Vermont Economy Quiz

There are 162,000 families in Vermont.
1.  What's the median family income?
2.  What percent of Vermont families earn over $100,000?
3.  How has that changed since 2000?

Answers below the fold.

According to the U.S. Census Bureau's American Community Survey the answers are
1.  $58,000
2.  20%.  That's one in five.
3.  It has nearly doubled.

In 2006, there were 32,000 families with an income over $100,000.  At an average of 3 people per family, that means about 100,000 Vermonters (out of 624,000) live in families with at least $100,000 to spend.   

In 2000, there were only 18,000 families at that income level or above.  Granted, $100,000 today just doesn't buy what it did in 2000, but back then, only 11% of families earned $100,000.

I suppose we should blame George Bush for this.  Or maybe Jim Douglas, although Howard Dean was governor at the beginning of this period.

Comments

[GreggB]

I wonder how many of the VT families making >100k involve a spouse working out of state and commuting home for weekends with the family. Anyone know?