Cost Of Living In Barre, VT

Barre cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Barre	Vermont	National
Cost of living index	103	113	100
Index	Barre	Vermont	National
Goods & Services index	110	110	100
Groceries index	108	108	100
Health care index	105	105	100
Housing index	83	115	100
Transportation index	117	117	100
Utilities index	122	122	100

The above illustration supplies generalized information for the Barre, VT cost of living index. Compared to other cities in Vermont and cities across the country, the cost of living index in Barre, VT is 103, which is 9% lower than the Vermont average and 3% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Barre, VT are equal to the average for Vermont and 10% higher than the rest of the country.

Did you know?

The cost of living in Barre is 9% lower than the Vermont average.
The cost of living in Barre is 3% higher than the national average.
The cost of housing in Barre is 17% lower than the national average.
Vermont general sales tax is 18% higher than the national average.
Vermont state income tax is 60% higher than the national average.

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current salary in Barre, VT to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Barre, VT, then you would need to earn more income in order to maintain the same standard of living. To use the Barre, VT salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$58,494	$4,875	$1,365	$1,755
Renters	$21,213	$1,768	$495	$636

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Barre, VT as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Barre, VT homeowners, is $58,494. This would allow for a maximum of $1,365 per month to be spent on housing costs. For renters, the median monthly income is $21,213 which would result in a maximum of $495 to be spent on rental costs.

Vermont Sales Tax

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

Vermont Income Tax

State	Income Tax (Low)	Income Tax (High)
Vermont	3.55%	8.95%

When considering the overall cost of living expenses in Barre, VT, it's important to take into account the sales tax for Vermont, as well as the rate for income tax in Vermont. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Vermont is 7%, and the sales tax in the state of Vermont is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Vermont starts from 3.55% and goes up to 8.95%.

Goods & Services

Item	Barre	National avg.	Difference
Haircut	$23.00	$15.56	47.8%
Beauty Salon	$49.33	$36.11	36.6%
Toothpaste	$2.16	$2.47	12.8%
Shampoo	$1.05	$0.96	9.2%
Movie	$9.88	$10.13	2.4%
Bowling	$3.75	$4.74	20.8%

Groceries

Item	Barre	National avg.	Difference
Ground Beef	$3.95	$3.98	0.9%
Fried Chicken	$1.56	$1.41	10.9%
Milk	$2.55	$2.06	23.4%
Potatoes	$3.02	$2.98	1.4%
Pizza	$11.99	$9.47	26.6%
Beer	$9.10	$8.79	3.5%

Health Care

Item	Barre	National avg.	Difference
Optometrist	$128.10	$101.04	26.8%
Doctor	$113.84	$107.44	6.0%
Dentist	$94.00	$90.42	4.0%
Ibuprofen	$9.22	$9.28	0.6%
Lipitor	$420.45	$426.50	1.4%

Housing

Item	Barre	National avg.	Difference
Home Price	$144,500.00	$175,700.00	17.8%
Avg. Mortgage Payment	$1,741.19	$1,133.23	53.6%
Apartment Rent	$768.00	$920.00	16.5%

Transportation

Item	Barre	National avg.	Difference
Gasoline	$2.19	$1.99	9.9%
Tire Balancing	$60.64	$45.76	32.5%

Utilities

Item	Barre	National avg.	Difference
All Electricity	$228.30	$163.81	39.4%
Phone	$28.00	$28.39	1.4%

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, State	Population	Cost of Living Index	National Avg.
Groton, VT	401	97	-3%
Websterville, VT	514	100	-0%
Graniteville, VT	554	101	1%
Williamstown, VT	1,149	104	4%
East Barre, VT	942	105	5%
Barre, VT	8,955	103	3%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
New Baltimore, VA	8,955	138	38%
Sitka, AK	8,957	138	38%
Andover, MA	8,953	155	55%
North Madison, OH	8,952	95	-5%
Pitman, NJ	8,959	112	12%
Barre, VT	8,955	103	3%

Source: The Barre, VT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

Barre, VT Cost of Living