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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 (2014)
    Innovation & Entrepreneurship
    54%
    12th in the U.S.
    Business Dynamic Series Census (BDS)
  • Small Business Employment
    (Establishments with < 20 workers)
    Innovation & Entrepreneurship
    23% 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
    2.09
    27th in U.S.
    National Science Foundation
  • High Tech Related Firms (2015)
    Innovation & Entrepreneurship
    2,503
    QCEW of BLS
    Level with 2012
  • 2015 Commercial Grand List
    Economic Activity
    $13.28 Billion
    Up 2.3% 2014-2015
    Vermont Department of Taxes
  • Foreign Exports 2015
    Economic Activity
    $2.99 Billion
    Origin of Movement Series of Census
    down 6% from previous year
  • GDP per capita
    Economic Activity
    $49,780
    RANK: 35th including DC
    Bureau of Economic Analysis 2015
  • Job Creation Rate in 2015
    Economic Activity
    11.4%
    U.S. Census Bureau, Business Dynamics Series
    Up to 11.4, increase from previous years but down from 2012
  • Non-Farm Employment Gain 2015-2016
    Economic Activity
    1,000
    Vermont Department of Labor
    up 0.4% Burlington /
    0.3% non Burlington VT
  • Mid-sized Firms 2014
    (20-499 Employees)
    Economic Activity
    1,924
    U.S. Census Bureau, Business Dynamics Series
    down 15% since last year
  • Median Household Income
    Vermonters & Visitors
    $60,837
    Rank: 19th in US
    United States Census Historical Income Tables
  • Vermonters with BA/BS or Advanced Degree
    Vermonters & Visitors
    35.2%
    United States Census
    vs. 29.3% Nationwide
  • of Vermont 11th graders math proficient + (2017)
    Vermonters & Visitors
    36.54%
    Vermont Agency of Education
    Down from 37.1% in 2015
  • Vermont Population
    2016 Estimate
    Vermonters & Visitors
    624,594
    Rank: 49th 10 yr growth
    (annual -0.1%)
    United States Census
  • Per Capita Personal Income 2016
    Workforce & Talent
    $49,984
    20th in the U.S.
    Bureau of Economic Analysis
  • 25-44 Year Olds as Share of Total Population
    Workforce & Talent
    23.6%
    U.S. Census & ACS
    Down from 28.9% in 2000
  • Middle Skills Jobs (Need Post HS Training, Not BA/BS)
    Workforce & Talent
    24%
    ONET & OES
    23% Nationally
  • Unemployment Rate October 2016
    Workforce & Talent
    3.3%
    Same (3.3%) as in 2015
    Bureau of Labor Statistics
  • STEM Related Workforce (2012-2014)
    Workforce & Talent
    4.4%
    4.7% 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 $0.11 & $0.13
  • Road Network Quality 2015
    Infrastructure & Stewardship
    64% Fair/Good
    VTRANS
    68% in 2014
  • Standard & Poor
    Infrastructure & Stewardship
    AA+ Bond Rating
    #1 in New England
    Vermont Treasury
  • Broadband Access
    Infrastructure & Stewardship
    81%
    VT Dept of Public Service
    95% US Average
  • Violent Crime Up (2015-2016)
    Quality of Place
    33.8%
    #1 Safest State;
    highest violent crime growth of any state
    FBI
  • Housing Starts 2015
    Quality of Place
    1,998
    United States Census
    Up 29% from 2014
  • State/Local Tax Burden (2012)
    Quality of Place
    10.3%
    Rank: 13th Highest
    The Tax Foundation
  • Average Commute to Work
    Quality of Place
    22.5 Minutes
    Up from 21.2 in 2005
    United States Census
  • Rental Vacancy Rate
    Quality of Place
    4.9%
    Up from 4.1% in 2013
    United States Census
  • Acres of Farm & Forest
    in "Current Use" Program
    Quality of Place
    2,456,677
    VT Dept of Taxes
    Up 23% Since 2005