Cost of Living in Westminster, VT
Housing
The housing market plays a significant role in determining the cost of living in Westminster, VT.
- Housing Index: 120.0 / 100
- Median Home Price is: $275,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1850 per month
Analyzing the housing data for Westminster, VT, we see an overall housing index of 120.0, suggesting it's comparatively above the national average. The median home price stands at 275000, which indicates a relatively affordable market for homebuyers. However, rental options reveal average costs of 1800 for a 2-bedroom apartment and 1850 for a 2-bedroom house, making it essential to evaluate your budget if renting. Additionally, consider the long-term benefits of buying, such as home equity, given the current home pricing landscape.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Westminster, 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 Westminster, 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 Westminster is a financially viable option for your relocation.