The Green Mountain State of Vermont is renowned for its scenic landscapes, quaint small villages, and abundant natural beauty. Outdoor enthusiasts, artists, and retirees all like visiting it. With a high cost of living and a small job market, it is also one of the most costly states in which to reside in the United States. In Vermont, the median household income is about $60,000, and the typical home costs over $250,000. Vermont, however, boasts some of the richest towns in the nation, with a high concentration of affluent citizens and upscale amenities.
According to the most recent data from the U.S. Census Bureau, Norwich, a small town with around 3,400 residents in the Upper Valley area close to the New Hampshire border, is the wealthiest town in Vermont. Norwich has a poverty rate of only 3% and a median household income of $116,000, which is more than twice the state average. Professionals, business owners, and retirees enjoy the town’s top-notch schools, cultural offerings, and scenic surroundings. A dynamic intellectual and social scene is offered in Norwich by the famed Dartmouth College, which is only across the river in Hanover, New Hampshire.
Other wealthy communities in Vermont include Shelburne, Charlotte, and Stowe, which are renowned for their natural splendor, leisure activities, and luxury real estate. Shelburne, which is situated on the beaches of Lake Champlain, boasts a flourishing arts and culture scene, a historical museum, and a farm. Its median household income is roughly $100,000. The Lake Champlain city of Charlotte has a median income of $97,000, top-notch public schools, and a thriving artistic and agricultural sector. Stowe, located in the center of the Green Mountains, is a well-known ski resort town with a typical income of $85,000, upscale lodging and dining options, and a buzzing après-ski scene.
Living in Vermont can still be expensive, particularly when it comes to housing, healthcare, and transportation, despite the affluence and facilities of these communities. With hefty property taxes, income taxes, and sales taxes, the state has a heavy tax burden. Additionally, the job market is small, with few high-paying positions available outside of the healthcare, education, and tourist sectors. Although many Vermonters are prepared to accept compromises in order to live there, they do so because they value the state’s high standard of living, sense of belonging, and natural beauty.
With a high concentration of wealthy citizens, cultural amenities, and stunning natural beauty, Vermont features some of the wealthiest and most beautiful towns in the nation. A few examples of the many towns that provide a high standard of living and a strong feeling of community include Norwich, Shelburne, Charlotte, and Stowe. However, due to a high cost of living, few career possibilities, and high taxes, living in Vermont can also be pricey. However, it is a tiny price to pay for people who cherish the Vermont way of life.