Cost of living in Middlebury research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Middlebury is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Vermont, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Middlebury is 115, with 100 being the average.
The cost of living index in Middlebury is 1.1x higher than the national average.
Middlebury ranks as the #9 cheapest in Vermont out of 13.
Middlebury ranks as the #4,492 cheapest out of 6,412 in the US.
The median home value in Middlebury is $332,200.
The median income in Middlebury is $65,050.
According to the most recent data on the cost of living, Middlebury has an overall cost of living index of 115, which is 1.1x higher than the national index of 100.
Compared to Vermont, Middlebury has a cost of living index that's 1.0x lower than Vermont's index of 115.
The standard of living in Middlebury ranks as #9 most affordable out of the 13 places we measured in Vermont. By definition, that implies Middlebury ranks as the #4 most expensive place in the Green Mountain State.
For more reading on life in Middlebury, check out:
Six factors go into calculating the cost of living index in Middlebury. Here is how it fairs on each of the criteria:
The Services index in Middlebury is 100.
The Groceries index in Middlebury is 117.
The Health index in Middlebury is 98.
The Housing index in Middlebury is 126.
The Transportation index in Middlebury is 116.
The Utilities index in Middlebury is 120.
|Living Expense||Middlebury||Vermont||National Average|
Housing swings affordability the most between places in Vermont, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Middlebury is $332,200.
The Median Rent in Middlebury is $1,135.
The Median Income in Middlebury is $65,050.
The Home Value To Income in Middlebury is 5.1x.
The Rent To Monthly Income in Middlebury is 0.21x.
|Median Home Value||$332,200||$240,600||$244,900|
|Home Value To Income||5.1x||3.6x||3.5x|
|Rent To Monthly Income||0.21x||0.19x||0.2x|
The cost of living varies in the cities and towns around Middlebury. Here's a quick look at the cost of living in the most populous nearby places:
Plattsburgh, NY has a cost of living index of 99, 0.9x Middlebury.
Essex Junction, VT has a cost of living index of 115, 1.0x Middlebury.
Hanover, NH has a cost of living index of 143, 1.2x Middlebury.