Cost of Living in Derby Center, VT

With a cost of living index of 85, Derby Center, VT is a very affordable place to live. Living here is 15% cheaper than the national average and 7% below the Vermont state average of 92. Derby Center is a small community of 684 residents.

Housing costs are the biggest factor in Derby Center's cost of living. The median monthly rent is $1,096 (17% below the US median of $1,319), and the median home value sits at $203,800 (33% below the national median of $304,900). At current prices, the median home costs roughly 3.7x the median household income — a moderately affordable ratio by today's standards.

The median household income in Derby Center is $55,625, which is 26% lower than the national median of $75,149. Residents spend roughly 24% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.