermont home, at
$344,600. Renting a two-bedroom unit in Montpelier costs
$1,240 per month, which is 13.3% cheaper than the national average of
$1,430 and 4.0% cheaper than the state average of
$1,290.
Can I afford Montpelier?
To live comfortably in Montpelier, Vermont, a minimum annual income of
$68,760 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Montpelier?
The cost of living in Montpelier, VT is generally on the higher side compared to the national average. This is largely due to the fact that housing costs are significantly higher than most other cities in the country. The median home price in Montpelier is almost $250,000, which is more than double the national median home price. Additionally, goods and services are also relatively expensive, as Vermont's sales tax rate sits at 6%. All in all, living in Montpelier may be a bit more costly than some other cities, but with its stunning natural beauty and vibrant culture, it is certainly worth it.