10 Vermont towns to retire for less than $2500 a month! Are you dreaming of living in Vermont but worried about the high cost of living or real estate prices? In this video, we’ll share some insider tips on how to make it work on a budget. Before you contact a Realtor and start looking for real estate options in Vermont, we will show you the cheapest towns to retire or just live in Vermont
We’ll also discuss the various expenses that come with living in Vermont, including utilities, food, and transportation. We’ll explore ways to save money on these essentials without sacrificing the quality of life. Whether you’re a recent college grad, a young family, or someone simply looking for a change of pace, this video will provide valuable insights into making the most of your finances while living in Vermont. So sit back, relax, and join us as we explore the ins and outs of living in Vermont on a budget. Don’t forget to like and subscribe for more informative content like this!
Do you need a local Realtor for the area you want to move to? I have teamed up with HomeAndMoney.com to help you find one that suits your needs. Join to help support this channel. Let’s dive into the details of the top 10 Vermont towns where you can retire for less than $2512 a month.
From Middlebury to Newport, St. Johnsbury to Barry, we’ll delve into the cost of living, average home prices, and monthly expenditures in each of these towns. With their charming older homes and unique attractions, these towns offer an affordable yet fulfilling lifestyle. So if you’re ready to embrace a slower pace of life without breaking the bank, let’s take a closer look at these 10 Vermont towns that could be your next home sweet home.
This image is property of i.ytimg.com.
Vermont Towns to Retire for less than $2500
Middlebury
Middlebury is located in Western Vermont and is known for being home to Middlebury College, a prestigious liberal arts college founded in 1800. The town is situated near the Green Mountain National Forest, offering residents numerous opportunities for outdoor activities such as hiking and camping. Middlebury is also known for its well-preserved older buildings and being the former home of poet Robert Frost.
In terms of cost of living, Middlebury is slightly higher than the national average, with an 8% higher cost of living. However, it is still considered one of the more affordable towns in Vermont. The average home price in Middlebury is around $236,200, although it is worth noting that this figure may be inflated, and the actual prices may be lower. The median home price in Middlebury is $180,000. This indicates that while there may be homes available at higher prices, there are also more affordable options for those on a budget.
The average monthly expenditure in Middlebury is around $2,500, which includes costs such as rent, utilities, food, transportation, and other essentials. This figure provides a good estimate of what it takes to live comfortably in Middlebury without sacrificing quality of life. While Middlebury may not be the cheapest town in Vermont, it offers a balance between affordability and the amenities and attractions it has to offer.
Newport
Newport is a town located in northeastern Vermont, offering residents an affordable cost of living. The town is known for its annual events and festivals, such as the Newport Winter Festival, Newport City Day celebration, and the Newport Scottish Festival. These events celebrate Newport’s history, culture, and natural beauty.
Compared to the national average, Newport is 3% less expensive, making it an appealing option for those looking to live on a budget. The typical home in Newport goes for around $184,700, which is a realistic price for the area. There are also affordable housing options, with some homes available for under $200,000. If you’re considering renting, the average monthly rent for a one-bedroom apartment in Newport is around $750. However, it’s important to note that this figure may vary, and residents should expect to pay closer to $850 to $900.
The average monthly expenditure in Newport is approximately $2,469. This includes costs such as rent, utilities, food, transportation, and other essentials. With its lower cost of living and affordable housing options, Newport provides an attractive option for those looking to make their dollars stretch further in Vermont.
St. Johnsbury
St. Johnsbury is a town in Vermont that is home to the Fairbanks Museum and Planetarium, founded in 1889 by philanthropist Franklin Fairbanks. The museum features a diverse collection of natural history specimens, taxidermied animals, fossils, minerals, and antique instruments and machines. St. Johnsbury offers residents a combination of history, culture, and natural beauty.
In terms of cost of living, St. Johnsbury is 3.3% less expensive than the national average, making it an affordable option for those looking to live in Vermont. The average home price in St. Johnsbury is approximately $187,700, which is a reasonable figure for the area. There are also affordable housing options available, with some homes listed for as low as $160,000. Renting a one-bedroom apartment in St. Johnsbury is relatively affordable, with an average monthly rent of around $700. However, it’s worth noting that this figure may be closer to $850 to $900 in reality.
The average monthly expenditure in St. Johnsbury is around $2,450, covering costs such as rent, utilities, food, transportation, and other essentials. St. Johnsbury offers a cost-effective living option with its affordable housing and lower cost of living, making it an attractive town for those looking to make the most of their budget in Vermont.
Springfield
Springfield, Vermont, was first settled in 1752 and was named after the town of Springfield in Massachusetts. In 2008, it was selected as Vermont’s best small town, a testament to its charm and community spirit. Springfield has a rich history and is known for its granite quarries, which have supplied granite for famous landmarks such as the Vietnam Veterans Memorial in Washington, D.C.
Compared to the national average, Springfield’s cost of living is 3% less expensive, making it an affordable place to live in Vermont. The average home price in Springfield is around $150,300, which is quite reasonable for the area. There are several homes currently listed in the range of $130,000 to $190,000, providing options for those on a budget. Renting a one-bedroom apartment in Springfield is also relatively affordable, with an average monthly rent of $850. However, it’s worth noting that the actual rent may be closer to $1,000.
The average monthly expenditure in Springfield is approximately $2,390, covering essential costs such as rent, utilities, food, transportation, and other necessities. Springfield offers an affordable lifestyle with its lower cost of living and reasonably priced housing options, making it an appealing choice for anyone looking to live within their means in Vermont.
