Cost of Living in Morrisville, VT

With a cost of living index of 94, Morrisville, VT is slightly more affordable than average. Living here is 6% cheaper than the national average and in line with the Vermont state average. Morrisville is a small community of 2,527 residents.

Housing costs are the biggest factor in Morrisville's cost of living. The median monthly rent is $1,242 (6% below the US median of $1,319), and the median home value sits at $258,800 (15% below the national median of $304,900). At current prices, the median home costs roughly 3.9x the median household income — a moderately affordable ratio by today's standards.

The median household income in Morrisville is $66,792, which is 11% lower than the national median of $75,149. Residents spend roughly 22% 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.