Milton, VT vs Waterbury, VT

There is a significant gap in the cost of living between these two cities. Waterbury is 19.5% cheaper than Milton. With a cost index of 92 vs 110, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Waterbury to Milton should plan for substantially higher expenses across most categories.

On the housing front, median rent in Milton is $1,643/month compared to $984/month in Waterbury — a 67% difference. Interestingly, home values tell a different story: while Waterbury has cheaper rent, Milton actually has lower median home values ($309,000 vs $332,900).

Median household income in Milton is $82,750 compared to $59,934 in Waterbury (+38.1%). While Milton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Milton spend roughly 23.8% of their income on rent, more than the 19.7% in Waterbury.