Cost of Living in Milton, VT

Population 10,723 · Vermont · Data vintage 2023

112
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Milton a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $335,000.

Located 140 miles north of Albany, Milton is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 50% higher than Albany's $223,000.

Cost Overview

Housing 110
Rent 116

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

About the Cost of Living in Milton

The median home value in Milton is $335,400 — 10% above the national median of $305,000. Median rent runs $1,527/month, 16% higher than the national median of $1,314/month. The median household income of $118,421/year is 59% higher than the US median of $74,580. The local unemployment rate is 5.8%, 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, Milton has a cost of living index of 112 versus the US average of 100, meaning it is 12% more expensive.

🏠 Housing

Median Home Value
$335,400
10% above avg
Median Rent
$1,527/mo
16% above avg
Price-to-Rent Ratio
18.3x
Favors buying
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 84.8%
Renter-occupied 15.2%

💰 Estimated Monthly Budget

Rent median rent
$1,527
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,141/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
29.4 min
9% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.8%

Commute Mode

Drove alone
77.1%
Carpooled
6.5%
Public transit
2.0%
Walked
0.6%
Bicycle
0.2%
Work from home
11.8%

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
$118,421
59% above avg
Per Capita Income
$52,582
Unemployment Rate
5.8%
20% above avg
Poverty Rate
3.7%
Labor Force Participation
64.0%

🎓 Education

Bachelor's degree+ 20.9%
Graduate degree 11.3%

👥 Demographics

Median Age 39.4
Male median age 36.7
Female median age 41.3

🌤 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

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 42 — Good
71%
Good air days/yr
160
Max AQI recorded
171
PM2.5 days
192
Ozone days

Frequently Asked Questions

What is the cost of living in Milton, VT?

Milton has a cost index of 112 (100 = national average). It is 12% above the national average.

What is average rent in Milton, VT?

The median gross rent in Milton is $1,527 per month based on 2023 Census data.

What is the average home price in Milton?

The median home value in Milton is $335,400 according to 2023 Census ACS data.

What is the median income in Milton?

The median household income in Milton is $118,421 per year (2023 ACS 5-year estimates).

What is the sales tax in Milton, VT?

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

Is Milton, VT affordable?

Milton is above average in cost of living, with an index of 112 — about 12% higher than the national average.

What is the weather like in Milton?

Milton 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.

Milton at a Glance

Population
10,723
Median Income
$118,421
Home Value
$335,400
Median Rent
$1,527/mo
Unemployment
5.8%
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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