February 2, 2023

Money News PH

The Premier Blog Where Money Talks

Is Vermont a good place to live?

Vermont is a state in the northeastern United States, bordered by New Hampshire to the east, Massachusetts to the south, and New York to the west.

It is the sixth smallest state in terms of land area but has a population of 645,275 people making it the second smallest state in terms of population. Vermont is known for its rolling green mountains, charming small towns, and diverse natural beauty including forests, lakes, and streams.

The state is divided into 14 counties, with the largest city being Burlington on the shores of Lake Champlain. Vermont is also home to several smaller towns and villages, including Montpelier, the state capital, and Stowe, a popular ski resort. The state has a strong agricultural tradition, with dairy being a major industry and a growing craft beer and artisanal food scene. Vermont is also home to several colleges and universities, including the University of Vermont and Middlebury College.

What is the cost of living in Vermont?

The cost of living in Vermont is generally considered higher than the national average, with an estimated cost of living index of 108.4 (the national average is 100). This puts the cost of living in Vermont about 8.4% above the national average. However, it should be noted that the cost of living can vary significantly within the state, with certain areas, such as the Burlington area, having a higher cost of living than others.

One of the main factors contributing to the higher cost of living in Vermont is the high cost of housing. The median home price in Vermont is about $374,414 (according to Zillow), which is well below the national median of $428,700. Rental rates in Vermont are also relatively high, with the average monthly rent hovering around $2,000.

Other costs such as groceries, health care, and transportation are generally higher in Vermont than the national average. For example, the average price for a gallon of gas in Vermont is about $3.40, which is about $1.4 more than the national average. In addition, healthcare costs in Vermont are among the highest in the country, with the average monthly premium for a single person being around $450.

Why is Vermont such a good place to live?

There are several reasons Vermont is considered a great place to live. Here are a few:

Beautiful natural landscape

Vermont is known for its stunning natural beauty, with rolling hills, forests, and mountains making up much of the state’s landscape. This makes it an excellent spot for outdoor enthusiasts for hiking, skiing, and mountain biking. The state is also home to several national parks and forests, such as Green Mountain National Forest and White Mountain National Forest, which provide opportunities for recreation and relaxation in a natural setting.

Vermont has a strong sense of community with many small towns and villages located throughout the state. This sense of community is encouraged by the state’s small size and close-knit sense of belonging, as many residents know their neighbors and participate in local events and organizations. This strong sense of community can create a welcoming and supportive environment for Vermont residents.

High standard of living

Vermont ranks high when it comes to quality of life, with low crime rates, high access to health care, and a robust public education system. The state also has a thriving arts and culture scene, with numerous galleries, theaters and festivals taking place throughout the year.

Additionally, Vermont is known for its strong focus on sustainability and environmental conservation, with many residents participating in initiatives to reduce their carbon footprint and promote environmental stewardship.

Affordable housing

Vermont has relatively affordable housing compared to other states in the Northeast, making it an excellent place for those looking to buy a home or rent an apartment. The state also has a mix of urban and rural housing options, allowing residents to choose the type of environment that best suits their lifestyle and needs.

Strong economy

Vermont’s economy is diverse and growing with a mix of agriculture, tourism, and manufacturing. The state also has a strong start-up culture, with many entrepreneurs choosing to set up businesses in Vermont because of the favorable business climate. This strong economy offers opportunities for employment and career growth for those who choose to live in Vermont.

Why is crime so low in Vermont?

Vermont has consistently been ranked as one of the safest states in the United States, with low crime rates across multiple categories. There are several reasons why crime in Vermont is so low.

With just 645,275 residents, Vermont has the second-smallest population of any state in the United States. This small population means fewer people are around to commit crimes, and it also means Vermont has a smaller and more tight-knit community, which can help prevent crime. Vermont has a strong sense of community and high social cohesion. Vermont is known for its small towns and rural communities, where people tend to know their neighbors better and have a strong sense of community connection. This strong sense of community can help prevent crime, as people are more likely to report suspicious activity and keep an eye out for their neighbors. Vermont has relatively low levels of poverty compared to other states. Poverty is often correlated with higher crime rates, as people living in poverty are more likely to turn to crime as a means of survival. Vermont has a relatively low poverty rate, with only about 10% of the population living below the poverty line. This low poverty rate may contribute to the state’s low crime rate. Vermont has a strong law enforcement presence. Highly trained and well-resourced, the Vermont State Police work closely with local law enforcement to keep crime rates down. Vermont also has a relatively high number of police officers per capita, which means a larger police presence in the state. This strong law enforcement presence can help deter crime and respond quickly to incidents.

Conclusion

Ultimately, the choice of where to live is very personal, and many factors need to be considered and weighed, making the decision difficult. You should do what feels right for you and your family, and you can’t go wrong in Vermont. Its natural beauty, high quality of life, strong sense of community and numerous outdoor activities make it a desirable destination for those seeking a peaceful, fulfilling place to call home.