Housing costs in South Burlington?
A typical home costs
$431,400, which is 27.6% more expensive than the national average of
$338,100 and 25.2% more expensive than the average Vermont home, at
$344,600. Renting a two-bedroom unit in South Burlington costs
$1,770 per month, which is 23.8% more than the national average of
$1,430 and 27.1% more than the state average of
$1,290.
Can I afford South Burlington?
To live comfortably in South Burlington, Vermont, a minimum annual income of
$82,800 for a family, and
$54,400 for a single person is recommended.
What does A.I. say about South Burlington?
South Burlington, VT has a relatively high cost of living compared to the national average. The median home cost in the city is $309,000, which is much higher than the national average of $183,400. Other costs such as groceries, health care and utilities are also higher than the national averages. However, there are some ways to save money while living in South Burlington. Housing costs can be offset by taking advantage of rent specials and searching for apartments in less expensive parts of town. Groceries can be purchased in bulk and cooked at home to save money on restaurant meals. Ultimately, living in South Burlington is possible with some financial planning and budgeting.