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Vermont

State-to-state migration of people and income, 20222023 filing years

At a glance (2023)

Cost of living
97
3% below the U.S. average
Median home value
$290,500
national $303,400
Home prices, 5 years
+58.4%
over the 5 years to 2023
Monthly rent
$1,193
national $1,348
Homeownership
73%
national 65%
Unemployment
1.9%
national 3.6%
Household income
$78,024
national $78,538
Median age
43.0 yrs
national 38.7

The cost of living runs about 3% below the national average. The median home is valued at $290,500 (nominal). Home prices have risen about 58% over the five years to 2023. Median rent is about $1,193 a month. Unemployment averaged 1.9% in 2023 (national 3.6%). Median household income is $78,024. These figures describe all residents, not just tax filers, come from separate sources than the migration data on this page, and do not indicate why anyone moved.

Between the 2022 and 2023 filing years, Vermont saw a net loss of 370 tax-filing households and a net gain of 27 individuals. Against a population of about 647,464, that is a net inflow of about 0 per 1,000 residents. On net, the area gained $87.4M in associated adjusted gross income (AGI, nominal dollars). The largest inflow, about 1,566 households, came from New York; the largest outflow, about 1,546 households, went to New York. In the prior (2022) filing year, the area saw a net gain of 1,337 individuals. These figures cover federal income tax filers only and do not indicate why people moved.

Net income (AGI)
+$87.4M
nominal dollars
Net households
-370
tax returns
Net people
+27
exemptions

+0.0 net people per 1,000 residents (population 647,464)

Income (AGI) in and out

Moved in$934.8M
Moved out$847.4M
Net +$87.4M (nominal)
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Vermont counties

Net migration by county. Hover for figures; click a county to open it.

Net outNet in(AGI $)
Hover an area to trace its top 5 inbound (in) and outbound (out) moves.
Net income (AGI) that moved in minus out, in nominal dollars (not adjusted for inflation).Net tax returns (filing households) that moved in minus out.Net people per 1,000 residents, so larger and smaller areas compare fairly.
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Top origin states

  1. 1New York1,566$122.1M
  2. 2Massachusetts1,540$172.3M
  3. 3New Hampshire1,243$78.2M
  4. 4Florida778$67M
  5. 5Connecticut579$50.6M
  6. 6California523$53.8M
  7. 7Pennsylvania429$38.6M
  8. 8New Jersey390$36.5M
  9. 9Maine357$21.7M
  10. 10Colorado331$21.9M
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Top destination states

  1. 1New York1,546$103.5M
  2. 2New Hampshire1,353$87.4M
  3. 3Massachusetts1,339$96.1M
  4. 4Florida1,043$107.1M
  5. 5North Carolina537$39.5M
  6. 6Maine503$33.8M
  7. 7California440$35.3M
  8. 8Connecticut428$33.1M
  9. 9Pennsylvania360$21.4M
  10. 10Colorado349$22.4M
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Churn by state · both directions at once

The biggest two-way exchanges of filing households, 20222023. Moved in and moved out are gross one-way counts; net is the difference. Click a column to sort.

New York1,5661,546+20+$18.6M
Massachusetts1,5401,339+201+$76.2M
New Hampshire1,2431,353-110-$9.1M
Florida7781,043-265-$40M
Connecticut579428+151+$17.4M
California523440+83+$18.5M
Maine357503-146-$12M
North Carolina269537-268-$22.1M
Pennsylvania429360+69+$17.2M
Colorado331349-18-$507K
Texas327312+15+$2.7M
New Jersey390209+181+$18.5M

Counts are filing households (IRS returns), matching the lists above; income is nominal AGI. A dash means the IRS published only one direction of that exchange (small flows are suppressed), so no net is computed.

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Net migration by year

Net 2012–2023: +$949.1M (-540 people)
20122023
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Net AGI and net people by year (nominal dollars)
YearNet AGINet people
2012-$87.3M-1,260
2013+$6.3M-898
2014-$96.4M-1,285
2015-$45.9M-1,083
2016-$31.9M-1,726
2017+$42M+36
2018+$19.3M-519
2019-$28.5M-1,343
2020+$448.5M+3,131
2021+$365.2M+3,043
2022+$270.5M+1,337
2023+$87.4M+27
Migration in context

How big is this move, relative to the state?

In the 20222023 filing year, about 27 more people moved into Vermont than left (counting tax filers and their dependents) — a net gain of about $87.4M in income (nominal) — in a state of 647,722 people.

Population
647,722
Census 2023 estimate
Net migration rate
+0.0
net people per 1,000 residents
A town of 10,000 would net about 0 people.
Net income per resident
+$135
nominal dollars
+$87.4M total across 647,722 residents.

The rate lets you compare Vermont with a stateof any size: it’s the net flow divided by population. The IRS counts tax filers; population counts all residents, so read the rate as a scale indicator, not a literal share of people.

