Cost Of Living in Barre, VT

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B-

0%

Overall NAT. AVG.

8%

Goods & Services NAT. AVG.

19%

Housing NAT. AVG.

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	Barre	Vermont	National
Cost of living	100	110	100
Goods & Services	108	108	100
Groceries	105	105	100
Health care	106	106	100
Housing	81	112	100
Transportation	107	107	100
Utilities	121	121	100

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Cost Of Living Quick Facts

The cost of living in Barre is 8% lower than the Vermont average
The cost of living in Barre is equal to the national average
Barre housing is 19% lower 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

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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	$66,154	$5,513	$1,543	$1,985
Renters	$27,592	$2,299	$644	$828

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 homeowners, is $66,154. This would allow for a maximum of $1,543 per month to be spent on housing costs. For renters, the median monthly income is $27,592 which would result in a maximum of $644 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	3.35%	8.75%

Goods & Services

Item	Barre	National avg.	Difference
Haircut	$26.98	$24.26	11.2%
Beauty Salon	$46.44	$45.56	1.9%
Toothpaste	$3.73	$3.70	0.8%
Shampoo	$1.23	$1.28	3.9%
Movie	$11.94	$12.13	1.6%
Bowling	$15.67	$18.00	13.0%

Groceries

Item	Barre	National avg.	Difference
Ground Beef	$5.76	$5.84	1.4%
Fried Chicken	$1.72	$1.57	9.6%
Milk	$4.82	$4.67	3.1%
Potatoes	$4.97	$4.93	0.7%
Pizza	$12.05	$12.09	0.3%
Beer	$10.01	$10.41	3.9%

Health Care

Item	Barre	National avg.	Difference
Optometrist	$141.67	$125.68	12.7%
Doctor	$152.78	$135.78	12.5%
Dentist	$130.83	$113.29	15.5%
Ibuprofen	$10.78	$10.65	1.2%
Lipitor	$371.02	$468.60	20.8%

Housing

Item	Barre	National avg.	Difference
Home Price	$149,200.00	$184,700.00	19.2%
Avg. Mortgage Payment	$3,072.44	$2,346.69	30.9%
Apartment Rent	$775.00	$949.00	18.3%

Transportation

Item	Barre	National avg.	Difference
Gasoline	$3.59	$3.46	3.8%
Tire Balancing	$68.60	$59.92	14.5%

Utilities

Item	Barre	National avg.	Difference
All Electricity	$262.67	$193.99	35.4%
Phone	$186.03	$192.25	3.2%

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.
East Montpelier, VT	82	109	8.7%
Websterville, VT	380	96	4.4%
Groton, VT	569	96	4.3%
Chelsea, VT	463	97	3.3%
Graniteville, VT	907	98	2.1%
Barre, VT	8,590	100	0.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
New Square, NY	8,589	156	56.4%
Shiprock, NM	8,588	85	15.2%
Independence, KS	8,595	78	21.7%
Bayport, NY	8,584	148	48.1%
Kings Grant, NC	8,596	100	0.3%
Barre, VT	8,590	100	0.4%