Real median household income, New England states and U.S., 2019-2023

Vermont’s real household income grew 7.8 percent from 2019 through 2023. While that was the sharpest rise in the country, Vermont still ranked 17th in household income, up from a ranking of 26th in 2019 but still behind most of the other states in the region. For most Vermonters, household income is the sum of the wages earned by members of the household, so this increase may reflect an increase in household size rather than real gains. For wealthier Vermonters, a greater share of income is unearned, from sources such as investments.