Cost of Living in Colchester, VT

Population 17,570 · Vermont · Data vintage 2023

111
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Colchester sits on the smaller end of the Vermont city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. At 6.1%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Located 135 miles north of Albany, Colchester is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 61% higher than Albany's $223,000.

Cost Overview

Housing 117
Rent 101

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

About the Cost of Living in Colchester

The median home value in Colchester is $358,200 — 17% above the national median of $305,000. Median rent runs $1,323/month, 1% higher than the national median of $1,314/month. The median household income of $97,708/year is 31% higher than the US median of $74,580. The local unemployment rate is 6.1%, above 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, Colchester has a cost of living index of 111 versus the US average of 100, meaning it is 11% more expensive.

🏠 Housing

Median Home Value
$358,200
17% above avg
Median Rent
$1,323/mo
1% above avg
Price-to-Rent Ratio
22.6x
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 72.1%
Renter-occupied 27.9%

💰 Estimated Monthly Budget

Rent median rent
$1,323
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,937/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
20.2 min
25% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
18.0%

Commute Mode

Drove alone
66.9%
Carpooled
8.6%
Walked
4.5%
Bicycle
0.3%
Work from home
18.0%

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
$97,708
31% above avg
Per Capita Income
$45,573
Unemployment Rate
6.1%
27% above avg
Poverty Rate
8.0%
Labor Force Participation
58.3%

🎓 Education

Bachelor's degree+ 25.1%
Graduate degree 15.8%

👥 Demographics

Median Age 37.9
Male median age 35.9
Female median age 39.3

🌤 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 Colchester, VT?

Colchester has a cost index of 111 (100 = national average). It is 11% above the national average.

What is average rent in Colchester, VT?

The median gross rent in Colchester is $1,323 per month based on 2023 Census data.

What is the average home price in Colchester?

The median home value in Colchester is $358,200 according to 2023 Census ACS data.

What is the median income in Colchester?

The median household income in Colchester is $97,708 per year (2023 ACS 5-year estimates).

What is the sales tax in Colchester, VT?

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

Is Colchester, VT affordable?

Colchester is above average in cost of living, with an index of 111 — about 11% higher than the national average.

What is the weather like in Colchester?

Colchester 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.

Colchester at a Glance

Population
17,570
Median Income
$97,708
Home Value
$358,200
Median Rent
$1,323/mo
Unemployment
6.1%
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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