Cost of Living in Stowe, VT
Housing
The housing market plays a significant role in determining the cost of living in Stowe, VT.
- Housing Index: 115 / 100
- Median Home Price is: $390,000
- Average Rent (2 BR Apartment): $1726 per month
- Average Rent (2 BR House): $1876 per month
When considering a move to Stowe, VT, it’s essential to weigh the local housing conditions reflected in the data provided. With a housing index of 115, indicative of increased demand or inflated prices, homes average a median price of 390000, putting ownership out of reach for many. Moreover, renting options present a significant financial commitment, as illustrated by the average rent for a 2-bedroom apartment hitting 1726 and even higher for a house at 1876. Make sure to assess your budget to ensure that your financial plans align with what this vibrant area has to offer.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Stowe, VT.
- Electricity Price: $21.91 USD (median by state)
- Natural Gas Price: $18.28 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Stowe, VT could entail higher utility costs. Electricity costs sit at $21.91, while natural gas is priced at $18.28 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Stowe is a financially viable option for your relocation.