Disability Insurance

Everyone deserves the opportunity to protect their quality of life and their future, and with disability insurance you can. You can think of disability insurance as your financial safety net, giving you an earnings replacement if you’re not able to earn a paycheck due to illness or injury. We’ve laid out the cost-of-living analysis in Vermont to show you the average expenses in the state and why disability insurance can give you peace of mind during unpredictable times.

How much does it cost to live in Vermont?

Vermont is considered the 18th most expensive state to live in with an average living cost for one person at $1,866 per month, whereas a family of four could expect their expenses to reach $4,463 per month. According to the Bureau of Economic Analysis (BEA) the average cost of living in Vermont for a typical individual is around $47,397 per year. Goods and services in the state cost 3.0% more than they do on average nationwide.

Cost of Living Parameters

Housing & Rent

The value of a typical home in the state of Vermont is slightly lower than the national median value. The Median home in the state costs around $314,562; whereas the national median home value reaches $408,800.

Throughout Vermont, the median monthly rent for a studio apartment is $794. If you’re looking at a two-bedroom apartment, your monthly rent will be around $1,127.

And some stats on Vermont Mortgages:

  • Homeownership rate: 73.7%
  • Homeowner vacancy rate: 0.6%
  • Rental vacancy rate: 3.5%


Vermont is the 16th most expensive state in the country for childcare. This is due in part to the fact that only 5.9% of Vermont families can afford childcare. Furthermore, to cover the expense of childcare, minimum wage employees in Vermont would have to pay nearly half of their total income (46.4%).

Here’s a look at the annual childcare costs from infant to college:

  • Infant: $12,812
  • 4-Year-Old: $11,717
  • School: $22,925
  • College: $16,103


Vermont's lengthy winters and muddy spring seasons contribute to the state's higher-than-average utility expenses when compared to the rest of the country. Utility prices account for a significant portion of the cost of living in Vermont. A typical adult in Vermont can expect to pay on average up to $380.22 per month on utilities.

Food & Groceries

According to the BEA, the average resident in Vermont will spend $368 per month on food and groceries, or $4,420 per year, while a family of four with 2 working adults and 2 children spend on average $10,806 yearly. These values are noticeably higher than the national average spent on food in the country; $3,240 for a single adult and $9,354 for a family of four.

Vermonters pay the most for food and groceries of the six New England states. Vermont, in fact, has some of the highest food and beverage costs in the country, followed by Hawaii and the District of Columbia.

The average price for eating out would be:

  • A basic meal with a drink at an inexpensive restaurant: $13.4
  • Fast food combo (Big Mac etc.): $8.37
  • Bottle of Coca-Cola: $2.07
  • Bottle of water: $1.67

Grocery shopping in the state would cost as follows:

  • Milk (regular), (1 liter): $0.95
  • Loaf of Fresh White Bread (500g): $2.97
  • Rice (1 Kg): $4.66
  • Eggs (regular) (12): $2.98
  • 4 Rolls of toilet paper: $3.28
  • Hair Shampoo: $5.15


Transportation in Vermont is reasonably priced. In fact, according to US News, Vermont has the 8th cheapest auto insurance in the country. Keeping in mind insurance, maintenance, and fuel, owning a car in Vermont is less expensive than other states. Maintaining the car for a year in Vermont will cost you around $4,642.13, which amounts to $387 per month.

Public transportation is also available in Vermont for those who do not own a car. A single local transport ticket via bus will cost you $1.77, whereas a monthly bus pass should cost you around $52. A 5-mile taxi ride should cost around $19.

Average Income & Taxes

The average yearly income of a single adult living in Vermont is $65,564 and a 6% to 8.5% corporate income tax rate.

Most Expensive Vermont Cities to Live in

  • Burlington
  • Winooski
  • South Burlington
  • Woodstock
  • Essex Junction

Why is disability insurance important to have in Vermont?

As shown by the above cost of living study, a steady income is required to live comfortably and worry-free. Whether you work full-time or as a freelancer, getting disability insurance is the first step towards financial stability.

What would happen if you found yourself unable to earn a paycheck because you were too ill or injured to work? According to a recent survey conducted by the personal financial website Bankrate, more than half of Americans (51%) have less than three months' worth of emergency funds.

Medical bills are reported to be the number one cause of U.S. bankruptcies. One study has claimed that 62.1% of bankruptcies were caused by medical issues. Other studies show that over 2 million people are adversely affected by their medical expenses.

