F
25%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
63%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index South Burlington Vermont National
Cost of living125110100
Goods & Services108108100
Groceries105105100
Health care106106100
Housing163112100
Transportation107107100
Utilities121121100

An Overview of Cost of Living in South Burlington, VT

Are you thinking about relocating, but curious about the potential cost of living in South Burlington? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in South Burlington stands at 125, making it 25% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

If you value affordability in your search for a new place to live, South Burlington may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, South Burlington falls into this category, which may not align with your desire for an affordable place to call home.

When it comes to the cost of living in South Burlington, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 63.4% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Is South Burlington Affordable?

Is South Burlington an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in South Burlington is 69.1% higher than the national average, while the average monthly rent prices are 50.3% higher than average. The affordability of any location can also be influenced by median income levels. South Burlington has a median household income of $76,227, which is 37.8% higher than the national average.

What Factors can Influence the Cost of Living in South Burlington?

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In South Burlington, healthcare costs are 6% higher than the national average.

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In South Burlington, the groceries index is 4.8% higher than the national average.

Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In South Burlington, the transportation index is 6.9% higher than the national average.

Where is the Data From?

The South Burlington cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in South Burlington is 14% higher than the Vermont average
  • The cost of living in South Burlington is 25% higher than the national average
  • South Burlington housing is 63% higher than the national average
  • Vermont general sales tax is 18% higher than the national average
  • Vermont state income tax is 29% higher than the national average

Most Affordable Places to Live in and Around South Burlington

See all the best places to live around South Burlington

Compare South Burlington, VT Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$100,969$8,414$2,356$3,029
      Renters$49,313$4,109$1,151$1,480
      A good way to judge both the affordability of the housing and the cost of living in South Burlington is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. South Burlington has a median income of about $100,969 for people who own homes. Based on that number, a maximum of $2,356 should be spent on expenses related to housing. Renters have a slightly different median income, which is $49,313. Based on this average, renters should spend no more than $1,151 on all rental costs if they want to maintain a non-impoverished standard of living.

      Vermont Sales Tax

      State General Sales Tax With Max Surtax
      Vermont 6% 7%

      Vermont Income Tax

      State Income Tax (Low) Income Tax (High)
      Vermont 3.35% 8.75%

      Goods & Services

      Item South Burlington National avg. Difference
      Haircut $26.98$24.2611.2%
      Beauty Salon $46.44$45.561.9%
      Toothpaste $3.73$3.700.8%
      Shampoo $1.23$1.283.9%
      Movie $11.94$12.131.6%
      Bowling $15.67$18.0013.0%

      Groceries

      Item South Burlington National avg. Difference
      Ground Beef $5.76$5.841.4%
      Fried Chicken $1.72$1.579.6%
      Milk $4.82$4.673.1%
      Potatoes $4.97$4.930.7%
      Pizza $12.05$12.090.3%
      Beer $10.01$10.413.9%

      Health Care

      Item South Burlington National avg. Difference
      Optometrist $141.67$125.6812.7%
      Doctor $152.78$135.7812.5%
      Dentist $130.83$113.2915.5%
      Ibuprofen $10.78$10.651.2%
      Lipitor $371.02$468.6020.8%

      Housing

      Item South Burlington National avg. Difference
      Home Price $312,300.00$184,700.0069.1%
      Avg. Mortgage Payment $3,072.44$2,346.6930.9%
      Apartment Rent $1,426.00$949.0050.3%

      Transportation

      Item South Burlington National avg. Difference
      Gasoline $3.59$3.463.8%
      Tire Balancing $68.60$59.9214.5%

      Utilities

      Item South Burlington National avg. Difference
      All Electricity $262.67$193.9935.4%
      Phone $186.03$192.253.2%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Willsboro, NY605973.1%
      Cambridge, VT2441087.8%
      Parc, NY22511313.3%
      Winooski, VT7,32011414.1%
      Milton, VT3,91311515.4%
      South Burlington, VT19,35912525.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Angleton, TX19,371936.5%
      Matteson, IL19,3741032.5%
      Pinole, CA19,34316767.3%
      Plattsburgh, NY19,3431010.5%
      Louisville, CO19,34215757.2%
      South Burlington, VT19,35912525.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.