Cost of Living in Wilmington, VT

With a cost of living index of 88, Wilmington, VT is a very affordable place to live. Living here is 12% cheaper than the national average and 3% below the Vermont state average of 92. Wilmington is a small community of 370 residents.

Housing costs are the biggest factor in Wilmington's cost of living. The median monthly rent is $967 (27% below the US median of $1,319), and the median home value sits at $290,400 (5% below the national median of $304,900). At current prices, the median home costs roughly 5.3x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Wilmington is $54,861, which is 27% lower than the national median of $75,149. Residents spend roughly 21% 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.