Retirement in Vermont
Why should you Live in Vermont?
Vermont is breathtakingly beautiful. The land of maple syrup and dairy products, picturesque landscapes and small towns – Vermont is a potentially good retirement location within the US. Vermont’s four-season experience and spectacular panorama cause many to fall in love with at first sight. Those who live here confess that despite the high tax rates, it is unparalleled in its hiking and biking trails, foliage, ski resorts, and clean air. Being a small state you can reach any place of interest within an hour. There are some good retirement homes in Vermont in idyllic locations in the cities of Rutland, Shelburne, and Burlington.
Vermont has a low crime rate and has been declared the ‘healthiest place to live in’ six times in 7 years. The bustling town of Burlington (also the largest in Vermont) is a beautiful college town on Lake Champlain, ideal for seniors who want to relocate to Vermont and are interested in an active lifestyle with tons of entertainment and recreation options like restaurants, boutiques, shops and nightclubs. Vermont’s Lake Champlain area and mountains like Mount Mansfield, and its rivers provide the perfect settings for pastimes like fishing, canoeing and gardening. Summers spent in hiking and biking and winters in skiing, have put Vermont on the list of the ‘great outdoors.’ If you would love to keep yourself engaged in outdoor activities there are plenty of retirement homes and communities in Vermont which have these locational activities.
Vermont – at a Glance
|Population||Climate||State Income Tax||State Sales Tax||Median Home Price|
|623,908 (2006 est.)||Continental Moist Climate||9.5%||6%||$235,000|
Pros: Autumn in Vermont is an explosion of bright orange, red and gold colored foliage and flowers. There are many famous ski resorts in Vermont.
Cons: Very hot and humid during summer and cold in the winters.
What will your Expenses in Vermont be?
The above table shows the percentage fluctuations in expenditures incurred in Vermont, as compared to the nation’s average, which is taken as 100%.
For example, if you are presently staying in Rhode Island, New York, or New Jersey, then it will a good decision for you to shift to Vermont after your retirement as the costs of housing, groceries, and transportation will be comparatively lesser in Vermont.