Cost of Living in Middlebury, VT
Housing
The housing market plays a significant role in determining the cost of living in Middlebury, VT.
- Housing Index: 110.0 / 100
- Median Home Price is: $305,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1840 per month
In analyzing the housing market in Middlebury, VT, we see a housing index of 110.0, which indicates that home prices are relatively higher than the national average. The median home price stands at 305000, suggesting a competitive market for buyers. Meanwhile, the average rent for a 2-bedroom apartment is 1800, while renting a 2-bedroom house averages 1840. This affordable rental market might attract those not ready to purchase immediately. Considering overall costs and community lifestyle, this data is key in making informed decisions about moving to Middlebury.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Middlebury, VT.
- Electricity Price: $21.91 USD (median by state)
- Natural Gas Price: $18.28 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Middlebury, VT could entail higher utility costs. Electricity costs sit at $21.91, while natural gas is priced at $18.28 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Middlebury is a financially viable option for your relocation.