Rutland, VT

Very Low · 65

Vermont · Population 15,747 · Updated March 2026

$942
Median Rent / Month
$55,000
Median Income
$176,400
Median Home Value
$1,063
Owner Costs / Month

Affordability

How far your income goes in Rutland

20.6%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Vermont

State-level tax rates that affect your costs

8.75%
Income Tax (Top Rate)
6.0%
Sales Tax
1.9%
Property Tax Rate

Estimated Annual Costs

$11,304
Annual Rent
$4,812
State Income Tax
$3,352
Property Tax (est.)

Cost of Living Overview

Rutland is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 65 (where 100 equals the national median), Rutland residents can expect to pay median rent of $942/month while earning a median household income of $55,000/year.

The median home value in Rutland, VT is $176,400, with typical monthly owner costs around $1,063 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.6% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Vermont's top income tax rate of 8.75% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.0% sales tax rate and 1.9% effective property tax rate, the overall tax environment is a factor in the total cost of living in Rutland.

Frequently Asked Questions

Common questions about living costs in Rutland

What is the cost of living in Rutland, VT?
The cost of living index in Rutland, VT is 65 (US average = 100). Median monthly rent is $942, median household income is $55,000/year, and the median home value is $176,400.
Is Rutland, VT affordable?
Yes, Rutland is more affordable than the national average with a cost index of 65. The rent-to-income ratio is 20.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Rutland, VT?
The median gross rent in Rutland, VT is $942 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,304.
What is the median household income in Rutland?
The median household income in Rutland, VT is $55,000 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Vermont?
Vermont has a top income tax rate of 8.75%, a sales tax of 6.0%, and an effective property tax rate of 1.9%.