Housing costs in Mendon?
A typical home costs
$361,500, which is 6.9% more expensive than the national average of
$338,100 and 4.9% more expensive than the average Vermont home, at
$344,600. Renting a two-bedroom unit in Mendon costs
$1,110 per month, which is 22.4% cheaper than the national average of
$1,430 and 16.2% cheaper than the state average of
$1,290.
Can I afford Mendon?
To live comfortably in Mendon, Vermont, a minimum annual income of
$69,120 for a family, and
$37,200 for a single person is recommended.
What does A.I. say about Mendon?
The cost of living in Mendon, VT is slightly higher than the national average. Despite the higher prices, living in Mendon can be quite affordable. The median home value is around $257,000 which is lower than the national average and there are plenty of budget-friendly apartments and homes for rent that are available to prospective residents. Property taxes in Mendon are also lower than the national average, making it an ideal place to live for those on a tighter budget who want to enjoy all that Vermont has to offer. Sales tax is close to the national average at 6%, however, there are no income taxes which helps keep overall costs down. Additionally, groceries, services, and transportation costs tend to be cheaper in Mendon than other parts of the country due to its rural location.