As a backdrop to The Informed Vermonter’s discussion of Vermont state programs and policies, fundamental information regarding Vermont’s population, economic performance and employment and wage trends is provided below.
As will be outlined in the next several articles, the underlying trends in Vermont do not paint a robust picture. Demographic and economic trends are decidedly mixed and pose challenges in the years ahead.
In the chart below, key Census Bureau data for Vermont is compared to the USA as a whole.
Key US Census Bureau Data, 2015
|Population, 2016 Estimate||624,594||323,127,513|
|Population Under Age 18, 2015||19.2%||22.9%|
|Population Over Age 65, 2015||17.6%||14.9%|
|Population Growth, 2010-2016||-0.2%||4.7%|
|Median Household Income, 2015||$55,176||$53,889|
|% In Poverty||10.2%||13.5%|
|Median Home Value||$217,500||$178,600|
|High School Graduation||91.8%||86.7%|
|College Graduation or Better||36.0%||29.8%|
Source: US Census Bureau
Declining Population: Vermont has a stagnant to declining population.
Aging Population: Vermont has a materially greater proportion of people aged 65 and older and this is growing rapidly, from 14.6% of the population in 2010 to 17.6% in 2015.
Shrinking Student Aged Population: The portion of the population aged under 18 has declined from 20.7% in 2010 to 19.2% in 2015 and is below the national average.
Low Poverty Rate: Vermont’s poverty rate is 24.4% lower than the USA average.
High Education Achievement: Vermont has a highly educated population with college graduation rates exceeding the USA average by 20.8%.