Most Affordable Places to Live in Vermont: Top 10 | AD Mortgage (2024)

Vermont, renowned for its stunning natural beauty, lush green landscapes, and vibrant communities, offers a lifestyle that many dream of. While Vermont might be perceived as an expensive place to live, it also provides an array of affordable cities that combine a high quality of life with reasonable living costs. In this guide, we’ll talk about the top 10 most affordable places to live in Vermont. Find out together with A&D Mortgage, the best mortgage lender, what makes these cities affordable, their commitment to quality-of-life factors like education and healthcare, and the recreational opportunities and close-knit communities that make them truly special.

This article was originally published on November 8, 2023.

Top 10 Most Affordable Places to Live in Vermont

1. Rutland

Nestled in the heart of Vermont, Rutland offers affordability without compromising on charm. The cost of living in Rutland is below the national average, with reasonably priced housing options and accessible healthcare. Residents enjoy a strong sense of community, cultural events, and outdoor activities like hiking and skiing in the nearby Green Mountains.

2. Barre

Barre, known for its granite quarries, is an affordable city with a rich history. The cost of living in Barre is below the national average, providing affordable housing options and reasonable healthcare expenses. The city’s commitment to education, recreational opportunities, and a thriving arts scene make it a hidden gem in Vermont.

3. Bennington

Bennington, located in the southwestern part of the state, offers a blend of affordability and picturesque landscapes. The cost of living in Bennington is lower than the national average, with affordable housing options and accessible healthcare. The city’s cultural attractions, educational opportunities, and outdoor adventures make it an attractive destination.

4. St. Albans

St. Albans, situated in the northwest, combines affordability with a friendly atmosphere. The cost of living in St. Albans is below the national average, providing affordable housing options and reasonable healthcare expenses. The city’s commitment to education, recreational facilities, and community engagement creates a warm and inviting environment.

5. Newport

Newport, located in the scenic Northeast Kingdom, offers affordable lakeside living. The cost of living in Newport is lower than the national average, with affordable housing options and reasonable healthcare expenses. Residents enjoy access to Lake Memphremagog, cultural events, and a strong sense of community.

6. Swanton

Swanton, nestled in northwestern Vermont, is an affordable city with a small-town feel. The cost of living in Swanton is below the national average, offering affordable housing options and reasonable healthcare expenses. The city’s access to Lake Champlain, educational opportunities, and community events make it an ideal place to call home.

7. Springfield

Springfield, located in southeastern Vermont, is an affordable city with a rich history. The cost of living in Springfield is below the national average, providing affordable housing options and reasonable healthcare expenses. The city’s commitment to education, recreational activities, and community engagement opportunities make it a welcoming destination.

8. Winooski

Winooski, a vibrant city near Burlington, offers affordability in a bustling urban setting. The cost of living in Winooski is below the national average, with reasonably priced housing options and accessible healthcare. Residents benefit from proximity to Burlington’s amenities, educational institutions, and cultural events.

9. Northfield

Northfield, home to Norwich University, combines affordability with a strong educational focus. The cost of living in Northfield is lower than the national average, offering affordable housing options and reasonable healthcare expenses. The city’s commitment to education, outdoor recreation, and community events creates a unique and budget-friendly living experience.

10. Montpelier

Montpelier, the state capital, is an affordable city with a rich political and cultural heritage. The cost of living in Montpelier is below the national average, providing affordable housing options and reasonable healthcare expenses. The city’s access to outdoor recreation, educational opportunities, and community engagement make it a distinctive and affordable place to live.

Factors that Make These Cities Affordable

1. Cost of Housing.Affordable cities in Vermont typically offer a range of housing options, from affordable rentals to reasonably priced homes, making it easier for residents to find suitable accommodation within their budget.
2. Utilities and Transportation.These cities often have lower utility costs, including electricity, water, and gas. Additionally, transportation expenses, such as fuel prices and commuting costs, are generally more affordable compared to national averages.
3. Groceries and Everyday Expenses.The cost of groceries and everyday expenses, including food, household goods, and services, is often more reasonable in these cities, allowing residents to manage their day-to-day expenses effectively.

The Importance of Quality of Life

1. Education.Access to quality education is crucial for families and individuals. Many of these cities offer excellent educational institutions, including public schools, colleges, and vocational training centers, providing opportunities for learning and personal growth.
2. Healthcare.Access to reliable healthcare facilities and services is essential for a high quality of life. These cities have reputable hospitals, clinics, and healthcare providers, ensuring that residents have access to quality medical care when needed.
3. Recreation. Affordable cities in Vermont often offer a plethora of recreational activities, taking advantage of the state’s natural beauty and four distinct seasons. From hiking and skiing to cultural events and community gatherings, residents can enjoy various pursuits throughout the year.
4. Community.A strong sense of community is essential for a fulfilling lifestyle. In Vermont’s most affordable cities, residents can find a warm and welcoming atmosphere, where neighbors come together to support one another. Community events, such as farmers’ markets, cultural festivals, and charity fundraisers, provide opportunities for socializing and building connections.

Conclusion

The most affordable places to live in Vermont offer a unique blend of affordability and a high quality of life. From historic towns to lakeside communities, these cities showcase the state’s diverse charm and sense of community. The cost of housing, utilities, and everyday expenses make living in these cities a cost-effective and prudent choice.

Beyond affordability, the importance of education, healthcare, recreation, and community engagement enhances the overall quality of life in these cities. Residents can access top-notch educational institutions, reliable healthcare services, and a wide array of recreational activities that celebrate Vermont’s natural beauty and cultural heritage. The strong sense of community fosters a welcoming environment, where residents can forge lasting connections and thrive.

Whether you’re a young professional, a growing family, or a retiree seeking the perfect place to call home, Vermont offers an inviting and enriching lifestyle. Explore these cities and discover the unique opportunities each one has to offer, making your dream of living in the “Green Mountain State” a reality.

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