Fairfax, VT vs Hyde Park, VT

Fairfax, VT and Hyde Park, VT have a very similar cost of living, with only a 4.6% difference in their overall index. Fairfax scores 94 while Hyde Park scores 99 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Fairfax is $1,009/month compared to $1,322/month in Hyde Park — a 24% difference. Interestingly, home values tell a different story: while Fairfax has cheaper rent, Hyde Park actually has lower median home values ($288,900 vs $348,600).

Median household income in Fairfax is $56,667 compared to $86,467 in Hyde Park (-34.5%). While Hyde Park is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fairfax spend roughly 21.4% of their income on rent, more than the 18.3% in Hyde Park.