Cost of Living in Westminster, VT

With a cost of living index of 86, Westminster, VT is a very affordable place to live. Living here is 14% cheaper than the national average and 5% below the Vermont state average of 92. Westminster is a small community of 622 residents.

Housing costs are the biggest factor in Westminster's cost of living. The median monthly rent is $915 (31% below the US median of $1,319), and the median home value sits at $285,300 (6% below the national median of $304,900). At current prices, the median home costs roughly 3.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Westminster is $90,938, which is 21% higher than the national median of $75,149. Residents spend roughly 12% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.