Economy, jobs and prices in Vermont, United States: official figures
The economy of Vermont (gross domestic product) was worth $49.7 billion in 2025 at current prices, 0.2% of the US total of $30.86 trillion; the smallest of 51. In current dollars it was up 4.9% on 2024.
How fast is the economy of Vermont growing?
After adjusting for inflation, real GDP in Vermont grew 1.9% in 2025, against 2.3% for the United States; 26th fastest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the GDP per capita of Vermont?
Dividing 2025 GDP by the Census Bureau's population estimate gives $77,029 of output per resident, against $90,294 for the US economy divided by the population of the 50 states and DC; 16th lowest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs the economy of Vermont growing or shrinking?
In the second quarter of 2026, real GDP in Vermont grew at an annual rate of 2.7% (United States: 2.2%); tied for 10th fastest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat are the main industries in Vermont?
In 2025 the largest private industry in Vermont's economy was real estate, rental and leasing (14.6% of GDP), followed by health care and social assistance (10.6%) and retail trade (7.9%). Government accounted for 12.3% and manufacturing for 7.8%; the manufacturing share was 18th lowest of 51 (United States: 9.5%).
Source: U.S. Bureau of Economic Analysis · saved copyHow much do people in Vermont spend?
Consumer spending (personal consumption expenditures) in Vermont came to $65,694 per person in 2025 (United States: $61,062); 11th highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs Vermont expensive to live in?
Prices in Vermont were 2.0% below the national average in 2024, by BEA's regional price parity of 98.0 (US = 100), which covers goods, services and housing; 23rd most expensive of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the inflation rate in Vermont?
Prices in Vermont rose 3.5% in 2024, measured by BEA's implicit regional price deflator, against 2.6% nationally (PCE price index).
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the per capita income in Vermont?
Personal income per person in Vermont was $75,723 in 2025, against $77,028 for the United States; 21st highest of 51. It was up 4.7% on 2024 and up 30.2% on 2020, before inflation.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the disposable income per person in Vermont?
After taxes, disposable personal income per person was $66,604 in 2025 (United States: $67,251); 21st highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyHow far does income go in Vermont?
Adjusted for local price levels, real personal income per person in Vermont was $58,893 in 2024 in 2017 dollars (United States: $59,195); 22nd highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the median household income in Vermont?
Median household income in Vermont was $82,730 in 2024 (margin of error ±$1,846), against $81,604 for the United States; 20th highest of 51 by the point estimate. It was not statistically different from 2023 after adjusting for inflation (American Community Survey).
Source: U.S. Census Bureau · saved copyHow unequal are incomes in Vermont?
The Gini index of household income inequality in Vermont was 0.455 in 2024 (0 means equal incomes, 1 means one household has everything; United States: 0.481); 13th least unequal of 51.
Source: U.S. Census Bureau · saved copyWhat is the unemployment rate in Vermont?
The unemployment rate in Vermont was 2.6% in September 2026 (seasonally adjusted, preliminary), unchanged from 2.6% a year earlier; tied for 3rd lowest of 51. The rate for the 50 states and DC combined was 4.2%.
Source: U.S. Bureau of Labor Statistics · saved copyHow many people are unemployed in Vermont?
In September 2026, 8,749 people in Vermont were unemployed and 329,128 employed, out of a labor force of 337,877.
Source: U.S. Bureau of Labor Statistics · saved copyWhat was the unemployment rate in Vermont in 2025?
Over 2025 the unemployment rate in Vermont averaged 2.7% (an 11-month average: October 2025 was not collected during the federal shutdown), against 2.3% in 2024; 4th lowest of 51. The lowest annual rate since 1976 was 1.9% in 2023.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the average salary in Vermont?
Workers covered by unemployment insurance in Vermont were paid $67,247 on average in 2025 ($1,293 a week), up 4.3% on 2024; the US average was $78,720. That is 21st lowest of 51.
Source: U.S. Bureau of Labor Statistics · saved copyHow many jobs are there in Vermont?
