Financial Profile: Vermont
Financial landscape, tax rates, cost of living, and median income scoring for Vermont residents.
Vermont at a Glance
Avg Salary
$56,000
Cost of Living
113
Top Tax Rate
8.8%
Adjusted Income
$49,557
Monthly Take-Home
$3,507
Max Rent (30%)
$1,400
Financial Genome at Median Income
Scores calculated for someone earning $56,000/yr in Vermont with typical expenses.
PPI
40
C
FPI
25
F
LRS
53
C+
REW
30
D
Living in Vermont: Financial Overview
Vermont has graduated income tax rates from 3.35% to 8.75%.
- High tax rates
- Remote work incentives
- High quality of life
Major Cities
Burlington, South Burlington, Rutland, Barre
With a cost of living index of 113 (above the national average of 100), expenses are higher in Vermont. A $60,000 salary here has the purchasing power equivalent of only $53,097 in an average-cost area.
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