Cost of Living in Montpelier, VT

Population 8,038 · Vermont · Data vintage 2023

104
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Montpelier 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. An unemployment rate of 2.6% points to a labor market well on the tight side of the national distribution.

Montpelier lies roughly 105 miles northwest of the nearest major metro, Manchester — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Manchester's $336,000 median.

Cost Overview

Housing 114
Rent 89

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

About the Cost of Living in Montpelier

The median home value in Montpelier is $349,200 — 14% above the national median of $305,000. Median rent runs $1,169/month, 11% lower than the national median of $1,314/month. The median household income of $79,175/year is 6% higher than the US median of $74,580. The local unemployment rate is 2.6%, 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 52.8°F and lows of 32.4°F. Overall, Montpelier has a cost of living index of 104 versus the US average of 100, meaning it is 4% more expensive.

🏠 Housing

Median Home Value
$349,200
14% above avg
Zillow Home Value
$2,118,946
Zillow ZHVI
Median Rent
$1,169/mo
11% below avg
Price-to-Rent Ratio
24.9x
Favors renting
Property Tax Rate
1.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,020
1 BR
$1,082
2 BR
$1,301
3 BR
$1,692
4 BR
$1,795
Owner-occupied 54.6%
Renter-occupied 45.4%

💰 Estimated Monthly Budget

Rent median rent
$1,169
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,783/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
20.8 min
23% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
26.1%

Commute Mode

Drove alone
56.5%
Carpooled
4.3%
Public transit
1.5%
Walked
10.1%
Bicycle
1.0%
Work from home
26.1%

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
$79,175
6% above avg
Per Capita Income
$47,578
Unemployment Rate
2.6%
46% below avg
Poverty Rate
7.3%
Labor Force Participation
67.3%

🎓 Education

Bachelor's degree+ 34.8%
Graduate degree 31.4%

👥 Demographics

Median Age 43.4
Male median age 42
Female median age 44.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
52.8°F
Avg Low
32.4°F
Annual Precip
38.7"
20° 40° 60° 80° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 262938526573787669554331
Low °F 7918304251565446362615
Precip" 2.322.062.493.043.524.214.273.813.333.872.852.93

Frequently Asked Questions

What is the cost of living in Montpelier, VT?

Montpelier has a cost index of 104 (100 = national average). It is 4% above the national average.

What is average rent in Montpelier, VT?

The median gross rent in Montpelier is $1,169 per month based on 2023 Census data.

What is the average home price in Montpelier?

The median home value in Montpelier is $349,200 according to Zillow and Census data.

What is the median income in Montpelier?

The median household income in Montpelier is $79,175 per year (2023 ACS 5-year estimates).

What is the sales tax in Montpelier, VT?

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

Is Montpelier, VT affordable?

Montpelier is near the national average in terms of cost of living, with an index of 104 (100 = US average).

What is the weather like in Montpelier?

Montpelier has average high temperatures of 52.8°F and average lows of 32.4°F. Annual precipitation is 38.7". Data from NOAA 1991–2020 Climate Normals.

Montpelier at a Glance

Population
8,038
Median Income
$79,175
Home Value
$349,200
Median Rent
$1,169/mo
Unemployment
2.6%
Avg High Temp
52.8°F
Sales Tax
6.2%
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Explore county-level cost of living data

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