Cost of Living in Northfield, VT

With a cost of living index of 84, Northfield, VT is a very affordable place to live. Living here is 16% cheaper than the national average and 8% below the Vermont state average of 92. Northfield is a small community of 4,165 residents.

Housing costs are the biggest factor in Northfield's cost of living. The median monthly rent is $977 (26% below the US median of $1,319), and the median home value sits at $233,700 (23% below the national median of $304,900). At current prices, the median home costs roughly 4.6x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Northfield is $50,417, which is 33% lower than the national median of $75,149. Residents spend roughly 23% 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.