Vermont median household income diversity
Based on our analysis of the distribution of Vermont population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 92.93% of the total residents in Vermont. Notably, the median household income for White households is $73,591.
Interestingly, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $81,819. This reveals that, while Whites may be the most numerous in Vermont, Two or More Races households experience greater economic prosperity in terms of median household income.
For a better visual representation of these income disparities, take a look at the bar chart below. It illustrates the varying median household incomes across races, providing a clear comparison for each of the racial categories defined by the U.S. Census Bureau.
In Vermont, a diversity of median household incomes is evident among households of different races. The Two or More Races households boast the highest median household income at about $81,819. Black or African American households have a median income of approximately $78,611. American Indian and Alaska Native households have a median income of approximately $74,426. White households have a median income of approximately $73,591. Asian households have a median income of approximately $70,809. Conversely, Some Other Race households reveal the lowest median income at $68,766. These disparities underscore the varied income distribution within the state of Vermont.
Vermont median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Vermont, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the state of Vermont.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Vermont, the median household income for the households where the householder is White increased by $5,002(7.29%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $68,589 in 2012 and $73,591 in 2022.
- Black or African American: In Vermont, the median household income for the households where the householder is Black or African American increased by $13,021(19.85%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $65,590 in 2012 and $78,611 in 2022.
- American Indian and Alaska Native: In Vermont, the median household income for the households where the householder is American Indian and Alaska Native increased by $53,509(255.82%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $20,917 in 2012 and $74,426 in 2022.
- Asian: In Vermont, the median household income for the households where the householder is Asian increased by $18,928(36.48%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $51,881 in 2012 and $70,809 in 2022.
- Native Hawaiian and Other Pacific Islander: Even though there is a population where the householder is Native Hawaiian and Other Pacific Islander, there was no median household income reported by the U.S. Census Bureau for both 2012 and 2022.
- Some other race: In Vermont, the median household income for the households where the householder is Some other race increased by $22,657(49.14%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $46,109 in 2012 and $68,766 in 2022.
- Two or more races (multiracial): In Vermont, the median household income for the households where the householder is multiracial increased by $17,649(27.50%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $64,170 in 2012 and $81,819 in 2022.
- Above analysis reconfirms that there are 6 race households in Vermont. Households are categorized based on the self-identified race of the head of household.
Vermont median household income by race betwen 2012 and 2022
Explore the evolution of median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau. This table showcases the annual income trends, from 2012 to 2022, providing insights into the economic shifts within diverse racial communities.
| Race Of The Head Of Household | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| White | $66,911 | $69,610 | $68,589 | $66,604 | $67,845 | $71,787 | $71,475 | $69,386 | $72,191 | $72,826 | N/A | $78,511 | $73,591 |
| Black or African American | $76,379 | N/A | $65,590 | $67,507 | $63,208 | $49,804 | $31,353 | $49,787 | $47,357 | $42,892 | N/A | N/A | $78,611 |
| American Indian and Alaska Native | N/A | N/A | $20,917 | $76,812 | $40,007 | $57,123 | N/A | $31,262 | N/A | $74,703 | N/A | $42,546 | $74,426 |
| Asian | $48,639 | $66,584 | $51,881 | $72,062 | $74,724 | $62,407 | $71,856 | $53,185 | $70,783 | $79,428 | N/A | $75,015 | $70,809 |
| Native Hawaiian and Other Pacific Islander | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $50,461 | N/A | N/A | N/A |
| Some Other Race | $78,427 | $67,756 | $46,109 | N/A | N/A | $65,367 | $83,855 | $59,132 | $51,877 | $170,488 | N/A | $51,166 | $68,766 |
| Two or More Races | $57,747 | $47,857 | $64,170 | $42,951 | $54,571 | $21,498 | $24,535 | $75,502 | $46,166 | $56,512 | N/A | $83,432 | $81,819 |
Key observations: Households with American Indian and Alaska Native householders witnessed significant growth in median household income, marking an impressive increase of $53,509. Among all racial categories, there was no instance of householders experiencing a decline in median household income, indicating a consistent or upward trend across all household demographics.