Montpelier, VT Cost Of Living
Cost Of Living In Montpelier, VT Summary
Cost of living in Montpelier 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 Montpelier 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 Montpelier is 113, with 100 being the average.
The cost of living index in Montpelier is 1.1x higher than the national average.
Montpelier ranks as the #8 cheapest in Vermont out of 13.
Montpelier ranks as the #4,363 cheapest out of 6,412 in the US.
The median home value in Montpelier is $276,100.
The median income in Montpelier is $71,163.
Table Of Contents
Montpelier's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Montpelier, VT?
According to the most recent data on the cost of living, Montpelier has an overall cost of living index of 113, which is 1.1x higher than the national index of 100.
Compared to Vermont, Montpelier has a cost of living index that's 1.0x lower than Vermont's index of 115.
The standard of living in Montpelier ranks as #8 most affordable out of the 13 places we measured in Vermont. By definition, that implies Montpelier ranks as the #5 most expensive place in the Green Mountain State.
For more reading on life in Montpelier, check out:
- Living In Montpelier
- Montpelier Crime Report
- Search Homes For Sale In Montpelier, VT
In Vermont
In America
Montpelier Cost Of Living Vs. Vermont
Six factors go into calculating the cost of living index in Montpelier. Here is how it fairs on each of the criteria:
The Services index in Montpelier is 101.
The Groceries index in Montpelier is 118.
The Health index in Montpelier is 97.
The Housing index in Montpelier is 121.
The Transportation index in Montpelier is 116.
The Utilities index in Montpelier is 120.
| Living Expense | Montpelier | Vermont | National Average | |
|---|---|---|---|---|
| Overall | 113 | 115 | 100 | |
| Services | 101 | 107 | 100 | |
| Groceries | 118 | 105 | 100 | |
| Health | 97 | 107 | 100 | |
| Housing | 121 | 131 | 100 | |
| Transportation | 116 | 114 | 100 | |
| Utilities | 120 | 121 | 100 | |
Montpelier, VT Housing Cost Breakdown
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 Montpelier is $276,100.
The Median Rent in Montpelier is $1,106.
The Median Income in Montpelier is $71,163.
The Home Value To Income in Montpelier is 3.9x.
The Rent To Monthly Income in Montpelier is 0.19x.
| Statistic | Montpelier | Vermont | United States |
|---|---|---|---|
| Median Home Value | $276,100 | $240,600 | $244,900 |
| Median Rent | $1,106 | $1,070 | $1,163 |
| Median Income | $71,163 | $67,674 | $69,021 |
| Home Value To Income | 3.9x | 3.6x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Montpelier, VT Costs By Category
Detailed Montpelier Services Costs Vs. Vermont
| Item | Montpelier | Vermont |
|---|---|---|
| Shampoo | $1.21 | $1.06 |
| Movie | $9.75 | $10.68 |
| Bowling | $13.5 | $14.67 |
| Haircut | $23.0 | $18.62 |
| Beauty Salon | $49.0 | $39.05 |
Detailed Montpelier Groceries Costs Vs. Vermont
| Item | Montpelier | Vermont |
|---|---|---|
| Ground Beef | $3.64 | $4.22 |
| Fried Chicken | $1.37 | $1.39 |
| Milk | $2.68 | $2.05 |
| Potatoes | $4.09 | $3.29 |
| Pizza | $10.99 | $10.62 |
| Beer | $10.16 | $9.38 |
| Toothpaste | $2.89 | $2.34 |
Detailed Montpelier Health Costs Vs. Vermont
| Item | Montpelier | Vermont |
|---|---|---|
| Optometrist | $130.0 | $108.57 |
| Doctor | $113.0 | $116.17 |
| Dentist | $94.0 | $99.13 |
Detailed Montpelier Transportation Costs Vs. Vermont
| Item | Montpelier | Vermont |
|---|---|---|
| Gasoline | $2.42 | $2.22 |
| Tire Balancing | $63.0 | $50.07 |
Detailed Montpelier Utilities Costs Vs. Vermont
| Item | Montpelier | Vermont |
|---|---|---|
| All Electricity | $224.57 | $167.67 |
| Phone | $179.83 | $175.64 |
Montpelier SnackAbility
/10
