Vermont variant. This is a Vermont-specific version of the Salary Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Salary Calculator.
A $74,014 salary goes much further in some states than others. Vermont's median home value of $380,000, 8.75% top income tax rate, and 6.36% combined sales tax together define local purchasing power.
Salary vs. cost of living in Vermont
Comparing a job offer across states means adjusting for taxes and housing, not just the headline number. In Vermont, the median household earns $74,014 while the median home costs $380,000 - a price-to-income ratio of about 5.1x.
Vermont's 8.75% top income tax rate trims the value of raises for higher earners relative to no-tax states.
About taxes and housing in Vermont
Vermont uses a graduated income tax with a top marginal rate near 8.75%.
Vermont has a relatively high effective property tax rate around 1.78%, with median home values near $380,000.
Vermont's economy is rooted in agriculture and dairy, tourism and skiing, and small-scale specialty manufacturing.
Worked example: housing affordability on $74,014
A common guideline caps housing at 28% of gross income - about $1,727/month in Vermont. At 6.5% over 30 years with 20% down, that payment supports a home priced near $341,536, versus the state median of $380,000.
Quick reference
- State income tax: 3.35-8.75% across 4 brackets
- State sales tax: 6% (plus 0.36% avg local)
- Median home value: $380,000
- Median household income: $74,014
- Effective property tax rate: 1.78%
- Avg auto insurance: $1,063/yr
Frequently Asked Questions
Is $74,014 a good salary in Vermont?
It matches the Vermont median household income, so it places you near the middle of local earners. Affordability depends heavily on the $380,000 median home price.
How much do I need to live comfortably in Vermont?
Budgets vary, but the 50/30/20 rule on the $74,014 median income allots about $3,084/month to needs.