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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
    Business Dynamic Series Census (BDS)
    54%
    12th in the U.S.
  • Innovation & Entrepreneurship
    Small Business Employment
    (Establishments with < 20 workers)
    17% is U.S. average
    U.S. Census Statistics of U.S. Businesses (SUSB)
    23% of Employment
  • R&D "Intensity" Spending
    as a Share of GDP (2012)
    Innovation & Entrepreneurship
    National Science Foundation
    2.09
    27th in U.S.
  • Innovation & Entrepreneurship
    High Tech Related Firms (2015)
    Level with 2012
    QCEW of BLS
    2,503
  • 2015 Commercial Grand List
    Economic Activity
    Vermont Department of Taxes
    $13.28 Billion
    Up 2.3% 2014-2015
  • Foreign Exports 2015
    Economic Activity
    down 6% from previous year
    $2.99 Billion
    Origin of Movement Series of Census
  • GDP per capita
    Economic Activity
    Bureau of Economic Analysis 2015
    $49,780
    RANK: 35th including DC
  • Job Creation Rate in 2015
    Economic Activity
    Up to 11.4, increase from previous years but down from 2012
    11.4%
    U.S. Census Bureau, Business Dynamics Series
  • Economic Activity
    Non-Farm Employment Gain 2015-2016
    up 0.4% Burlington /
    0.3% non Burlington VT
    Vermont Department of Labor
    1,000
  • Mid-sized Firms 2014
    (20-499 Employees)
    Economic Activity
    down 15% since last year
    1,924
    U.S. Census Bureau, Business Dynamics Series
  • Median Household Income
    Vermonters & Visitors
    United States Census Historical Income Tables
    $60,837
    Rank: 19th in US
  • Vermonters with BA/BS or Advanced Degree
    Vermonters & Visitors
    vs. 29.3% Nationwide
    35.2%
    United States Census
  • Vermonters & Visitors
    of Vermont 11th graders math proficient + (2017)
    Down from 37.1% in 2015
    Vermont Agency of Education
    36.54%
  • Vermont Population
    2016 Estimate
    Vermonters & Visitors
    United States Census
    624,594
    Rank: 49th 10 yr growth
    (annual -0.1%)
  • Per Capita Personal Income 2016
    Workforce & Talent
    Bureau of Economic Analysis
    $49,984
    20th in the U.S.
  • Workforce & Talent
    25-44 Year Olds as Share of Total Population
    Down from 28.9% in 2000
    U.S. Census & ACS
    23.6%
  • Workforce & Talent
    Middle Skills Jobs (Need Post HS Training, Not BA/BS)
    23% Nationally
    ONET & OES
    24%
  • Unemployment Rate October 2016
    Workforce & Talent
    Bureau of Labor Statistics
    3.3%
    Same (3.3%) as in 2015
  • STEM Related Workforce (2012-2014)
    Workforce & Talent
    National Science Foundation
    4.4%
    4.7% U.S. Average
  • Workforce Participation 2016
    Workforce & Talent
    Bureau of Labor Standards
    66.9%
    Down from 71.5% in 2006, above national average of 62.8%
  • Commercial / Residential Electricity Rates
    Infrastructure & Stewardship
    US Average of $0.11 & $0.13
    $0.15 / $0.18 kWh
    Energy Information Administration
  • Infrastructure & Stewardship
    Road Network Quality 2015
    68% in 2014
    VTRANS
    64% Fair/Good
  • Standard & Poor
    Infrastructure & Stewardship
    Vermont Treasury
    AA+ Bond Rating
    #1 in New England
  • Broadband Access
    Infrastructure & Stewardship
    95% US Average
    81%
    VT Dept of Public Service
  • Violent Crime Up (2015-2016)
    Quality of Place
    FBI
    33.8%
    #1 Safest State;
    highest violent crime growth of any state
  • Quality of Place
    Housing Starts 2015
    Up 29% from 2014
    United States Census
    1,998
  • State/Local Tax Burden (2012)
    Quality of Place
    The Tax Foundation
    10.3%
    Rank: 13th Highest
  • Average Commute to Work
    Quality of Place
    United States Census
    22.5 Minutes
    Up from 21.2 in 2005
  • Rental Vacancy Rate
    Quality of Place
    United States Census
    4.9%
    Up from 4.1% in 2013
  • Quality of Place
    Acres of Farm & Forest
    in "Current Use" Program
    Up 23% Since 2005
    VT Dept of Taxes
    2,456,677