Cost of Living in Proctor, VT

With a cost of living index of 82, Proctor, VT is a very affordable place to live. Living here is 18% cheaper than the national average and 10% below the Vermont state average of 92. Proctor is a small community of 1,568 residents.

Housing costs are the biggest factor in Proctor's cost of living. The median monthly rent is $1,010 (23% below the US median of $1,319), and the median home value sits at $196,100 (36% below the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Proctor is $65,375, which is 13% lower than the national median of $75,149. Residents spend roughly 19% 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.