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Cost of Living in Burlington

Is it better to rent or buy in Burlington? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$68,668
$1,087/mo

Median in area: $1,087

$246,539

Median in area: $246,539

$49,308

If you Rent

🔑
$1,245 /mo
Base Rent$1,087
Est. Utilities$158
% of Income21.8%
Pre-tax Residual$4,477

If you Buy

🏠
$1,596 /mo
P&I (6.5%)$1,247
Taxes & Ins$191
Est. Utilities$158
% of Income27.9%
Pre-tax Residual$4,127

Cost of Living FAQs

Is it cheaper to rent or buy in Burlington?›

Based on median housing data, renting is currently more affordable on a monthly basis in Burlington. The estimated all-in monthly cost for renting is $1,245, while owning a median-priced home with a 20% down payment is roughly $1,596 per month (a difference of $351).

How much do utilities cost in Burlington?›

The average monthly utility cost (electricity and natural gas) for a typical home in Burlington is approximately $158. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Burlington?›

To comfortably afford the median rent and utilities in Burlington without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $49,800 per year.