Employers in Vermont had an average of 308,225 jobs on their payrolls in 2025 across 33,164 establishments, down 0.3% on 2024 (United States: up 0.5%).
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median wage in Vermont?
The median annual wage across all occupations in Vermont was $56,390 in May 2025 (mean $69,050); 14th highest of 51. One in ten workers earned less than $35,910 and one in ten more than $111,480.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the most common job in Vermont?
The most common occupation in Vermont in May 2025 was retail salespersons, with 8,250 workers and a median annual wage of $37,400.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median household income in Vermont?
Median household income in Vermont was $82,836 in 2024, 20th highest among the 50 states and DC (U.S.: $81,604). In 2019 it was $63,293, so it has risen 30.9% before allowing for inflation.
Source: U.S. Census Bureau · saved copyWhat is the average rent in Vermont?
The median gross rent in Vermont, including utilities, was $1,319 a month in 2024, up 9.7% on 2023 ($1,202); 26th highest among the 50 states and DC (U.S.: $1,487).
Source: U.S. Census Bureau · saved copyWhat is the median home value in Vermont?
Homeowners in Vermont valued their homes at a median of $352,800 in 2024, up 6.3% on 2023 ($332,000); 23rd highest among the 50 states and DC (U.S.: $360,600).
Source: U.S. Census Bureau · saved copyHow affordable are homes in Vermont?
The median home value in Vermont was 4.3 times the median household income in 2024 ($352,800 against $82,836); 24th highest ratio among the 50 states and DC (U.S.: 4.4).
Source: U.S. Census Bureau · saved copyIs rent affordable in Vermont?
A household on the median income in Vermont would spend 19.1% of its income on the median rent of $1,319 a month in 2024 (U.S.: 21.9%).
Source: U.S. Census Bureau · saved copyHow Vermont compares with other states
Gross domestic product, 2025 (current dollars) (2025)
Vermont ranks 51 of 51, highest first.
| Rank | Region | Gross domestic product, 2025 (current dollars) |
|---|---|---|
| 45 | Rhode Island | $88.2 billion |
| 46 | North Dakota | $82.3 billion |
| 47 | South Dakota | $82.0 billion |
| 48 | Montana | $80.9 billion |
| 49 | Alaska | $73.6 billion |
| 50 | Wyoming | $52.5 billion |
| 51 | Vermont | $49.7 billion |
GDP per resident, 2025 (BEA GDP / Census population) (2025)
Vermont ranks 36 of 51, highest first.
| Rank | Region | GDP per resident, 2025 (BEA GDP / Census population) |
|---|---|---|
| 33 | Kansas | $77,961 |
| 34 | Indiana | $77,790 |
| 35 | Arizona | $77,665 |
| 36 | Vermont | $77,029 |
| 37 | Florida | $76,958 |
| 38 | Missouri | $75,811 |
| 39 | Louisiana | $74,125 |
Real GDP growth, 2025 (2025)
Vermont ranks 26 of 51, highest first.
| Rank | Region | Real GDP growth, 2025 |
|---|---|---|
| 23 | Nevada | 2.0% |
| 24 | Montana | 2.0% |
| 25 | Alabama | 2.0% |
| 26 | Vermont | 1.9% |
| 27 | Colorado | 1.9% |
| 28 | Indiana | 1.9% |
| 29 | Pennsylvania | 1.8% |
Real GDP growth, 2026:Q2 (annual rate) (2026:Q2)
Vermont ranks 12 of 51, highest first.
| Rank | Region | Real GDP growth, 2026:Q2 (annual rate) |
|---|---|---|
| 9 | North Carolina | 2.9% |
| 10 | Massachusetts | 2.7% |
| 11 | South Dakota | 2.7% |
| 12 | Vermont | 2.7% |
| 13 | Alabama | 2.6% |
| 14 | California | 2.5% |
| 15 | Pennsylvania | 2.5% |
Personal income per person, 2025 (2025)
Vermont ranks 21 of 51, highest first.
