Salary Needed to Live in Montpelier as a Single
A single adult living independently needs approximately $22,839/year to live comfortably in Montpelier, VT — including 10% savings.
Comfortable Salary
$22,839
with 10% savings
Bare Minimum
$19,667
no savings buffer
Monthly Expenses
$1,180
7% above national avg
Detailed Monthly Budget for a Single in Montpelier
| Expense | Montpelier | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 Studio/1BR Rent | $150 | $113 | +33% |
| 🛒 Groceries | $22 | $17 | +29% |
| ⚡ Utilities | $17 | $14 | +21% |
| 🚗 Transportation | $27 | $26 | +4% |
| 🛡️ Car Insurance | $179 | $229 | -22% |
| 🏥 Health Insurance | $63 | $58 | +9% |
| Internet | $73 | $65 | +12% |
| Phone | $95 | $85 | +12% |
| Dining & Social | $336 | $300 | +12% |
| Entertainment | $134 | $120 | +12% |
| Personal Care | $84 | $75 | +12% |
| Total Monthly | $1,180 | $1,102 | +7% |
How We Calculated the Salary
Monthly expenses:$1,180
Target savings (10%):$152/mo
Monthly after-tax needed:$1,332
Effective tax rate:28%
Gross annual salary needed:$22,839
Other Household Types in Montpelier
Related Pages
FAQ
What salary does a single person need in Montpelier?
A single person needs approximately $22,839/year ($1,903/month gross) to live comfortably in Montpelier with a 10% savings rate.
How much is rent for a single person in Montpelier?
A studio/1br in Montpelier costs approximately $150/month, which is the largest single expense at 13% of the total budget.
Is Montpelier affordable for a single person?
Montpelier is roughly average for single person costs, requiring a salary close to the national median.