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 | Washington County | Vermont Avg | US Average |
|---|---|---|---|
| Median Household Income | $80,341 | $78,253 | $78,145 |
| Median Personal Income | $63,619 | $62,394 | $61,726 |
| Average income growth | 4.7% | 4.8% | 5.1% |
| Six-Figure Earners | 11.1% | 11.6% | 13.2% |
The median household income in Washington County is about 3% higher than in Vermont. Income has been growing slower in Washington County (4.7%/yr) than in Vermont (4.8%/yr).
About 11% of adults in Washington 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 Washington County, Vermont grew by 49.0% from 2009 to 2023, reaching $80,341 in 2023. That's an average of about 4.7% per year.
Economic Inequality in Washington County | Gender Pay Gap | Gini Coefficient
| Metric | Washington County | Vermont Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.504 | 0.519 | 0.570 |
| Male Median Income | $63,830 | $65,455 | $67,746 |
| Female Median Income | $63,359 | $58,889 | $54,793 |
| Gender Pay Gap | 0.7% | 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 Washington County, it is 0.504, 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 1% more than women's income in Washington County, Vermont.
Income by Sex Over Time
Since 2009, the income gap between men and women in Washington County, Vermont has narrowed from about 16% to 1% in 2023. In dollar terms, the gap has narrowed by $6,771 since 2009.
Employment
| Metric | Washington County | Vermont Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.0% | 3.6% | 5.2% |
| Working from Home | 17.8% | 15.0% | 13.4% |
| Commute time (minutes) | 20 | 20 | 22 |
Approximately 964 people are unemployed in Washington County, Vermont.
The average commute time in Washington County is 20 minutes, about the same as in Vermont.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Washington County, Vermont has fallen from 5.2% to 3.0% in 2023.
Conclusion
Considering all these factors, Washington 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 Washington County, Vermont.
How Rich Is Washington County, Vermont?
Washington 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 $80,341, about 3% higher than the Vermont average of $78,253.
What is the current median household income in Washington County, Vermont?
As of 2023, the median household income in Washington County, Vermont is $80,341.
What was the median household income in Washington County in 2023?
In 2023, the median household income in Washington County, Vermont was $80,341.
What was the median household income in Washington County in 2020?
In 2020, the median household income in Washington County, Vermont was $65,313.
What is the Gini coefficient in Washington County, Vermont?
The Gini coefficient in Washington County is 0.504. 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 Washington County, Vermont?
Since 2009, the income gap between men and women in Washington County, Vermont has narrowed from about 16% to 1% in 2023. In dollar terms, the gap has narrowed by $6,771 since 2009.