Press: News clips
Burlington pricier than average
by Dan MacLean
Free Press Staff Writer
(Burlington
Free Press, 07/06/06)
The nagging feeling many people have that things — particularly housing —
cost more in Burlington and in surrounding communities, was confirmed by
data released Wednesday by The Lake Champlain
Regional Chamber of Commerce.
In
the first three months of 2006, the cost of living in the Burlington area
was 19 percent higher than the national average, with housing costs in the
city, South Burlington, Essex, Williston, Winooski and Colchester
44 percent higher,
the study said.
A year ago, the region's cost of living was 17
percent higher than the national average and housing 32 percent
above average,
according to the study by The
Council for Community and Economic Research, a community and economic development
research
organization. Five years ago, the region's cost of living was 13 above the
national average.
"High housing costs are clearly a challenge
for those seeking to live and work in Greater Burlington," chamber
President A. Wayne Roberts said in a statement.
The council, also
known as ACCRA, analyzes data from 297 urban areas that
choose to take part in the organization's survey.
The national average for
housing prices is based on the rent for a two-bedroom apartment
and the mortgage payment of a 2,400- square-foot home, said
Kristin Silverman, spokeswoman for the chamber.
In the Burlington
area, average rent cost $1,015 and the price of a home in the
Burlington area was $435,732, Silverman said. The national
average was
$733 for
the rent and $301,514 for the home, according to the study.
The chamber
has put housing costs and the tax burden among the region's
chief competitiveness challenges. Compared with the national
average,
the study
found that in Burlington, South Burlington, Essex, Williston, Winooski
and Colchester,
prices for miscellaneous goods and services were 13 percent higher,
transportation 7 percent higher, and health care and grocery items
both 8 percent higher.
The cost of utilities, however, fell from 37
percent above the national average five years ago to 6 percent.
Health
care costs have also fallen 5 percent, with respect to the
national average.
Contact Dan McLean at (802) 651-4877 or dmclean@bfp.burlingtonfree
press.com.
© 2002-2008 Vermont
Housing Awareness Campaign. All rights reserved.
Contact: info@housingawareness.org
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