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Vermont Economic Indicators

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Economic Activity
Innovation & Entrepreneurs
Workforce & Talent
VT Demographics
Quality of Place
Infrastructure & Investment
  • New Firm 5-Year Survival Rate (2018)
    Innovation & Entrepreneurship
    48%
    39th in the U.S.
    Business Dynamic Series Census (BDS)
  • Small Business Employment
    (Establishments with < 20 workers)
    Innovation & Entrepreneurship
    27% of Employment
    U.S. Census Statistics of U.S. Businesses (SUSB)
    17% is U.S. average
  • R&D "Intensity" Spending
    as a Share of GDP (2012)
    Innovation & Entrepreneurship
    1.23
    30th in U.S.
    National Science Foundation
  • High Tech Related Firms (2017)
    Innovation & Entrepreneurship
    3,012
    QCEW of BLS
    Increase from previous year
  • 2017 Commercial Grand List
    Economic Activity
    $12.35 Billion
    Down 7% from 2015
    Vermont Department of Taxes
  • Foreign Exports 2017
    Economic Activity
    $2.8 Billion
    Origin of Movement Series of Census
    down 7.3% from previous year
  • GDP per capita
    Economic Activity
    $44,831
    RANK: 50th in the U.S.
    Bureau of Economic Analysis 2015
  • Job Creation Rate in 2016
    Economic Activity
    10.7%
    U.S. Census Bureau, Business Dynamics Series
    Down 12.6% from previous year
  • Non-Farm Employment Gain 2016-2017
    Economic Activity
    900
    Vermont Department of Labor
    up 1% Burlington/
    up 1% non-BTV since 1998
  • Mid-sized Firms 2018
    (20-499 Employees)
    Economic Activity
    2,383
    U.S. Census Bureau, Business Dynamics Series
    Down by 0.5% from previous year
  • Median Household Income
    Vermonters & Visitors
    $57,808
    Rank: 21st in US
    United States Census Historical Income Tables
  • Vermonters with BA/BS or Advanced Degree
    Vermonters & Visitors
    37%
    United States Census
    vs. 31% Nationwide
  • of Vermont 11th graders math proficient +
    Vermonters & Visitors
    34.72%
    Vermont Agency of Education
    Down by 1% from previous year
  • Vermont Population Estimate
    Vermonters & Visitors
    623,657
    United States Census
  • Per Capita Personal Income 2017
    Workforce & Talent
    $52,225
    23rd in the U.S.
    Bureau of Economic Analysis
  • 25-44 Year Olds as Share of Total Population
    Workforce & Talent
    23.%
    U.S. Census & ACS
    Up from 22.8 in 2000
  • Middle Skills Jobs (Need Post HS Training, Not BA/BS)
    Workforce & Talent
    25%
    ONET & OES
    24% Nationally
  • Unemployment Rate 2017
    Workforce & Talent
    3.0%
    U.S. 4.4%
    Bureau of Labor Statistics
  • STEM Related Workforce
    Workforce & Talent
    4.4%
    4.9% U.S. Average
    National Science Foundation
  • Workforce Participation 2016
    Workforce & Talent
    66.9%
    Down from 71.5% in 2006, above national average of 62.8%
    Bureau of Labor Standards
  • Commercial / Residential Electricity Rates
    Infrastructure & Stewardship
    $0.15 / $0.18 kWh
    Energy Information Administration
    US Average of $0.07 & $0.13
  • Road Network Quality
    Infrastructure & Stewardship
    71% Fair/Good
    VTRANS
    Up from 64% 2014
  • Standard & Poor
    Infrastructure & Stewardship
    AA+ Bond Rating
    #1 in New England
    Vermont Treasury
  • Broadband Access
    Infrastructure & Stewardship
    81.4%
    VT Dept of Public Service
    83.5% US Average
  • Violent Crime Up (2015-2016)
    Quality of Place
    32.4%
    #1 Safest State in U.S.
    FBI
  • Housing Starts
    Quality of Place
    1,749
    United States Census
    Down by 40% since 2005
  • State/Local Tax Burden
    Quality of Place
    10.3%
    Rank: 11th Highest
    The Tax Foundation
  • Average Commute to Work
    Quality of Place
    22.3 Minutes
    U.S. Average 25.7 min.
    United States Census
  • Rental Vacancy Rate 2017
    Quality of Place
    4.1%
    Down from 4.2% in 2016
    United States Census
  • Acres of Farm & Forest
    in "Current Use" Program
    Quality of Place
    2,479,871
    VT Dept of Taxes
    Up 24% Since 2005