Wealth Index
Wealthiest county 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 | Grand Isle County | Vermont Avg | US Average |
|---|---|---|---|
| Median Household Income | $91,512 | $78,253 | $78,145 |
| Median Personal Income | $69,475 | $62,394 | $61,726 |
| Average income growth | 5.2% | 4.8% | 5.1% |
| Six-Figure Earners | 16.6% | 11.6% | 13.2% |
The median household income in Grand Isle County is about 17% higher than in Vermont. Income has been growing faster in Grand Isle County (5.2%/yr) than in Vermont (4.8%/yr).
About 17% of adults in Grand Isle County earn six figures ($100,000 or more) a year, higher than the Vermont average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Grand Isle County, Vermont grew by 63.0% from 2009 to 2023, reaching $91,512 in 2023. That's an average of about 5.2% per year.
Economic Inequality in Grand Isle County | Gender Pay Gap | Gini Coefficient
| Metric | Grand Isle County | Vermont Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.520 | 0.519 | 0.570 |
| Male Median Income | $70,758 | $65,455 | $67,746 |
| Female Median Income | $68,282 | $58,889 | $54,793 |
| Gender Pay Gap | 3.5% | 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 Grand Isle County, it is 0.520, 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 4% more than women's income in Grand Isle County, Vermont. Over a 35-year career, a 4% wage gap accumulates to roughly $86,660 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Grand Isle County, Vermont has narrowed from about 29% to 3% in 2023. In dollar terms, the gap has narrowed by $11,627 since 2009.
Employment
| Metric | Grand Isle County | Vermont Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.4% | 3.6% | 5.2% |
| Working from Home | 16.2% | 15.0% | 13.4% |
| Commute time (minutes) | 33 | 20 | 22 |
Approximately 136 people are unemployed in Grand Isle County, Vermont.
The average commute time in Grand Isle County is 33 minutes, longer than the 20 minutes in Vermont.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Grand Isle County, Vermont has fallen from 6.8% to 3.4% in 2023.
Conclusion
Considering all these factors, Grand Isle 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 Grand Isle County, Vermont.
How Rich Is Grand Isle County, Vermont?
Grand Isle 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 $91,512, about 17% higher than the Vermont average of $78,253.
What is the current median household income in Grand Isle County, Vermont?
As of 2023, the median household income in Grand Isle County, Vermont is $91,512.
What was the median household income in Grand Isle County in 2023?
In 2023, the median household income in Grand Isle County, Vermont was $91,512.
What was the median household income in Grand Isle County in 2020?
In 2020, the median household income in Grand Isle County, Vermont was $80,235.
What is the Gini coefficient in Grand Isle County, Vermont?
The Gini coefficient in Grand Isle County is 0.520. 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 Grand Isle County, Vermont?
Since 2009, the income gap between men and women in Grand Isle County, Vermont has narrowed from about 29% to 3% in 2023. In dollar terms, the gap has narrowed by $11,627 since 2009.