Quick facts: Brookfield, VT

Quick Facts

110.2
Cost of Living
above US average
1,222
Population
8.18
Crime Rate per 1000
below US average
$65,000
Median Income
below US average
$239,000
Median House Price
above US average
$1726
Average Rent
above US average
8%
Poverty Rate
below US average
1.1%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $65,000.

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Income Needed to Buy

βœ— Stretch
$75k/year
Based on $239,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $75k vs median $65,000
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Income Needed to Rent

⚠ Stretch
$74k/year
Based on $1726/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $74k vs median $65,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Brookfield, VT

Brookfield is a picturesque town located in Washington County, Vermont. Nestled among tranquil hills and lush countryside, it offers a quintessential New England experience. With a population of around 1,000 residents, Brookfield is known for its tight-knit community and peaceful lifestyle. The town is characterized by its beautiful landscapes, including the stunning Brookfield Floating Bridge, a unique wooden bridge that spans a section of the nearby brook and is an iconic landmark in the area. Outdoor enthusiasts can enjoy activities like hiking, fishing, and boating, especially in the nearby Blueberry Lake State Park. Historically, Brookfield boasts a rich heritage with several well-preserved historical sites and buildings. The local economy is primarily based on agriculture and small businesses, contributing to the town's charming rural vibe. Despite its small size, Brookfield celebrates its community spirit with various local events and gatherings throughout the year, making it a remarkable place for both residents and visitors to enjoy the beauty of Vermont's countryside.

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