Moving to Vermont in 2024? Complete Moving Guide

Are you thinking of moving to Vermont? 

Vermont is often referred to as the Green Mountain State, which offers an affordable cost of living. The state is located in the northeastern United States. Vermont is known for rolling hills and mountains with stunning scenery. Residents of Vermont enjoy a rural lifestyle with a slower pace of life and a strong sense of community. The state is rich in cultural heritage and rich history. The economy of Vermont is driven by a variety of industries, and some industries bring seasonal employment. Several additional details are required to decide about relocating to Vermont, and this moving guide will help you explore virtually.   

• Vermont Demographics
• Quick Facts of Vermont
• Top reasons to move to Vermont
• Pros & Cons of Living in Vermont
• Best Places to Live in Vermont
• Best Neighborhoods in the Vermont
• Cost of living in Vermont
• Major industries in Vermont
• Top Career Options in Vermont
• Best things to do in Vermont
• Education System in Vermont
• Type of insurance required in Vermont
• Taxes in Vermont

The majority of the residents hold college degrees. Here, we have listed statistics related to the demographics of Vermont.

Male vs Female Population of Vermont 

Population distribution by Ethnicity in Vermont

The utilities are higher during winter, and the cost of transportation depends on the location. For your reference, we have compiled details related to the cost of living in Vermont-

Cost of Living by Categories in Vermont vs USA 

Median House Price in Vermont vs USA

Median Rent Price in Vermont vs USA

Housing Market in Vermont

Vermont’s housing market has been relatively stable in recent years. It has shown a steady growth and increasing home price which can vary significantly depending on the location and type of the property. The housing costs are affordable and influenced by economic growth and job creation.

Average Rental Cost in Vermont

The average rental cost in Vermont is higher in cities like Burlington and Montpelier as compared to other small cities or rural areas. The rental cost can vary depending on the specific city and property type.

Median Home Value in Vermont

The median home value in Vermont has been steadily increasing in recent years. The major factors responsible for the price rise are economic growth, increasing population, and limited housing inventory.

How is the job market in Vermont? 

According to the statistics, the job market in Vermont has been relatively stable in recent years. There are several industries from different sectors offering employment opportunities. The economy of the state is majorly driven by industries like tourism, manufacturing, and more. The state is home to thriving small businesses as they provide opportunities to entrepreneurs and job seekers. Explore the statistics of the job market in Vermont here-

Median Income in Vermont vs USA 

Unemployment Rate in Vermont vs USA

Here are the statistics for different career options in Vermont with their average salary, entry-level salary, and number of employees-

Biggest Companies in Vermont by city and number of employees

Vermont is home to several companies who has a huge number of employees. In this section, we have compiled details about the biggest companies in Vermont with their location and number of employees-

Planning trips and vacations to learn more about the city and neighborhood. Here is a list of things that you can do after relocating to Vermont

Auto Insurance- This insurance is mandated by law, and all vehicle drivers are required to have auto insurance. Here is the breakdown for minimum coverage-

$25,000 for bodily injury per person

$50,000 for bodily injury per accident

$10,000 for property damage per accident

Health Insurance- Health insurance is not mandated by law, but according to the Affordable Care Act, all individuals are required to have health insurance. There are several plans available through Vermont Health Connect.

Life Insurance- This insurance provides financial support to your family in the event of your death.

Homeowners Insurance- This is not required by law, but highly recommended to protect your home against damage caused by fire, theft, and other covered events.

Workers’ Compensation Insurance- All employers in the state are required to have workers’ compensation insurance to cover the medical expenses and lost wages for employees injured on the job.

General Liability Insurance- This type of insurance is required by all businesses to protect against claims of property damage, bodily injury, and personal injury.

Income Tax- The state has a progressive state income tax, which means the tax rate increases with the rise in income.

Sales Tax- In Vermont, most purchases are subject to sales tax, and some cities and counties also impose local sales tax.

Property Tax- If you own a property in Vermont, then you will be subject to property tax. The tax rate for property tax is calculated based on the assessed value of the property.

Estate Tax- If your estate exceeds a certain threshold, then you may have to pay estate tax.

Vehicle Registration Fees- When you move to Vermont, you are required to register your vehicle, and for this, you have to pay vehicle registration fees.

Disclaimer: The information provided in this guide is for informational purposes only and should not be construed as legal, financial, or professional advice. It is recommended to conduct thorough research and consult relevant experts before making any decisions related to relocation.