Cost of living in Rutland 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 Rutland 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 Rutland is 100, with 100 being the average.
The cost of living index in Rutland is 1.0x lower than the national average.
Rutland ranks as the #1 cheapest in Vermont out of 13.
Rutland ranks as the #3,149 cheapest out of 6,412 in the US.
The median home value in Rutland is $153,700.
The median income in Rutland is $51,868.
According to the most recent data on the cost of living, Rutland has an overall cost of living index of 100, which is 1.0x lower than the national index of 100.
Compared to Vermont, Rutland has a cost of living index that's 0.9x lower than Vermont's index of 115.
The standard of living in Rutland ranks as #1 most affordable out of the 13 places we measured in Vermont. By definition, that implies Rutland ranks as the #12 most expensive place in the Green Mountain State.
For more reading on life in Rutland, check out:
Six factors go into calculating the cost of living index in Rutland. Here is how it fairs on each of the criteria:
The Services index in Rutland is 100.
The Groceries index in Rutland is 118.
The Health index in Rutland is 97.
The Housing index in Rutland is 86.
The Transportation index in Rutland is 114.
The Utilities index in Rutland is 120.
|Living Expense||Rutland||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 Rutland is $153,700.
The Median Rent in Rutland is $809.
The Median Income in Rutland is $51,868.
The Home Value To Income in Rutland is 3.0x.
The Rent To Monthly Income in Rutland is 0.19x.
|Median Home Value||$153,700||$240,600||$244,900|
|Home Value To Income||3.0x||3.6x||3.5x|
|Rent To Monthly Income||0.19x||0.19x||0.2x|
The cost of living varies in the cities and towns around Rutland. Here's a quick look at the cost of living in the most populous nearby places:
Glens Falls, NY has a cost of living index of 101, 1.0x Rutland.
West Glens Falls, NY has a cost of living index of 103, 1.0x Rutland.
Glens Falls North, NY has a cost of living index of 107, 1.1x Rutland.