The 10 Most Expensive Places To Live In Vermont For 2022


We used science and data to determine which cities in Vermont that will put a big dent in your wallet.

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Editor’s Note: We updated this article for 2022. This is our ninth time ranking the most expensive places to live in Vermont.

Everyone wants a home that mixes affordability with comfort and Vermont does this very well. Families love the Green Mountain State's beaches, midlands, and mountains as tourists before moving here and calling it home.

But before you decide to relocate, you have to do some research into the exact cost of living around the state -- and that's how we're going to help you.

These are the places in Vermont that cost a pretty penny -- the most expensive cities in the state.

After we saved up for months and could finally afford it, we landed on this list of the ten most expensive cities in Vermont for 2022.

So where is the most expensive place to live in Vermont? That would be Burlington.
the 2016-2020 American Community Survey for the 18 places in Vermont with more than 1,000 people.

Here are the 10 most expensive places to live in Vermont for 2022:

  1. Burlington
  2. Winooski
  3. South Burlington
  4. Woodstock
  5. Essex Junction
  6. Lyndonville
  7. North Bennington
  8. St. Albans
  9. Montpelier
  10. Bellows Falls

What's the most expensive place to live in Vermont? Well, HomeSnacks crunched the numbers and discovered that Burlington is the most expensive place to live in Vermont.

So hopefully Newport (the cheapest place to live in Vermont) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.

And if you already knew these places were expensive, check out some more reading about Vermont and the most expensive cities in the country:

The 10 Most Expensive Places To Live In Vermont For 2022

1. Burlington

Burlington, VT

Overall SnackAbility

7.5
/10

Population: 42,645
Rank Last Year: 1 (No Change)
Home Price To Income Ratio: 5.6x (2nd most expensive)
Income To Rent Ratio: 43.4x (most expensive)
More on Burlington: Real Estate | Data | Photos

The median income in Burlington comes in at $55,461 and the median home value is $312,200 for 2022.

2. Winooski

Winooski, VT

Overall SnackAbility

8
/10

Population: 7,320
Rank Last Year: 2 (Down 1)
Home Price To Income Ratio: 4.1x (4th most expensive)
Income To Rent Ratio: 45.7x (3rd most expensive)
More on Winooski: Real Estate | Data | Photos

The median income in Winooski comes in at $56,236 and the median home value is $231,300 for 2022.

3. South Burlington

South Burlington, VT

Overall SnackAbility

8.5
/10

Population: 19,359
Rank Last Year: 2 (Down 1)
Home Price To Income Ratio: 4.1x (5th most expensive)
Income To Rent Ratio: 53.5x (7th most expensive)
More on South Burlington: Real Estate | Data | Photos

The median income in South Burlington comes in at $76,227 and the median home value is $312,300 for 2022.

4. Woodstock

Woodstock, VT

Overall SnackAbility

6
/10

Population: 1,091
Rank Last Year: 4 (Down 1)
Home Price To Income Ratio: 5.8x (most expensive)
Income To Rent Ratio: 71.8x (19th most expensive)
More on Woodstock: Real Estate | Data | Photos

The median income in Woodstock comes in at $70,268 and the median home value is $408,800 for 2022.

5. Essex Junction

Essex Junction, VT

Overall SnackAbility

7.5
/10

Population: 10,761
Rank Last Year: 6 (No Change)
Home Price To Income Ratio: 4.0x (6th most expensive)
Income To Rent Ratio: 59.1x (12th most expensive)
More on Essex Junction: Real Estate | Data | Photos

The median income in Essex Junction comes in at $76,845 and the median home value is $305,300 for 2022.

6. Lyndonville

Lyndonville, VT

Overall SnackAbility

6
/10

Population: 1,407
Rank Last Year: 7 (No Change)
Home Price To Income Ratio: 4.4x (3rd most expensive)
Income To Rent Ratio: 49.5x (6th most expensive)
More on Lyndonville: Real Estate | Data | Photos

The median income in Lyndonville comes in at $35,865 and the median home value is $156,400 for 2022.

