Wealth Index
Among the 5 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 | Rutland County | Vermont Avg | US Average |
|---|---|---|---|
| Median Household Income | $64,479 | $78,253 | $78,145 |
| Median Personal Income | $56,135 | $62,394 | $61,726 |
| Average income growth | 3.7% | 4.8% | 5.1% |
| Six-Figure Earners | 7.9% | 11.6% | 13.2% |
The median household income in Rutland County is about 18% lower than in Vermont. Income has been growing slower in Rutland County (3.7%/yr) than in Vermont (4.8%/yr).
About 8% of adults in Rutland 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 Rutland County, Vermont grew by 39.4% from 2009 to 2023, reaching $64,479 in 2023. That's an average of about 3.7% per year.
Economic Inequality in Rutland County | Gender Pay Gap | Gini Coefficient
| Metric | Rutland County | Vermont Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.501 | 0.519 | 0.570 |
| Male Median Income | $60,389 | $65,455 | $67,746 |
| Female Median Income | $51,173 | $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 Rutland County, it is 0.501, 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 18% more than women's income in Rutland County, Vermont. Over a 35-year career, a 18% wage gap accumulates to roughly $322,560 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Rutland County, Vermont has widened from about 12% to 15% in 2023. In dollar terms, the gap has widened by $4,230 since 2009.
Employment
| Metric | Rutland County | Vermont Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 3.6% | 5.2% |
| Working from Home | 9.4% | 15.0% | 13.4% |
| Commute time (minutes) | 18 | 20 | 22 |
Approximately 1,235 people are unemployed in Rutland County, Vermont.
The average commute time in Rutland County is 18 minutes, shorter than the 20 minutes in Vermont.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Rutland County, Vermont has fallen from 8.4% to 4.1% in 2023.
Conclusion
Considering all these factors, Rutland 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 Rutland County, Vermont.
How Rich Is Rutland County, Vermont?
Rutland 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 $64,479, about 18% lower than the Vermont average of $78,253.
What is the current median household income in Rutland County, Vermont?
As of 2023, the median household income in Rutland County, Vermont is $64,479.
What was the median household income in Rutland County in 2023?
In 2023, the median household income in Rutland County, Vermont was $64,479.
What was the median household income in Rutland County in 2020?
In 2020, the median household income in Rutland County, Vermont was $56,744.
What is the Gini coefficient in Rutland County, Vermont?
The Gini coefficient in Rutland County is 0.501. 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 Rutland County, Vermont?
Since 2009, the income gap between men and women in Rutland County, Vermont has widened from about 12% to 15% in 2023. In dollar terms, the gap has widened by $4,230 since 2009.