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Components of population change · 2023 (Census)

Where the state’s overall change came from. Census counts all residents; the IRS migration above is one slice of the domestic-migration component.

Births
+5,089
Deaths
-6,833
Net domestic migration
+782
Net international migration
+1,185
Total change
+108

Source: U.S. Census Bureau, Population Estimates Program. Figures are people, not tax filers.

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Income & cost of living

What a dollar is worth here

Prices around Vermont run about 3% below the national average. In plain terms: $100 spent here buys about what $103 buys in the average American community. The figures below apply that to income, each compared to the U.S. average of $70,002 per person.

Income per person
$67,918
what people here earn (BEA 2023, nominal)
3% below the U.S. average
Price level
97.1
100 = U.S. average prices (BEA price parity)
everyday costs about 2.9% lower than average
What that income buys
$69,916
local income restated at U.S.-average prices
0% below the U.S. average
Cheaper than U.S. avgU.S. average (100)Pricier

Price parity shown at the state level (BEA does not publish a single figure below the metro level).

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Where the cost comes from · price parity by category

Index where 100 = U.S. average for that category. Housing is usually what separates one place from another.

Housing & rents82.3
Goods97.9
Utilities122.1
Other services101.7

Housing is measured from rents (including an estimated rental value for owner-occupied homes), so a run-up in purchase prices shows here only as it reaches rents. Source: U.S. Bureau of Economic Analysis. Covers all residents, a separate universe from the IRS filer income above. How the data works.

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Who lives here

The people of Vermont

American Community Survey, 2019–2023 (a 5-year average of all residents, not just tax filers).

Median age
43.0
years
Median household income
$78,024
per household (ACS 2019–2023, nominal)
1% below the U.S. median
College degree
43%
adults 25+ with a bachelor's or higher
Poverty rate
10.3%
residents below the poverty line
Average commute
23 min
mean travel time to work
Broadband at home
88%
households with any broadband
Race and ethnicity (share of residents)
White 91%Hispanic 2%Black 1%Asian 2%Other 4%

White, Black, and Asian counts are people who are not Hispanic or Latino; Hispanic or Latino can be of any race. Shares are rounded and may not total 100.

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Covers all residents, a separate universe from the IRS filer data. A 5-year estimate is an average over 2019–2023; compare years at least five apart, since consecutive windows overlap. How the data works.

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Housing · what it costs to live here (ACS 2019–2023)

Median home value
$290,500
owner-occupied homes
4% below the U.S. median
Median rent
$1,193
gross rent per month
11% below the U.S. median
Homeownership
73%
of occupied homes are owner-occupied
Home-price appreciation · FHFA index, 2023
Past year
+13.2%
price change, 2022 to 2023
Past 5 years
+58%
price change, 2018 to 2023

A repeat-sales index (how much the same homes changed in price), so it tracks the market over time rather than the current level. Source: Federal Housing Finance Agency, annual all-transactions HPI; the county series is FHFA’s developmental index.

New home construction · building permits, 2023
2,456new housing units authorized in 2023
Single-family 53%Multifamily 47%

Units authorized by residential building permits (new supply), summed from counties for the state and U.S. Permits are authorizations, not completions. Source: U.S. Census Bureau, Building Permits Survey.

Home value is what owners estimate their homes are worth, not recent sale prices. Source: U.S. Census Bureau, American Community Survey 5-year estimates (2019–2023), nominal dollars. How the data works.

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Local economy & risk

Jobs and natural hazards

Unemployment rate
1.9%
BLS 2023 annual average
Labor force
349,476
342,686 employed
Disaster declarations
3
major federal, 2023
most common: Flood

Sources: U.S. Bureau of Labor Statistics (LAUS) and FEMA. A disaster declaration marks federal assistance eligibility, not damage severity, and says nothing about why anyone moved. How the data works.

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Unemployment now
2.4%
May 2026 · ▲ 0.1 points vs May 2025
January 2024May 2026

Source: U.S. Bureau of Labor Statistics (LAUS). Monthly unemployment for this state, not seasonally adjusted. Updated every month, so it moves faster than the annual average above. How the data works.

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Who’s moving by income

Net migration by income bracket

Tax-filing households that moved into Vermont minus those that left, by the adjusted gross income they reported, 20222023. Positive means more arrived than left at that income level.

$1–$10k
-59
In 993Out 1,052-$27K AGI
$10k–$25k
-22
In 1,962Out 1,984-$354K AGI
$25k–$50k
-399
In 3,056Out 3,455-$15.4M AGI
$50k–$75k
-217
In 1,710Out 1,927-$12.6M AGI
$75k–$100k
-34
In 1,024Out 1,058-$2.7M AGI
$100k–$200k
+132
In 1,621Out 1,489+$19.6M AGI
$200k+
+222
In 909Out 687+$99.7M AGI

Among the highest earners ($200k+), Vermont ranks #19 of 51 states for net household migration (+222).

