"The math illustrates the problem. Retirees in Vermont face average monthly living expenses of $2,628, while the state's median Social Security benefit is just $1,954 per month. With housing costs averaging $838 per month-among the highest in the country for mortgage-free homeowners-budgets simply don't balance. At $838 per month, retirees' housing-related expenses-including property taxes, insurance, utilities, and maintenance-are more than double those in low-cost states like West Virginia ($398) or Alabama ($419). These elevated costs push housing well above the federal affordability benchmark, which recommends housing account for no more than 30% of income. In Vermont, housing consumes nearly 43% of the typical retiree's Social Security check, leaving little room for food, healthcare, or transportation."
"Vermont is celebrated for its scenic landscapes, small-town charm, and quality of life. But those perks come at a steep cost for retirees. Property taxes are among the highest in the nation, and utility bills climb during the state's long, cold winters. Home insurance costs also trend higher due to weather-related risks, further compounding monthly housing expenses. Still, for seniors with additional retirement savings or pensions, Vermont remains an attractive de"
Retirees in Vermont face average monthly living expenses of $2,628 while the state's median Social Security benefit is $1,954 per month. Housing costs average $838 monthly for mortgage-free homeowners, among the highest nationwide, creating an annual shortfall of $8,088 or about $674 per month. Housing-related expenses include property taxes, insurance, utilities, and maintenance and are more than double those in low-cost states. These costs push housing above the federal affordability benchmark, consuming nearly 43% of typical Social Security benefits and constraining spending on food, healthcare, and transportation.
Read at SFGATE
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