States › Vermont › Bennington

Is Bennington, VT expensive to live in?

OKRent takes 24 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,18532% lower than U.S. average
💵 Families earn per year (2026)$58,516about $4,876/month · 33% lower than U.S. average
🔑 House price$191,70042% lower than U.S. average

Bennington is the 5th-largest city in Vermont that we track, with 9,245 residents. Rent is lower than in 77% of U.S. cities. A typical house costs about 3.3 years of household income. Commutes are short, about 17.2 minutes.

How much money do I need?

To rent here comfortably, you should earn about $47,400 a year. That is $23 an hour at a full-time job.

Is rent cheaper than other Vermont cities?

Yes. Rent here is cheaper than in most of Vermont. It is number 2 of 13 cities from cheapest to most expensive.

Bennington
$1,185
$1,206
$2,143

How much do households earn in Bennington?

Under $25k
24.6%
$25k–50k
26.8%
$50k–100k
28.9%
$100k–150k
12.1%
$150k+
5.5%

Share of households by yearly income. 17.6% of households earn $100,000 or more.

Rent by apartment size in Bennington

SizeBenningtonU.S. average
1 bedroom$1,117$1,324
2 bedrooms$1,294$1,509
3 bedrooms$1,373$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Bennington overall?

Everyday prices in Vermont overall are 2% below the U.S. average (index 98.0, U.S. = 100).

Housing
87
Goods (food, clothes…)
97
Utilities
126
Other services
102
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Bennington, so the Vermont figure is shown.

Taxes and bills in Bennington

🏛️ Property tax$4,331a year · 2.26% of home value · U.S. $3,119
⚡ Electric bill$121a month (typical) · U.S. $156

Life in Bennington

Commute to work17.2 minU.S.: 26.4 min
College degree34.5%U.S.: 35.7%
Own their home54.7%U.S.: 65.2%
Below poverty line11.4%U.S.: 12.5%
Unemployment5.4%U.S.: 5.2%

Is it cheaper to rent or buy in Bennington?

Renting is cheaper right now: about $145 a month less.

Renting
$1,185
Owning
$1,330

Owning assumes a typical $191,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $19,170 for the down payment.

Frequently asked questions

What is the average rent in Bennington, VT?

Renting in Bennington costs a median of about $1,185 a month in 2026, including utilities. The Vermont median is $1,655.

How much do I need to make to live in Bennington?

To keep rent under 30% of income, you need about $47,400 a year, or $23 an hour at a full-time job.

Is Bennington cheap or expensive?

Bennington is rated OK: rent takes 24.3% of the typical household income of $58,516. It ranks 2nd cheapest of 13 Vermont cities we track.

How much are property taxes in Bennington?

The median homeowner in Bennington pays $4,331 a year in property taxes, about 2.26% of the median home value.

Is Bennington more expensive than the national average?

Overall prices in Vermont are 2% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Bennington?

The median home value in Bennington is $191,700, about 3.3 times the typical yearly household income.

9,245 people live in Bennington. Numbers are typical (middle) values.