Cost of Living in Bennington
Bennington's cost of living centers on a real, genuine housing discount against both the national figure and this project's Chittenden County Vermont markets, set against a notably higher property tax rate.
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Learn moreGenuinely affordable housing
Bennington's average home value (~$255,277) and median sale price (~$253,000) both run substantially below the $408,776 national comparison figure and this project's Colchester, Williston-vt, and Milton-vt records.
A notably higher property tax offset
Bennington's own cited effective property tax rate (~3.05%) runs substantially above Vermont's statewide figure (1.51%) and this project's other Vermont Tier A markets -- a real, disclosed offset to the housing savings.
Vermont's real, high statewide income tax still applies
Vermont's real 8.75% top marginal income tax rate applies in Bennington as statewide, per vermont.js.
Key takeaways
- Bennington's housing costs run substantially below the national figure and this project's other Vermont markets.
- Bennington's own property tax rate runs substantially higher, a real offset to the housing savings.
- Vermont's real, high statewide income tax applies regardless of Bennington's lower housing costs.
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