Wealth Index
Among the 3 least wealthy 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 | Caledonia County | Vermont Avg | US Average |
|---|---|---|---|
| Median Household Income | $66,933 | $78,253 | $78,145 |
| Median Personal Income | $55,943 | $62,394 | $61,726 |
| Average income growth | 5.2% | 4.8% | 5.1% |
| Six-Figure Earners | 8.4% | 11.6% | 13.2% |
The median household income in Caledonia County is about 14% lower than in Vermont. Income has been growing faster in Caledonia County (5.2%/yr) than in Vermont (4.8%/yr).
About 8% of adults in Caledonia County earn six figures ($100,000 or more) a year, lower than the Vermont average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Caledonia County, Vermont grew by 59.4% from 2009 to 2023, reaching $66,933 in 2023. That's an average of about 5.2% per year.
Economic Inequality in Caledonia County | Gender Pay Gap | Gini Coefficient
| Metric | Caledonia County | Vermont Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.505 | 0.519 | 0.570 |
| Male Median Income | $59,200 | $65,455 | $67,746 |
| Female Median Income | $52,885 | $58,889 | $54,793 |
| Gender Pay Gap | 10.7% | 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 Caledonia County, it is 0.505, lower than Vermont's 0.519, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 12% more than women's income in Caledonia County, Vermont. Over a 35-year career, a 12% wage gap accumulates to roughly $221,025 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Caledonia County, Vermont has narrowed from about 20% to 11% in 2023. In dollar terms, the gap has narrowed by $1,683 since 2009.
Employment
| Metric | Caledonia County | Vermont Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.6% | 3.6% | 5.2% |
| Working from Home | 13.4% | 15.0% | 13.4% |
| Commute time (minutes) | 20 | 20 | 22 |
Approximately 415 people are unemployed in Caledonia County, Vermont.
The average commute time in Caledonia County is 20 minutes, about the same as in Vermont.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Caledonia County, Vermont has fallen from 6.6% to 2.6% in 2023.
Conclusion
Considering all these factors, Caledonia County, Vermont has an overall wealth index grade of C, making it about on par with Vermont, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Caledonia County, Vermont.
How Rich Is Caledonia County, Vermont?
Caledonia County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $66,933, about 14% lower than the Vermont average of $78,253.
What is the current median household income in Caledonia County, Vermont?
As of 2023, the median household income in Caledonia County, Vermont is $66,933.
What was the median household income in Caledonia County in 2023?
In 2023, the median household income in Caledonia County, Vermont was $66,933.
What was the median household income in Caledonia County in 2020?
In 2020, the median household income in Caledonia County, Vermont was $52,655.
What is the Gini coefficient in Caledonia County, Vermont?
The Gini coefficient in Caledonia County is 0.505. 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 Caledonia County, Vermont?
Since 2009, the income gap between men and women in Caledonia County, Vermont has narrowed from about 20% to 11% in 2023. In dollar terms, the gap has narrowed by $1,683 since 2009.