Cost of Living in Charlotte, VT

Population 3,905 · Vermont · Data vintage 2023

176
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Charlotte run well above the national baseline, with a median of $660,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $136,385 place the city among the better-paid Vermont metros. An unemployment rate of 1.3% points to a labor market well on the tight side of the national distribution.

Located 115 miles north of Albany, Charlotte is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 196% higher than Albany's $223,000.

Cost Overview

Housing 216
Rent 116

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Charlotte

The median home value in Charlotte is $659,800 — 116% above the national median of $305,000. Median rent runs $1,520/month, 16% higher than the national median of $1,314/month. The median household income of $136,385/year is 83% higher than the US median of $74,580. The local unemployment rate is 1.3%, below the national average of 4.8%. Vermont's top state income tax rate is 8.8% and the combined sales tax is 6.2%. The climate averages highs of 56.6°F and lows of 38.6°F, with about 87.5" of annual snowfall. Overall, Charlotte has a cost of living index of 176 versus the US average of 100, meaning it is 76% more expensive.

🏠 Housing

Median Home Value
$659,800
116% above avg
Median Rent
$1,520/mo
16% above avg
Price-to-Rent Ratio
36.2x
Favors renting
Property Tax Rate
1.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,380
1 BR
$1,476
2 BR
$1,936
3 BR
$2,491
4 BR
$2,567
Owner-occupied 94.4%
Renter-occupied 5.6%

💰 Estimated Monthly Budget

Rent median rent
$1,520
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,134/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
24.6 min
9% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
25.4%

Commute Mode

Drove alone
60.3%
Carpooled
10.3%
Walked
3.6%
Work from home
25.4%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 8.8%
Total Sales Tax 6.2%
State rate 6.0%
Avg local rate 0.2%
Property Tax 1.9%

💼 Income & Employment

Median Household Income
$136,385
83% above avg
Per Capita Income
$72,916
Unemployment Rate
1.3%
74% below avg
Poverty Rate
3.2%
Labor Force Participation
54.6%

🎓 Education

Bachelor's degree+ 27.5%
Graduate degree 34.0%

👥 Demographics

Median Age 50
Male median age 49.9
Female median age 50.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
56.6°F
Avg Low
38.6°F
Annual Precip
37.5"
Annual Snowfall
87.5"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 293241556978828173594635
Low °F 131424364857626153423221
Precip" 2.131.772.243.073.764.264.063.543.673.832.702.50
Snow" 21.119.317.54.10.00.00.00.00.00.35.719.5

Frequently Asked Questions

What is the cost of living in Charlotte, VT?

Charlotte has a cost index of 176 (100 = national average). It is 76% above the national average.

What is average rent in Charlotte, VT?

The median gross rent in Charlotte is $1,520 per month based on 2023 Census data.

What is the average home price in Charlotte?

The median home value in Charlotte is $659,800 according to 2023 Census ACS data.

What is the median income in Charlotte?

The median household income in Charlotte is $136,385 per year (2023 ACS 5-year estimates).

What is the sales tax in Charlotte, VT?

The combined state and local sales tax rate in Charlotte is 6.2%. The Vermont state income tax top rate is 8.8%.

Is Charlotte, VT affordable?

Charlotte is above average in cost of living, with an index of 176 — about 76% higher than the national average.

What is the weather like in Charlotte?

Charlotte has average high temperatures of 56.6°F and average lows of 38.6°F. Annual precipitation is 37.5". Average annual snowfall is 87.5". Data from NOAA 1991–2020 Climate Normals.

Charlotte at a Glance

Population
3,905
Median Income
$136,385
Home Value
$659,800
Median Rent
$1,520/mo
Unemployment
1.3%
Avg High Temp
56.6°F
Sales Tax
6.2%
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Explore county-level cost of living data

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