Source: IRS Statistics of Income, state-level gross migration file (returns with negative AGI are excluded, so this won’t exactly match the totals above). Income is what filers reported, not a reason anyone moved. Compare all states by income bracket. How the data works.

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Goods trade

What Vermont ships and receives

Physical goods shipped between Vermont and other states, 2022. This is freight, not the migration of people or income shown above.

$15.3B
Ships to other states
-15% since 2017
$21.2B
Receives from states
+37% since 2017
-$5.9B
Net balance

Top goods shipped out

Other prepared foodstuffs and fats and oils
$4.0B
Electronic and other electrical equipment and components, and office equipment
$3.0B
Machinery
$1.6B
Miscellaneous manufactured products
$1.5B
Textiles, leather, and articles of textiles or leather
$1.3B
Plastics and rubber
$836M

Top goods received

Electronic and other electrical equipment and components, and office equipment
$2.3B
Mixed freight
$2.0B
Other prepared foodstuffs and fats and oils
$1.5B
Pharmaceutical products
$1.4B
Motorized and other vehicles (includes parts)
$833M
Miscellaneous manufactured products
$827M

Biggest trading partners (both ways)

Goods trade runs in both directions: states swap different goods, so a partner is often near the top of both columns. Net is ships minus receives (positive means Vermont ships more to that partner than it gets back).

PartnerShips toReceivesNetTotal
New York$1.9B$4.1B-$2.2B$6.0B
Massachusetts$1.6B$4.2B-$2.6B$5.8B
New Hampshire$981M$2.1B-$1.1B$3.0B
New Jersey$1.2B$1.3B-$129M$2.6B
Pennsylvania$1.2B$1.0B+$226M$2.3B
Connecticut$528M$926M-$398M$1.5B
Maine$843M$486M+$357M$1.3B
California$727M$565M+$162M$1.3B

Goods shipped every five years by the Census Commodity Flow Survey (a sample, so figures are estimates and the smallest flows are withheld). Value is nominal. The totals and partner table above count trade between Vermont and other states; the goods lists count everything the state ships or receives, including within-state shipments. Compare all states. How the data works.

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Taxes the state collects

What Vermont collects in taxes

Total state taxes
$4.5B
FY 2023, nominal
Per resident
$6,945
total state taxes ÷ population
Largest categories (share of total)
Property taxes$1.2B · 27%
Individual income tax$1.2B · 27%
Other selective sales tax$609.4M · 14%
General sales & gross receipts$584.7M · 13%
Corporation net income tax$299.6M · 7%

Source: U.S. Census Bureau, Annual Survey of State Government Tax Collections. This is what the state government collected (not local taxes), not a measure of any individual’s tax burden. How the data works.

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How Vermont has voted. Certified returns, popular vote only. This is a separate dataset from the migration figures on this page.

President, 19762024

YearDemocraticRepublicanOtherMarginTotal
2024235,791119,39514,236D +31.2372,885
2020242,826112,70815,292D +35.1370,826
2016178,57395,36941,135D +26.4315,077
2012199,23992,6987,353D +35.6299,290
2008219,26298,9746,810D +37.0325,046
2004184,067121,1807,062D +20.1312,309
2000149,022119,77525,511D +9.9294,308
1996137,89480,35240,203D +22.3258,449
1992133,59288,12267,987D +15.7289,701
1988115,775124,3313,222R +3.5243,328
198495,730135,8652,966R +17.1234,561
198081,95294,62836,719R +5.9213,299
197677,798100,3875,717R +12.3183,902

U.S. Senate races · all states →

YearWinnerDemocraticRepublicanOtherMargin
2024Bernie Sanders116,512256,373
2022Peter Welch196,57580,46810,343D +40.4
2018Bernie Sanders74,663197,667
2016Patrick J. Leahy192,243103,63724,278D +27.6
2012Bernard Sanders72,898219,612
2010Patrick J. Leahy151,28172,69911,085D +33.4
2006Bernard Sanders84,924177,228
2004Patrick J. Leahy216,97275,39814,664D +46.1
2000James M. Jeffords73,352189,13325,654R +40.1

U.S. House seats won · district maps →

2024
D 1 · R 0
2022
D 1 · R 0
2020
D 1 · R 0
2018
D 1 · R 0
2016
D 1 · R 0
2014
D 1 · R 0
2012
D 1 · R 0
2010
D 1 · R 0
2008
D 1 · R 0
2006
D 1 · R 0
2004
D 0 · R 0 · O 1
2002
D 0 · R 0 · O 1
2000
D 0 · R 0 · O 1

2024 results by county

Republican wonDemocratic wonIndependent / other
Which party received the most votes, as a solid color.Winning margin as a share of all votes cast.Change in margin since 2020, in percentage points.Total votes cast, all candidates.
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Source: MIT Election Data and Science Lab county returns (CC0). Margins are the popular-vote gap as a share of all votes cast.

Counties in Vermont (14)

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