Wealth Index
Among the top 5 wealthiest counties in Vermont
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Addison County | Vermont Avg | US Average |
|---|---|---|---|
| Median Household Income | $86,753 | $78,253 | $78,145 |
| Median Personal Income | $63,692 | $62,394 | $61,726 |
| Average income growth | 5.2% | 4.8% | 5.1% |
| Six-Figure Earners | 11.8% | 11.6% | 13.2% |
The median household income in Addison County is about 11% higher than in Vermont. Income has been growing faster in Addison County (5.2%/yr) than in Vermont (4.8%/yr).
About 12% of adults in Addison County earn six figures ($100,000 or more) a year, about the same as the Vermont average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Addison County, Vermont grew by 55.8% from 2009 to 2023, reaching $86,753 in 2023. That's an average of about 5.2% per year.
Economic Inequality in Addison County | Gender Pay Gap | Gini Coefficient
| Metric | Addison County | Vermont Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.517 | 0.519 | 0.570 |
| Male Median Income | $68,212 | $65,455 | $67,746 |
| Female Median Income | $57,743 | $58,889 | $54,793 |
| Gender Pay Gap | 15.3% | 10.0% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Addison County, it is 0.517, about the same as Vermont's 0.519, so income here is about as evenly distributed as there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 18% more than women's income in Addison County, Vermont. Over a 35-year career, a 18% wage gap accumulates to roughly $366,415 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Addison County, Vermont has narrowed from about 22% to 15% in 2023. In dollar terms, the gap has widened by $471 since 2009.
Employment
| Metric | Addison County | Vermont Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 3.6% | 5.2% |
| Working from Home | 15.6% | 15.0% | 13.4% |
| Commute time (minutes) | 20 | 20 | 22 |
Approximately 781 people are unemployed in Addison County, Vermont.
The average commute time in Addison County is 20 minutes, about the same as in Vermont.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Addison County, Vermont has fallen from 6.2% to 3.8% in 2023.
Conclusion
Considering all these factors, Addison County, Vermont has an overall wealth index grade of B, making it somewhat better than Vermont, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Addison County, Vermont.
How Wealthy Is Addison County, Vermont?
Addison County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $86,753, about 11% higher than the Vermont average of $78,253.
What is the current median household income in Addison County, Vermont?
As of 2023, the median household income in Addison County, Vermont is $86,753.
What was the median household income in Addison County in 2023?
In 2023, the median household income in Addison County, Vermont was $86,753.
What was the median household income in Addison County in 2020?
In 2020, the median household income in Addison County, Vermont was $71,118.
What is the Gini coefficient in Addison County, Vermont?
The Gini coefficient in Addison County is 0.517. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Addison County, Vermont?
Since 2009, the income gap between men and women in Addison County, Vermont has narrowed from about 22% to 15% in 2023. In dollar terms, the gap has widened by $471 since 2009.