Cost of Living in Wolcott, VT

With a cost of living index of 81, Wolcott, VT is a very affordable place to live. Living here is 19% cheaper than the national average and 11% below the Vermont state average of 92. Wolcott is a small community of 209 residents.

Housing costs are the biggest factor in Wolcott's cost of living. The median monthly rent is $1,091 (17% below the US median of $1,319), and the median home value sits at $155,600 (49% 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 Wolcott is $39,904, which is 47% lower than the national median of $75,149. Residents spend roughly 33% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. 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.