Barre
Barre, Vermont, is known as the “granite capital of the world” due to its large granite quarries. The town boasts the largest granite quarries globally and has been the source of granite used in famous landmarks around the world, including the Vietnam Veterans Memorial. Barre’s granite industry contributes to its historical significance and unique charm.
Barre is an affordable place to live, with a cost of living that is 3.7% below the national average. This lower cost of living makes it an attractive option for those looking to make their budget stretch further in Vermont. The average monthly rent for a one-bedroom apartment in Barre is around $800, which is quite reasonable. If you’re considering buying a home, the average home price in Barre is approximately $144,000, offering affordable options for potential homeowners.
The average monthly expenditure in Barre is around $2,500, covering essential costs such as rent, utilities, food, transportation, and other necessities. Barre’s affordable cost of living, coupled with its historical significance and unique beauty, makes it a desirable town for individuals and families looking to live on a budget in Vermont.
Rutland
Rutland is a town in Vermont known for its vibrant arts scene, historical architecture, and outdoor recreational opportunities. The town offers residents a balance between small-town charm and the amenities of a larger urban area. Rutland is home to numerous art galleries, museums, and theaters, ensuring residents have access to cultural and entertainment options.
In terms of cost of living, Rutland is slightly higher than the national average, with a cost of living around 4.5% above. However, it still provides affordable living options compared to other towns in Vermont. The average home price in Rutland is around $175,700, offering potential homeowners a range of affordable housing options. Renting a one-bedroom apartment in Rutland is relatively affordable, with an average monthly rent of around $900.
The average monthly expenditure in Rutland is approximately $2,300, covering essential costs such as rent, utilities, food, transportation, and other necessities. Rutland’s affordable housing options and diverse range of amenities make it an appealing option for individuals and families looking to live comfortably on a budget in Vermont.
Bennington
Bennington, Vermont, is known for its rich history and cultural heritage. The town is home to the historic Bennington Potters, a pottery company renowned for its craftsmanship and traditional techniques. Bennington offers a mix of small-town charm and a vibrant arts scene, hosting numerous festivals and events throughout the year.
Bennington’s cost of living is 4.5% below the national average, making it an attractive option for those looking to live on a budget in Vermont. The average home price in Bennington is around $170,700, providing affordable housing options for potential homeowners. Renting a one-bedroom apartment in Bennington is also relatively affordable, with an average monthly rent of around $900.
The average monthly expenditure in Bennington is approximately $2,512, covering essential costs such as rent, utilities, food, transportation, and other necessities. Bennington’s lower cost of living and rich cultural heritage make it an appealing town for individuals and families looking to make the most of their budget while enjoying the charm and amenities Vermont has to offer.
Derby
Derby, Vermont, is a town with a strong French Canadian influence. The town is known for its scenic beauty, outdoor recreational opportunities, and close-knit community. Derby is home to numerous lakes and ponds, offering residents opportunities for boating, fishing, and other water activities. The town also hosts lively events such as the Derby Line Village Festival.
In terms of housing, Derby offers affordable options for both renters and homeowners. The average rent for a one-bedroom apartment in Derby is around $750, making it a budget-friendly choice for those looking to rent. Homebuyers will find reasonably priced options, with some homes listed for as low as $130,000. The average home price in Derby is approximately $170,700.
The average monthly expenditure in Derby is around $2,512, covering costs such as rent, utilities, food, transportation, and other essentials. Derby’s affordable housing and natural beauty make it an appealing town for individuals and families looking to live on a budget in Vermont while enjoying outdoor recreational opportunities and a close-knit community.
Swanton
Swanton, Vermont, is a town known for being home to the world’s largest teddy bear factory, a popular tourist attraction. The town offers residents a mix of small-town charm and access to Lake Champlain, providing opportunities for boating, fishing, and other water activities. Swanton hosts various community events throughout the year, bringing residents together.
In terms of cost of living, Swanton is relatively affordable compared to the national average. The average home price in Swanton is approximately $170,700, offering affordable housing options for potential homeowners. Renting a one-bedroom apartment in Swanton is also budget-friendly, with an average monthly rent of around $900.
The average monthly expenditure in Swanton is around $2,512, covering essential costs such as rent, utilities, food, transportation, and other necessities. Swanton’s affordable cost of living, access to outdoor activities, and community-oriented events make it an appealing choice for individuals and families looking to live on a budget in Vermont.
Saint Albans
Saint Albans, Vermont, is a town known for its affordability and picturesque beauty. The town offers residents a cost of living that is 4.8% below the national average, making it an attractive option for those looking to live on a budget in Vermont. Saint Albans is also known for its lively downtown area, which features various shops, restaurants, and community events.
In terms of housing, Saint Albans provides affordable options for both renters and homeowners. The average monthly rent for a one-bedroom apartment in Saint Albans is around $900, offering budget-friendly options for renters. Homebuyers will find reasonably priced homes, with the average home price in Saint Albans approximately $170,700.
The average monthly expenditure in Saint Albans is around $2,512, covering costs such as rent, utilities, food, transportation, and other essentials. Saint Albans’ affordable cost of living, vibrant downtown area, and proximity to natural beauty make it a desirable town for individuals and families looking to live comfortably on a budget in Vermont.
In conclusion, Vermont offers numerous towns with affordable living options for individuals and families looking to live on a budget. Middlebury, Newport, St. Johnsbury, Springfield, Barre, Rutland, Bennington, Derby, Swanton, and Saint Albans all provide a mix of affordable housing, lower cost of living, and access to amenities and attractions. These towns offer individuals the opportunity to live comfortably in Vermont without sacrificing quality of life, making them attractive options for anyone looking for a change of pace or seeking a more affordable lifestyle.