7. North Bennington

North Bennington, VT

Overall SnackAbility

6
/10

Population: 1,551
Rank Last Year: 10 (Up 2)
Home Price To Income Ratio: 3.8x (8th most expensive)
Income To Rent Ratio: 55.9x (9th most expensive)
More on North Bennington: Real Estate | Data | Photos

The median income in North Bennington comes in at $55,682 and the median home value is $209,300 for 2022.

8. St. Albans

St. Albans, VT

Overall SnackAbility

6
/10

Population: 6,796
Rank Last Year: 12 (Up 3)
Home Price To Income Ratio: 3.4x (13th most expensive)
Income To Rent Ratio: 48.4x (4th most expensive)
More on St. Albans: Real Estate | Data | Photos

The median income in St. Albans comes in at $51,431 and the median home value is $174,900 for 2022.

9. Montpelier

Montpelier, VT

Overall SnackAbility

8.5
/10

Population: 7,434
Rank Last Year: 10 (No Change)
Home Price To Income Ratio: 3.9x (7th most expensive)
Income To Rent Ratio: 62.0x (16th most expensive)
More on Montpelier: Real Estate | Data | Photos

The median income in Montpelier comes in at $65,668 and the median home value is $257,300 for 2022.

10. Bellows Falls

Bellows Falls, VT

Overall SnackAbility

6
/10

Population: 2,908
Rank Last Year: 10 (Down 2)
Home Price To Income Ratio: 3.5x (11th most expensive)
Income To Rent Ratio: 49.4x (5th most expensive)
More on Bellows Falls: Real Estate | Data | Photos

The median income in Bellows Falls comes in at $42,907 and the median home value is $148,500 for 2022.

Methodology: How We Determined The Most Expensive Places To Live In The Green Mountain State For 2022

Map Of The Cheapest Places To Live In Vermont
The two most important things to think about when it comes to being able to afford if you can live comes down to:

  1. How much do money do I make?
  2. How much do I have spend to live there?

You need to understand your costs in the context of how much money you make.

For example, if the median household earns $100,000 and spends $40,000 on housing it's actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.

With that example in mind, we derived several statistics from the latest Census American Community Survey 2016-2020 around incomes and costs. They are:

  • Median Home Price / Median Income (lower is better)
  • Median Income / Median Rent (Higher is better)
  • Median Home Price

We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).

You can then compare these metrics in each of the places in Vermont to figure out which is the most expensive.

What you are left with is a "Cost of Living Index" by taking the average rank of each of these metrics for each city.

So we used that cost of living index in order to rank all of the 18 places in Vermont that have more than 1,000 people.

The place with the highest cost of living in Vermont according to the data is Burlington. You can download the data here.

Summary: Taking A Chunk Out Of Your Paycheck In Vermont For 2022

Well there you have it, the places in Vermont that have the highest cost of living, with Burlington ranking as the most expensive city in the Green Mountain State.

Here's a look at the most affordable cities in Vermont according to the data:

  1. Newport
  2. Poultney
  3. Swanton

For more Vermont reading, check out:

Detailed List Of The Most Expensive Cities In Vermont

Rank City ExpensiveScore Population Home/Income Ratio Income/Rent Ratio
1 Burlington 2.0 42,645 5.6x 43.4x
2 Winooski 4.67 7,320 4.1x 45.7x
3 South Burlington 4.67 19,359 4.1x 53.5x
4 Woodstock 7.0 1,091 5.8x 71.8x
5 Essex Junction 7.33 10,761 4.0x 59.1x
6 Lyndonville 7.67 1,407 4.4x 49.5x
7 North Bennington 8.67 1,551 3.8x 55.9x
8 St. Albans 9.33 6,796 3.4x 48.4x
9 Montpelier 9.67 7,434 3.9x 62.0x
10 Bellows Falls 11.0 2,908 3.5x 49.4x
11 Enosburg Falls 11.0 1,350 3.7x 57.0x
12 Barre 11.33 8,590 3.5x 55.4x
13 Morrisville 11.33 2,017 3.3x 56.2x
14 Vergennes 12.33 2,607 3.4x 66.1x
15 Rutland 15.0 15,207 3.2x 60.2x
16 Swanton 15.33 2,328 3.0x 69.6x
17 Poultney 16.67 1,474 2.8x 60.1x
18 Newport 17.0 4,244 2.4x 59.9x

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.