Cost of Living in Springfield, VT

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A+
5%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
24%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Springfield Vermont National
Cost of living95108100
Groceries104107100
Health care105105100
Housing76114100
Transportation104106100
Utilities105106100
Lifestyle & Entertainment101105100
Household Items102103100
Education & Childcare101103100
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Homes For Sale In Springfield, VT

property for sale

221A Southridge St

Springfield, VT
property for sale

22 Coolidge Rd

Springfield, VT
property for sale

169 Fairground Hts

Springfield, VT
property for sale

15 Grove St

Springfield, VT

Cost Of Living Quick Facts

  • The cost of living in Springfield is 12% lower than the Vermont average
  • The cost of living in Springfield is 5% lower than the national average
  • Springfield housing is 24% 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

Most Affordable Places to Live in and Around Springfield

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Compare Springfield, VT Cost of Living

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$80,578$6,715$1,880$2,418
      Renters$25,516$2,126$595$766
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Springfield, 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 Springfield homeowners, is $80,578. This would allow for a maximum of $1,880 per month to be spent on housing costs. For renters, the median monthly income is $25,516 which would result in a maximum of $595 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%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Charlestown, NH970928.4%
      North Springfield, VT758963.9%
      Ascutney, VT394973.1%
      Bellows Falls, VT3,007972.9%
      Claremont, NH13,298972.8%
      Springfield, VT4,179955.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Sullivan, IN4,1798316.6%
      Sawgrass, FL4,17815050.3%
      Dannemora, NY4,180936.5%
      Hesston, KS4,1779010.3%
      Swan River, MB4,177n/a 
      Springfield, VT4,179955.0%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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