ED REFORM:
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Vermont income and employment both dropped
Jobs Brief
|Jobs, Workers, Wages, Unemployment, Income
Newly released U.S. Census data show that Vermont’s median annual income decreased last year to $82,730 after adjusting for inflation. While this change was not statistically significant, Vermont was one of only six states nationwide where income declined. Only North Dakota and Rhode Island saw sharper drops. This marks a departure from the income growth Vermont experienced immediately after the start of the Covid pandemic: a rise of over 8 percent between 2019 and 2021, the fastest growth in the country. Most of those gains have endured. But aside from that period, income in the state has generally stagnated. From the early aughts to 2019, income hovered around $75,000. And since 2021, it has stayed flat at around $82,000.
This month
After hitting an all-time high in January 2025, the number of employed Vermonters fell in August for the seventh month in a row, to 343,482. The last time the state saw similar employment levels was during the first half of 2023, as pandemic-related employment losses were recovered. Prior to 2020, employment levels had not dropped this low since early 2017.
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