Rutland 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.
IndexRutlandVermontNational
Cost of living index105113100
IndexRutlandVermontNational
Goods & Services index106106100
Groceries index109109100
Health care index107107100
Housing index87115100
Transportation index128128100
Utilities index123123100
An overview of the general cost of living index for Rutland, VT is displayed above for your reference. Residents in Rutland, VT enjoy a cost of living index of 105. This index is 7% lower than the Vermont average, and 5% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Rutland, VT, the average cost of goods and services is equal to it is in Vermont, and it is 6% higher than the national average.

Did you know?

  • The cost of living in Rutland is 7% lower than the Vermont average.
  • The cost of living in Rutland is 5% higher than the national average.
  • The cost of housing in Rutland is 13% 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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Salary Calculator

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Use the salary calculator to compare your current salary in Rutland, 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 Rutland, VT, then you would need to earn more income in order to maintain the same standard of living. To use the Rutland, 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$51,429$4,286$1,200$1,543
Renters$23,401$1,950$546$702
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Rutland, 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 Rutland, VT homeowners, is $51,429. This would allow for a maximum of $1,200 per month to be spent on housing costs. For renters, the median monthly income is $23,401 which would result in a maximum of $546 to be spent on rental costs.

Vermont Sales Tax

StateGeneral Sales TaxWith Max Surtax
Vermont6%7%

Vermont Income Tax

StateIncome Tax (Low)Income Tax (High)
Vermont3.55%8.95%
One thing to keep in mind when considering the cost of living in Rutland, VT is the Vermont sales tax and Vermont income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Vermont sales tax rate is 6% and the maximum surtax that can be charged is 7%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Vermont income tax rates range from 3.55% to 8.95%.

Goods & Services

ItemRutlandNational avg.Difference
Haircut $19.12$14.5931.0%
Beauty Salon $45.50$34.6831.2%
Toothpaste $2.09$2.4715.5%
Shampoo $1.09$1.026.7%
Movie $10.53$9.876.7%
Bowling $4.67$4.396.3%

Groceries

ItemRutlandNational avg.Difference
Ground Beef $4.56$4.481.9%
Fried Chicken $1.84$1.4625.7%
Milk $2.79$2.3618.4%
Potatoes $3.99$3.0630.3%
Pizza $8.00$9.2413.4%
Beer $8.74$8.631.2%

Health Care

ItemRutlandNational avg.Difference
Optometrist $128.10$99.7828.4%
Doctor $113.84$105.038.4%
Dentist $94.00$88.706.0%
Ibuprofen $9.66$9.412.6%
Lipitor $311.23$298.504.3%

Housing

ItemRutlandNational avg.Difference
Home Price $156,000.00$175,700.0011.2%
Avg. Mortgage Payment $1,714.70$1,081.0358.6%
Apartment Rent $775.00$920.0015.8%

Transportation

ItemRutlandNational avg.Difference
Gasoline $2.68$2.0928.1%
Tire Balancing $58.28$45.2928.7%

Utilities

ItemRutlandNational avg.Difference
All Electricity$234.61$170.8037.4%
Phone $28.84$28.262.1%
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, StatePopulationCost of Living IndexNational Avg.
Granville, NY2,54496-4%
Poultney, VT1,6731022%
Fair Haven, VT2,3471033%
Wells, VT3221022%
West Rutland, VT1,9981044%
Rutland, VT16,2171055%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Menomonie, WI16,21999-1%
Sudley, VA16,22111111%
Great Falls, VA16,207208108%
Dublin, GA16,20084-16%
Hermitage, PA16,23784-16%
Rutland, VT16,2171055%
Source: The Rutland, VT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.