| Rank | Region | Personal income per person, 2025 |
|---|---|---|
| 18 | North Dakota | $77,438 |
| 19 | Hawaii | $76,966 |
| 20 | Nebraska | $76,055 |
| 21 | Vermont | $75,723 |
| 22 | Pennsylvania | $75,370 |
| 23 | Rhode Island | $75,233 |
| 24 | Nevada | $73,767 |
Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) (2024)
Vermont ranks 22 of 51, highest first.
| Rank | Region | Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) |
|---|---|---|
| 19 | Iowa | $60,144 |
| 20 | Montana | $59,203 |
| 21 | Kansas | $59,172 |
| 22 | Vermont | $58,893 |
| 23 | Oklahoma | $58,692 |
| 24 | Pennsylvania | $58,620 |
| 25 | Tennessee | $58,582 |
Median household income, 2024 (ACS) (2024)
Vermont ranks 20 of 51, highest first.
| Rank | Region | Median household income, 2024 (ACS) |
|---|---|---|
| 17 | Oregon | $85,220 |
| 18 | Rhode Island | $83,504 |
| 19 | Illinois | $83,211 |
| 20 | Vermont | $82,730 |
| 21 | Arizona | $81,486 |
| 22 | Idaho | $81,166 |
| 23 | Nevada | $81,134 |
Regional price parity, 2024 (US = 100) (2024)
Vermont ranks 23 of 51, highest first.
| Rank | Region | Regional price parity, 2024 (US = 100) |
|---|---|---|
| 20 | Delaware | 99.8 |
| 21 | Utah | 98.9 |
| 22 | Minnesota | 98.6 |
| 23 | Vermont | 98.0 |
| 24 | Pennsylvania | 97.6 |
| 25 | Texas | 97.1 |
| 26 | Maine | 97.0 |
Unemployment rate, September 2026 (seasonally adjusted) (September 2026)
Vermont ranks 49 of 51, highest first.
| Rank | Region | Unemployment rate, September 2026 (seasonally adjusted) |
|---|---|---|
| 45 | Wyoming | 3.0% |
| 46 | Nebraska | 2.9% |
| 47 | Hawaii | 2.8% |
| 48 | New Hampshire | 2.6% |
| 49 | Vermont | 2.6% |
| 50 | North Dakota | 2.2% |
| 51 | South Dakota | 2.0% |
Unemployment rate, 2025 annual average (2025)
Vermont ranks 48 of 51, highest first.
| Rank | Region | Unemployment rate, 2025 annual average |
|---|---|---|
| 45 | New Hampshire | 3.2% |
| 46 | Nebraska | 3.0% |
| 47 | Alabama | 2.9% |
| 48 | Vermont | 2.7% |
| 49 | North Dakota | 2.6% |
| 50 | Hawaii | 2.4% |
| 51 | South Dakota | 2.1% |
Labor force participation rate, September 2026 (September 2026)
Vermont ranks 25 of 51, highest first.
| Rank | Region | Labor force participation rate, September 2026 |
|---|---|---|
| 22 | Oregon | 62.6% |
| 23 | Nevada | 62.3% |
| 24 | Connecticut | 62.1% |
| 25 | Vermont | 62.1% |
| 26 | Washington | 62.0% |
| 27 | Rhode Island | 62.0% |
| 28 | Oklahoma | 61.9% |
Average annual pay, 2025 (QCEW) (2025)
Vermont ranks 31 of 51, highest first.
| Rank | Region | Average annual pay, 2025 (QCEW) |
|---|---|---|
| 28 | Utah | $69,316 |
| 29 | Ohio | $68,298 |
| 30 | North Dakota | $67,580 |
| 31 | Vermont | $67,247 |
| 32 | Missouri | $66,459 |
| 33 | Wisconsin | $66,160 |
| 34 | Maine | $65,787 |
Median annual wage, all occupations, May 2025 (OEWS) (May 2025)
Vermont ranks 14 of 51, highest first.
