Small Town4,189 people

Springfield, VT

Discover how far your salary goes in Springfield. Compare taxes, rent, and living costs.

Cost Index
122
📈 Above Average
Population

4,189

State Tax

8.8%

1BR Rent

$1,309

/month

vs National

-6%

below avg

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Rent Prices in Springfield

🏠

Studio

$1,047

/month

$12,564/year

Most Common
🛏️

1 Bedroom

$1,309

/month

$15,708/year

🏡

2 Bedroom

$1,767

/month

$21,204/year

🏘️

3 Bedroom

$2,291

/month

$27,492/year

Taxes in Vermont

State Income Tax

Vermont

8.8%

For a $100k salary, that's ~$8,750/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Springfield, VT?

Springfield has a cost of living index of 122, which is 22% above the national average. A 1-bedroom apartment costs around $1,309/month.

What is the state income tax in Vermont?

Vermont has a state income tax rate of approximately 8.8%. This is in addition to federal income tax.

How much is rent in Springfield?

The median rent for a 1-bedroom apartment in Springfield is $1,309/month. For a 2-bedroom, expect to pay around $1,767/month. This is 6% below the national average.

Is Springfield a good place to live?

Springfield is a small town with a population of 4,189. The cost of living is above average, making it more expensive than average for the US.

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