The 10 Most Expensive Places To Live In Vermont For 2023


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 2023. This is our tenth 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 2023.

So where is the most expensive place to live in Vermont? That would be Burlington.
the 2017-2021 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 2023:

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

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 Poultney (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 2023

1. Burlington

Burlington, VT

Overall SnackAbility

7.5
/10

Population: 44,703
Rank Last Year: 1 (No Change)
Home Price To Income Ratio: 5.7x (most expensive)
Income To Rent Ratio: 43.0x (2nd most expensive)
More on Burlington: Real Estate | Data | Photos

The median income in Burlington comes in at $59,331 and the median home value is $338,100 for 2023.

2. North Bennington

North Bennington, VT

Overall SnackAbility

7
/10

Population: 1,539
Rank Last Year: 8 (Up 6)
Home Price To Income Ratio: 4.7x (3rd most expensive)
Income To Rent Ratio: 42.7x (most expensive)
More on North Bennington: Real Estate | Data | Photos

The median income in North Bennington comes in at $46,513 and the median home value is $219,800 for 2023.

3. Winooski

Winooski, VT

Overall SnackAbility

8
/10

Population: 8,015
Rank Last Year: 3 (No Change)
Home Price To Income Ratio: 4.3x (4th most expensive)
Income To Rent Ratio: 44.5x (3rd most expensive)
More on Winooski: Real Estate | Data | Photos

The median income in Winooski comes in at $61,033 and the median home value is $262,100 for 2023.

4. South Burlington

South Burlington, VT

Overall SnackAbility

8.5
/10

Population: 20,042
Rank Last Year: 3 (Down 2)
Home Price To Income Ratio: 3.9x (7th most expensive)
Income To Rent Ratio: 52.6x (9th most expensive)
More on South Burlington: Real Estate | Data | Photos

The median income in South Burlington comes in at $83,750 and the median home value is $327,900 for 2023.

5. Essex Junction

Essex Junction, VT

Overall SnackAbility

7.5
/10

Population: 10,473
Rank Last Year: 6 (No Change)
Home Price To Income Ratio: 3.9x (6th most expensive)
Income To Rent Ratio: 56.4x (10th most expensive)
More on Essex Junction: Real Estate | Data | Photos

The median income in Essex Junction comes in at $79,677 and the median home value is $312,500 for 2023.

6. Woodstock

Woodstock, VT

Overall SnackAbility

6
/10

Population: 1,111
Rank Last Year: 5 (Down 2)
Home Price To Income Ratio: 5.0x (2nd most expensive)
Income To Rent Ratio: 87.1x (20th most expensive)
More on Woodstock: Real Estate | Data | Photos

The median income in Woodstock comes in at $96,161 and the median home value is $480,400 for 2023.

7. St. Albans

St. Albans, VT

Overall SnackAbility

6
/10

Population: 6,866
Rank Last Year: 9 (Up 1)
Home Price To Income Ratio: 3.8x (9th most expensive)
Income To Rent Ratio: 45.4x (4th most expensive)
More on St. Albans: Real Estate | Data | Photos

The median income in St. Albans comes in at $49,063 and the median home value is $187,200 for 2023.

8. Lyndonville

Lyndonville, VT

Overall SnackAbility

7
/10

Population: 1,317
Rank Last Year: 7 (Down 2)
Home Price To Income Ratio: 4.1x (5th most expensive)
Income To Rent Ratio: 48.5x (6th most expensive)
More on Lyndonville: Real Estate | Data | Photos

The median income in Lyndonville comes in at $38,966 and the median home value is $159,900 for 2023.

9. Montpelier

Montpelier, VT

Overall SnackAbility

8.5
/10

Population: 7,966
Rank Last Year: 10 (No Change)
Home Price To Income Ratio: 3.9x (8th most expensive)
Income To Rent Ratio: 64.3x (14th most expensive)
More on Montpelier: Real Estate | Data | Photos

The median income in Montpelier comes in at $71,163 and the median home value is $276,100 for 2023.

10. Morrisville

Morrisville, VT

Source: Public domain
Overall SnackAbility

5
/10

Population: 2,326
Rank Last Year: 14 (Up 2)
Home Price To Income Ratio: 3.8x (10th most expensive)
Income To Rent Ratio: 59.3x (12th most expensive)
More on Morrisville: Real Estate | Data | Photos

The median income in Morrisville comes in at $58,203 and the median home value is $219,700 for 2023.

Methodology: How We Determined The Most Expensive Places To Live In The Green Mountain State For 2023

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 2017-2021 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 2023

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. Poultney
  2. Newport
  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 1.67 44,703 5.7x 43.0x
2 North Bennington 4.33 1,539 4.7x 42.7x
3 Winooski 4.67 8,015 4.3x 44.5x
4 South Burlington 6.33 20,042 3.9x 52.6x
5 Essex Junction 6.67 10,473 3.9x 56.4x
6 Woodstock 7.67 1,111 5.0x 87.1x
7 St. Albans 8.0 6,866 3.8x 45.4x
8 Lyndonville 8.33 1,317 4.1x 48.5x
9 Montpelier 9.33 7,966 3.9x 64.3x
10 Morrisville 10.67 2,326 3.8x 59.3x
11 Barre 11.33 8,514 3.6x 52.1x
12 Enosburg Falls 12.0 1,369 3.5x 57.0x
13 Vergennes 12.33 2,573 3.5x 68.6x
14 Bellows Falls 12.67 2,734 3.3x 48.7x
15 Rutland 15.0 15,934 3.0x 64.1x
16 Swanton 16.0 2,356 2.7x 74.1x
17 Newport 16.67 4,446 2.9x 66.0x
18 Poultney 19.0 1,389 2.3x 76.3x

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.