Quick facts: Jericho, VT

Quick Facts

110.2
Cost of Living
above US average
5,070
Population
0.79
Crime Rate per 1000
below US average
$81,000
Median Income
above US average
$488,000
Median House Price
above US average
$1726
Average Rent
above US average
5%
Poverty Rate
below US average
1.5%
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 $81,000.

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Income Needed to Buy

βœ— Stretch
$153k/year
Based on $488,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $153k vs median $81,000
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Income Needed to Rent

βœ“ Affordable
$74k/year
Based on $1726/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($81,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Jericho, VT

Jericho is a charming town located in Chittenden County, Vermont. Nestled in the picturesque Green Mountains, it offers stunning natural beauty with lush landscapes and outdoor recreational opportunities. The town is known for its generous open spaces, with numerous hiking trails, parks, and rivers, making it ideal for nature lovers and outdoor enthusiasts. Jericho boasts a close-knit community with a rich history dating back to the 18th century. The town features a mix of historic homes and modern developments, providing a quaint New England atmosphere. Local amenities include cozy shops, restaurants, and a strong emphasis on supporting local businesses. Educationally, Jericho is served by the highly-rated Jericho Elementary School and other nearby institutions, emphasizing a strong community-centric approach to education. The town is situated within a reasonable driving distance from Burlington, the largest city in Vermont, allowing residents to enjoy a small-town lifestyle while having access to urban conveniences. With its stunning views, engaging community, and outdoor activities, Jericho is a delightful place to live and explore.

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