Housing costs in Burlington?
A typical home costs
$541,600, which is 60.2% more expensive than the national average of
$338,100 and 57.2% more expensive than the average Vermont home, at
$344,600. Renting a two-bedroom unit in Burlington costs
$1,730 per month, which is 34.1% more than the national average of
$1,290 and 6.4% more than the state average of
$1,620.
Can I afford Burlington?
To live comfortably in Burlington (zip 05401), Vermont, a minimum annual income of
$103,680 for a family, and
$52,800 for a single person is recommended.
What does A.I. say about Burlington?
Burlington, VT is an expensive place to live. The median home price in 05401 is around $425,000 and the cost of living index is more than 20% higher than the national average. Renting a one bedroom apartment costs around $1,500 per month and utilities are also more expensive than the national average. Groceries are moderately priced but eating out can also be quite costly. In addition, there are numerous taxes that add to the cost of living in Burlington such as sales tax and property tax. All in all, living in 05401 Burlington requires a substantial budget and strong financial planning.