Franklin County, Vermont Income Statistics
Franklin County Wealth Score
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.
-
B
Franklin County Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Franklin County | Vermont Avg | US Average |
|---|---|---|---|
| Median Household Income | $81,445 | $81,508 | $80,455 |
| Median Personal Income | $59,922 | $60,855 | $60,758 |
| Average Yearly Income Growth | 4.2% | 4.7% | 4.8% |
| Six-Figure Earners | 9.5% | 12.4% | 13.9% |
| $200k+ Households | 8.0% | 11.1% | 13.2% |
The median household income in Franklin County is about the same as in Vermont. Income has been growing slower in Franklin County (4.2%/yr) than in Vermont (4.7%/yr).
About 9% of adults in Franklin County earn six figures ($100,000 or more) a year, lower than the Vermont average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Franklin County, Vermont grew by 54.9% from 2009 to 2024, reaching $81,445 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in Franklin County
| Metric | Franklin County | Vermont Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.488 | 0.506 | 0.552 |
| Male Median Income | $66,352 | $68,197 | $69,667 |
| Female Median Income | $59,437 | $61,033 | $56,850 |
| Gender Pay Gap | 10.4% | 10.5% | 18.4% |
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 Franklin County, it is 0.488, lower than Vermont's 0.506, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 12% more than women's income in Franklin County, Vermont. Over a 35-year career, a 12% wage gap accumulates to roughly $242,025 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Franklin County, Vermont has narrowed from about 14% to 10% in 2024. Over that period the gap was widest at 18% in 2016, and was narrowest at 6% in 2023. In dollar terms, the gap has widened by $945 since 2009.
Employment
| Metric | Franklin County | Vermont Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.1% | 3.5% | 5.2% |
| Working from Home | 14.3% | 16.9% | 15.0% |
| Commute time (minutes) | 26 | 20 | 22 |
Approximately 837 people are unemployed in Franklin County, Vermont.
The average commute time in Franklin County is 26 minutes, longer than the 20 minutes in Vermont.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Franklin County, Vermont has fallen from 6.7% to 3.1% in 2024. Over that period the rate fell as low as 2.8% in 2023.
Franklin County, VT Wealth Compared With Nearby Counties
Franklin County, VT is the 3rd largest of the 6 counties compared here, 50,633 residents against a local median of 27,611. Franklin County, VT sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is income growth, 11% below the local median at 4.2%/yr against 4.8%/yr. Franklin County, VT has the 6th highest income growth of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Franklin County, VT | 50,633 | $81,445 #4/6 | 4.2%/yr #6/6 | 3.1% #3/6 | 0.488 #4/6 |
| Lamoille County, VT | 26,137 | $74,946 | 4.4%/yr | 3.3% | 0.471 |
| Grand Isle County, VT | 7,454 | $97,874 | 5.4%/yr | 3.1% | 0.483 |
| Chittenden County, VT | 169,680 | $96,978 | 4.8%/yr | 3.2% | 0.513 |
| Washington County, VT | 60,005 | $84,383 | 4.8%/yr | 2.7% | 0.481 |
| Orleans County, VT | 27,611 | $70,432 | 6.1%/yr | 5.3% | 0.503 |
Conclusion
Considering all these factors, Franklin 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 Franklin County, Vermont.
How Rich Is Franklin County, Vermont?
Franklin 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 $81,445, close to the Vermont average of $81,508.
How fast is household income rising in Franklin County, Vermont?
Between 2009 and 2024, the median household income in Franklin County, Vermont rose 55%, from $52,565 to $81,445. Over the same years, income here lagged behind Vermont as a whole: +55% against +58%.
What was the median household income in Franklin County in 2023?
In 2023, the median household income in Franklin County, Vermont was $78,707, up 6% from $74,087 in 2022. The Vermont median that year was $78,241.
What was the median household income in Franklin County in 2020?
In 2020, the median household income in Franklin County, Vermont was $65,645. By 2024 it had risen 24% to $81,445.
What is the Gini coefficient in Franklin County, Vermont?
The Gini coefficient in Franklin County is 0.488. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Franklin County, Vermont?
Since 2009, the income gap between men and women in Franklin County, Vermont has narrowed from about 14% to 10% in 2024. Over that period the gap was widest at 18% in 2016, and was narrowest at 6% in 2023. In dollar terms, the gap has widened by $945 since 2009.
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