| Rank | Region | Median annual wage, all occupations, May 2025 (OEWS) |
|---|---|---|
| 11 | Oregon | $57,000 |
| 12 | Minnesota | $56,920 |
| 13 | Rhode Island | $56,780 |
| 14 | Vermont | $56,390 |
| 15 | Hawaii | $56,320 |
| 16 | New Hampshire | $55,880 |
| 17 | Virginia | $55,690 |
Median household income (2024)
Vermont ranks 20 of 51, highest first. Census Bureau SAIPE model estimates
| Rank | Region | Median household income |
|---|---|---|
| 17 | Oregon | $84,897 |
| 18 | Illinois | $83,327 |
| 19 | Rhode Island | $83,250 |
| 20 | Vermont | $82,836 |
| 21 | Arizona | $81,404 |
| 22 | Nevada | $81,129 |
| 23 | Idaho | $80,852 |
Median gross rent (monthly) (2024)
Vermont ranks 26 of 51, highest first. Renter-occupied units paying cash rent
| Rank | Region | Median gross rent (monthly) |
|---|---|---|
| 23 | Idaho | $1,384 |
| 24 | North Carolina | $1,338 |
| 25 | Illinois | $1,322 |
| 26 | Vermont | $1,319 |
| 27 | Minnesota | $1,291 |
| 28 | Tennessee | $1,284 |
| 29 | South Carolina | $1,272 |
Median value of owner-occupied homes (2024)
Vermont ranks 23 of 51, highest first. Owner-reported value
| Rank | Region | Median value of owner-occupied homes |
|---|---|---|
| 20 | Connecticut | $396,900 |
| 21 | Alaska | $376,500 |
| 22 | Delaware | $371,600 |
| 23 | Vermont | $352,800 |
| 24 | Minnesota | $344,600 |
| 25 | Georgia | $343,300 |
| 26 | Maine | $341,900 |
More on Vermont: overview · health · education and schools · poverty and living standards · government budget · the United States
Sources
- U.S. Census Bureau: Household Income in States and Metropolitan Areas: 2024 (ACSBR-025), Appendix Table 1: median household income and Gini index by state, 2023 and 2024 American Community Survey, read 23 October 2026 · saved copy (SHA-256 5de1b0d5ec46…)
- U.S. Bureau of Economic Analysis: SASUMMARY: State annual summary statistics: personal income, GDP, consumer spending, price indexes, and employment (updated 30 September 2026), read 23 October 2026 · saved copy (SHA-256 a3757d207c05…)
- U.S. Bureau of Economic Analysis: SAGDP: Annual GDP by state, 1997-2025 (table SAGDP2, GDP in current dollars by industry), read 23 October 2026 · saved copy (SHA-256 3d3c5bc7bd24…)
- U.S. Bureau of Economic Analysis: SQGDP: Quarterly GDP by state, 2005-2026 Q2 (table SQGDP11, percent change in real GDP at annual rate), read 23 October 2026 · saved copy (SHA-256 1649260cdceb…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, monthly, seasonally adjusted, read 23 October 2026 · saved copy (SHA-256 7bb6f18d4145…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, annual averages 1976-2025, read 23 October 2026 · saved copy (SHA-256 262aba7d00df…)
- U.S. Bureau of Labor Statistics: Occupational Employment and Wage Statistics, May 2025 state estimates (state_M2025_dl.xlsx), read 23 October 2026 · saved copy (SHA-256 74d5be0e1df8…)
- U.S. Bureau of Labor Statistics: Quarterly Census of Employment and Wages, 2025 annual averages, all industries (open data CSV slice), read 23 October 2026 · saved copy (SHA-256 5a5f89142aae…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median gross rent (B25064), read 23 October 2026 · saved copy (SHA-256 8624f9775add…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median value of owner-occupied homes (B25077), read 23 October 2026 · saved copy (SHA-256 27120d5d8a5f…)
- U.S. Census Bureau: Small Area Income and Poverty Estimates (SAIPE): 2024 poverty and median household income, states and counties, read 23 October 2026 · saved copy (SHA-256 cb52c47d75c1…)
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