Vermont Income Statistics
Vermont Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a state's residents based on income levels, employment rates, and income inequality metrics.
-
B
Vermont Around averageWealthier than 71% of states in US
Source: Map AI Methodology
Wealthiest and Least Wealthy Counties in Vermont
- Grand Isle County (113% of U.S. avg)
- Chittenden County (109% of U.S. avg)
- Lamoille County (108% of U.S. avg)
- Essex County (90% of U.S. avg)
- Orleans County (94% of U.S. avg)
- Caledonia County (96% of U.S. avg)
Ranked by the Map AI Wealth Index, which combines income, employment, and income inequality metrics.
Income Statistics Overview
| Metric | Vermont | US Average |
|---|---|---|
| Median Household Income | $81,508 | $80,455 |
| Median Personal Income | $60,855 | $60,758 |
| Average Yearly Income Growth | 4.7% | 4.8% |
| Six-Figure Earners | 12.4% | 13.9% |
| $200k+ Households | 11.1% | 13.2% |
The median household income in Vermont is about 1% higher than in US. Income has been growing slower in Vermont (4.7%/yr) than in US (4.8%/yr).
About 12% of adults in Vermont earn six figures ($100,000 or more) a year, lower than the US average of 14%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Vermont grew by 58.4% from 2009 to 2024, reaching $81,508 in 2024. That's an average of about 4.7% per year.
Income Inequality and the Gender Pay Gap in Vermont
| Metric | Vermont | US Average |
|---|---|---|
| Gini Coefficient | 0.506 | 0.552 |
| Male Median Income | $68,197 | $69,667 |
| Female Median Income | $61,033 | $56,850 |
| Gender Pay Gap | 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 Vermont, it is 0.506, lower than 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 Vermont. Over a 35-year career, a 12% wage gap accumulates to roughly $250,740 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Vermont has narrowed from about 19% to 11% in 2024. Over that period the gap was narrowest at 10% in 2023. In dollar terms, the gap has narrowed by $1,227 since 2009.
Employment
| Metric | Vermont | US Average |
|---|---|---|
| Unemployment Rate | 3.5% | 5.2% |
| Working from Home | 16.9% | 15.0% |
| Commute time (minutes) | 20 | 22 |
Approximately 12,513 people are unemployed in Vermont.
The average commute time in Vermont is 20 minutes, shorter than the 22 minutes in US.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Vermont has fallen from 6.3% to 3.5% in 2024. Over that period the rate peaked at 6.8% in 2013.
Vermont Wealth Compared With Nearby States
Vermont is the smallest of the 6 states compared here, 646,793 residents against a local median of 3,347,044. Where Vermont breaks from the states next to it is unemployment, sitting 35% below the local median of 5.5% at 3.5%. That is the better end of the local range on this measure.
Median household income tells the same story from another angle: $81,508 against a local median of $97,098, 16% below it. The picture is mixed rather than uniform: unemployment runs ahead of the neighbourhood while median household income runs behind it, so Vermont is trading one against the other rather than simply out-performing what surrounds it. The states themselves spread 3.0% on unemployment, so Vermont sits at one end of an already wide local range rather than apart from it. Vermont has the 2nd lowest unemployment 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. |
|---|---|---|---|---|---|
| Vermont | 646,793 | $81,508 #6/6 | 4.7%/yr #3/6 | 3.5% #2/6 | 0.506 #1/6 |
| New Hampshire | 1,394,471 | $99,079 | 4.7%/yr | 3.3% | 0.508 |
| Massachusetts | 7,031,620 | $104,336 | 4.9%/yr | 5.1% | 0.531 |
| Connecticut | 3,347,044 | $97,098 | 3.7%/yr | 5.5% | 0.536 |
| Rhode Island | 1,100,398 | $88,093 | 5.2%/yr | 5.8% | 0.529 |
| New York | 19,748,855 | $86,556 | 4.5%/yr | 6.4% | 0.557 |
Conclusion
Considering all these factors, Vermont has an overall wealth index grade of B, making it somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Vermont.
How Rich Is Vermont?
Vermont 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 $81,508, about 1% higher than the US average of $80,455.
How has median household income changed in Vermont?
Between 2009 and 2024, the median household income in Vermont rose 58%, from $51,455 to $81,508. Over the same years, income here outpaced the U.S. as a whole: +58% against +57%.
What was the median household income in Vermont in 2023?
In 2023, the median household income in Vermont was $78,241, up 6% from $74,142 in 2022. The US median that year was $78,147.
What was the median household income in Vermont in 2020?
In 2020, the median household income in Vermont was $64,057. By 2024 it had risen 27% to $81,508.
Is it hard to find a job in Vermont?
Unemployment in Vermont is only 3.5%, well below the US rate of 5.2%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Vermont?
The Gini coefficient in Vermont is 0.506. 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 Vermont?
Since 2009, the income gap between men and women in Vermont has narrowed from about 19% to 11% in 2024. Over that period the gap was narrowest at 10% in 2023. In dollar terms, the gap has narrowed by $1,227 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →