Johnson, VT vs Richmond, VT
There is a significant gap in the cost of living between these two cities. Johnson is 19.6% cheaper than Richmond. With a cost index of 90 vs 112, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Johnson to Richmond should plan for substantially higher expenses across most categories.
Renters will find that Johnson has a median rent of $976/month while Richmond comes in at $1,814/month, a 46% difference.
Median household income in Johnson is $48,355 compared to $62,240 in Richmond (-22.3%). While Richmond is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Johnson spend roughly 24.2% of their income on rent, less than the 35% in Richmond. The Johnson ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.
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