Wealth Index
Wealthier than 71% of states in US
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.
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 (91% 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 | $78,253 | $78,145 |
| Median Personal Income | $62,394 | $61,726 |
| Average income growth | 4.8% | 5.1% |
| Six-Figure Earners | 11.6% | 13.2% |
The median household income in Vermont is about the same as in US. Income has been growing slower in Vermont (4.8%/yr) than in US (5.1%/yr).
About 12% of adults in Vermont earn six figures ($100,000 or more) a year, lower than the US average of 13%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Vermont grew by 52.1% from 2009 to 2023, reaching $78,253 in 2023. That's an average of about 4.8% per year.
Economic Inequality in Vermont | Gender Pay Gap | Gini Coefficient
| Metric | Vermont | US Average |
|---|---|---|
| Gini Coefficient | 0.519 | 0.570 |
| Male Median Income | $65,455 | $67,746 |
| Female Median Income | $58,889 | $54,793 |
| Gender Pay Gap | 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 Vermont, it is 0.519, lower than US's 0.570, so income is more evenly distributed here than there.
Men's income is about 11% more than women's income in Vermont. Over a 35-year career, a 11% wage gap accumulates to roughly $229,810 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 10% in 2023. In dollar terms, the gap has narrowed by $1,824 since 2009.
Employment
| Metric | Vermont | US Average |
|---|---|---|
| Unemployment Rate | 3.6% | 5.2% |
| Working from Home | 15.0% | 13.4% |
| Commute time (minutes) | 20 | 22 |
Approximately 12,813 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 3.6% in 2023.
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 $78,253, close to the US average of $78,145.
What is the current median household income in Vermont?
As of 2023, the median household income in Vermont is $78,253.
What was the median household income in Vermont in 2023?
In 2023, the median household income in Vermont was $78,253.
What was the median household income in Vermont in 2020?
In 2020, the median household income in Vermont was $64,062.
What is the Gini coefficient in Vermont?
The Gini coefficient in Vermont is 0.519. 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 Vermont?
Since 2009, the income gap between men and women in Vermont has narrowed from about 19% to 10% in 2023. In dollar terms, the gap has narrowed by $1,824 since 2009.