Home                           Vol V   Issue 29                    July 26, 2010                       Previous Issues

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Hip, Laid-Back Burlington, Vermont Beckons to Active Retirees with its Lakeside Setting, Mountains Views, Outdoor Recreation and Historic Homes

Cost of Living:  Above the National Average

               

In northern Vermont, picturesque Burlington (population 37,000) is nestled along the banks of Lake Champlain, the sixth largest fresh water lake in the United States (after the Great Lakes), and is home to the University of Vermont (population 14,000 students).    Beautiful scenery, a quintessential New England charm, a high quality of life and a liberal political and social scene are why retirees come to Burlington (in fact Burlington may be one of the most left-leaning places in the nation, with 82% of residents calling themselves Democrats).   The town dates from the 1770s, and its most famous residents have been American Revolution war hero Ethan Allen and ice cream makers Ben and Jerry.  An important early sea port and military post, Burlington began to focus on revitalization in the latter part of the 20th-century.  Today it is a little funky, a bit artsy and tinged with a collegiate hipness.  It has an educated population (40% of residents hold a undergraduate or graduate degree), and 27% of the population is age 45 or better. 

 

 

Burlington's cost-of-living is 20% above the national average, and the median home price is $260,000, down 4% from a year ago but still well above the national median.   Much of the city's architecture from the late 19th-century and early-20th century has been preserved, and the Hill Section, a desirable area full of elegant, two and four bedroom Italianate, Queen Anne and Colonial Revival-style residences, showcases this.    Historic homes, some for as little as $100,000, can be found throughout the city, but single family home inventory, whether it be residences from the 1890s or from the 1980s, starts to open up in the mid-$200,000s.  

Buyers will also find a good selection of condominiums and town homes.  Some are in relatively new developments; others are conversions in 19th-century Victorians.   Prices start in the mid- to low-$100,000s and top out at around $1 million. 

Apartments are plentiful, but most are rented to students.   On average, one bedroom units begin around $650 per month, and 2 bedroom units start at about $850 per month.   Burlington also has a manufactured home community, and manufactured homes on private land are for sale outside of town.

 

Vermont has one of the highest tax burdens in the U.S., and included in this are property taxes.  These are calculated by dividing the fair market value of a home by 100 and multiplying that by the combined school and municipal tax rate (for Burlington, this is 1.72).  Thus, the owner of a $250,000 residence pays approximately $4,300 a year in property taxes.  Owners of primary residences whose household income is less than $97,000 may qualify for reduced school and municipal taxes on their home and up to 2 acres.   Veterans receive a tax exemption.   Vermont is one of fourteen states that taxes Social Security benefits.

Burlington, Vermont


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A New England lake culture, a youthful trendiness and a bohemian atmosphere, thanks in large part to the University, give Burlington its distinct character.   The city has also been recognized for its smart growth initiatives, and with an economy based in health care and education (and ice cream), it is weathering the Recession better than some other New England towns.   It boasts an inviting waterfront with fun shops, art galleries and restaurants, and the downtown Church Street Marketplace, complete with a white steeple Unitarian church at one end, is a lively pedestrian mall that attracts residents of all ages.   For greater shopping adventures, University Mall, Vermont's largest indoor mall, is just down the road.  There are clean beaches, parks and plenty of intercollegiate sports to keep most residents happy.   The Burlington Public Library provides computer and internet classes, has a homebound delivery program and presents a variety of workshops.  And Montreal, one of the world's most cosmopolitan cities, is just 90 miles away.

Vermont is a rugged, rural state, and since Burlington sits between two mountain ranges (the Adirondacks and the Green Mountains) and is next to 75 mile-long Lake Champlain and the Winooski River, outdoor recreational opportunities abound.   The lake beckons to sailors, boaters, snowmobilers, fishermen and women and is sometimes called New England's West Coast.    Twenty miles to the east of Burlington is the Long Trail, Vermont's section of the Appalachian Trail.   Eight nearby downhill ski areas, including Stowe and Sugarbush, provide skiers and boarders with plenty of terrain, and eight golf courses in and around the city keep golfers swinging.

For those seeking a little culture, Burlington has a thriving arts colony, jazz festivals, theater events and concerts year-round (Nectars on Main Street is a great place for live music).   The Ethan Allen Homestead Museum, the historic home of Vermont's founder, is open for tours.  The Lake Champlain Maritime Festival celebrates boat building.   The Festival of Fools is a curated street theater event.  And, of course, the Great Pumpkin Regatta each October features the good citizens of Burlington paddling across Lake Champlain in giant, hollowed out pumpkins.

In the autumn, when the sugar maples turn from green to red, a breathtaking blanket of color quietly descends across Burlington and the rest of Vermont, and there is no better place to be.    Winding country roads, deep woods, road-side apple cider stands, rustic antique markets and quaint covered bridges all contribute to Vermont's peaceful beauty and rural charm.   And nothing beats a stack of hot pancakes covered in Vermont maple syrup on a cold winter morning.

For being a youthful place, senior services in Burlington are quite good.  SCORE (Service Center of Retired Executives) and RSVP (Retired Senior Volunteer Program) are both active here and help place retirees in a variety of volunteer positions.   The Champlain Senior Center provides many services, including blood pressure checks, grief support, home safety checks and a variety of classes (nutrition, line dancing, painting, poetry and more).   The Senior Helpline offers assistance and support to retirees.   Seniors may also take classes as non-degree students through the University of Vermont's Division of Continuing Education.  

Chittenden County Transportation Authority (CCTA) provides local bus transportation throughout town, to the airport and to surrounding communities.  People age 60 and better ride for $.60 one way.   Monthly passes are available.  There is also a free shuttle between downtown, the University and the waterfront.  Crime rates meet the national average so being out and about on public transportation is a relatively safe endeavor.

 

 

Fletcher Allen Hospital (403 beds), in alliance with the University of Vermont's College of Medicine, is the primary medical facility and is a teaching hospital.   It accepts both Medicare and Medicaid and operates three sites in Burlington, the largest being at the University of Vermont campus.   In 2010, FAH won the Coronary Intervention Excellence Award, and in 2009, it was recognized as a Top 100 cardiovascular hospital by Thomson Reuters, Inc.  

Northern Vermont has four distinct seasons.  Summers are short and cool with temperatures in the 70s and low 80s.   Winters are damp, cloudy and snowy (up to 20 inches in some months) with temperatures primarily in the teens and 20s.   The wind off of the lake can make it feel even colder.  Spring is known as "Mud Season," and autumn is, of course, the best season and may be worth the cold, gray winter days.

Burlington has some drawbacks.     For some people, the youth culture may be too much, as may be the left-leaning politics (Burlington even had a Socialist mayor during the 1980s).    Despite its high cost of living, or perhaps because of it, the poverty rate is above the national average.  Taxes are high, and the city is losing population, roughly 4% during the last decade.

For many retirees, however, Burlington, with its scenic location, abundant outdoor recreation and funky ambiance, is perfect, offering a mellow lifestyle in a small, easygoing New England city.   


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