If medical bills start piling up, you’ll no longer be able to support your lifestyle in other areas as well, especially if your income is on hold. You might find yourself unable to pay for utilities and rent, and that eventually could lead to foreclosure. Half of foreclosures on conventional mortgages in Vermont are caused by the disability of one of the homeowners. In fact, of Vermont's 334,318 housing units, seven homes went into foreclosure at a rate of one in every 47,760 households.

A lot of people still think that the need for disability insurance is not top priority, thinking that disability rarely happens, and when it does, it’s only caused by serious accidents. But did you know that up to 90% of disability cases recorded are due to illness, not injury?

With that being said, getting a private disability income insurance should be on top of your to-do list because life is unpredictable and your income shouldn’t be.

Does Vermont have state disability insurance?

Only 5 states in the U.S. require companies to provide their employees with disability insurance coverage that includes benefits for accidents or illnesses sustained outside of the workplace. Unfortunately, Vermont isn’t one of those states.

Vermont citizens seeking disability benefits have two options: Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI). These programs provide individuals with financial assistance in the form of monthly compensation.

First, your disability must be deemed severe enough to prevent you from working for at least 12 months or result in death. To that end, the SSA has produced a detailed list of disabilities that would qualify for benefits. Though an exemption may be granted if your condition is not on the list, it is considerably more probable that you will qualify if it is.

The second criteria are that you have worked long enough to have contributed properly to the Social Security system. Most people will need 10 years of full-time work, although exceptions are available for those with special needs who have never been able to work due to their disability.

Waterbury DDS claims examiners approve 44% of disability claims at the first application level and another 21% at the reconsideration level, so you have a greater chance of getting accepted for disability in Vermont than in many other states. However, the conditions you need to meet, and the wait time can be far longer than expected, which is detrimental during emergencies.

What qualifies as disability in Vermont?

If you have disability insurance provided by your employer, make sure to double-check the criteria in the agreement that qualify you to receive disability benefits when you’re unable to work. Some of these criteria can include the following:

  • You are unable to perform the Substantial and Material Duties of your Regular Occupation as shown on the Schedule and;
  • You are under the Regular Care of a Physician appropriate for your disabling Sickness or Injury and;
  • There is no reasonable simplified worksite modification(s) that would allow you to perform one or more of the Substantial and Material Duties of your regular job.

How can I easily get disability insurance in Vermont?

Seeking a private disability insurance policy is the best option in Vermont. Here at Asteya, we offer disability insurance (or disability income insurance as we like to call it) that’s simple, fast, and affordable. Our 100% digital process means we don’t tire you out with proof of income, medical exams, phone interviews, or wait times.

Who qualifies for disability insurance in Vermont?

Most insurances are bought to protect homes, vehicles, and health, but our most valuable asset tends to get neglected: our income. 70% of working Americans live paycheck to paycheck, with little savings to buffer the financial burden of a disability that leaves them unable to work.

At Asteya, we offer 2 types of disability income insurance: Permanent Disability Income Insurance and Sickness & Injury Disability Income Insurance. Please visit for more details on the eligibility of our product offering.

How much does disability insurance in Vermont cost?

Protecting your income shouldn’t be a luxury, so here at Asteya, we’ve created affordable and easy solutions that won’t drain what you’re trying to protect (your income!). Our prices start as low as:

  • Permanent Disability Income Insurance: starting at $6.05/month
  • Sickness & Injury Disability Income Insurance: starting at $5/month

The bottom line

On average, living in the state of Vermont will cost you $3,950 per month, give or take – that’s a lot of expenses! You've invested a lot of time and hard work in building a life that works for you, and your hard work shouldn’t be jeopardized by an accident or illness - that’s why you should protect your lifestyle and your income with DI.

If you're still on the fence about whether disability income insurance is for you (hint: it is), here are a few extra points to consider while thinking about it:

  • Asteya’s applications are 100% digital . We don't require blood tests or doctor's appointments, unlike other insurers and we'll just ask you a few minutes of questions to determine your best policy.
  • Get paid out directly on an approved claim, and spend without restrictions once it's in your bank account.
  • We've made our Income Insurance as inclusive and accessible as possible. From corner store employee to corner office executive, our products were created to fit every budget and lifestyle.

How do I get disability insurance?

Get a quote from Asteya in seconds and go from applicant to insured in minutes