East Montpelier Vermont Income Charts

This section shows the East Montpelier Vermont economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, East Montpelier depicts it has a Median earnings of $58,407 which is more than all other places in the greater East Montpelier region. Comparing median earnings per worker to the United States average of $50,459, East Montpelier is 15.8% larger. Also, compared with the state of Vermont, median earnings per worker of $49,689, East Montpelier is 17.5% larger.

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $65,122 which is the second most median income of all the places in the greater East Montpelier region. The city with the highest median household income in the area is Montpelier which shows a median income of $65,668 ( about the same size). Comparing median household income to the United States average of $64,994, East Montpelier is about the same size. Also, compared to the state of Vermont, median household income of $63,477, East Montpelier is only about 2.6% larger.

The next section examines a variety of different income statistics for the East Montpelier metropolitan area. In Figure 3 we see that it has the percentage of earnings between $10,000 and $14,999 in the center range of other places in the local area at 1.4% of the total. Second, it has the largest proportion of earnings between $75,000 and $99,999 at 11.2% of the total and is ranked #1.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 38.0 which is the third most average hours of all other places in the greater East Montpelier region. The city with the highest average hours in the area is Marshfield which depicts an average hours of 42.6 (12.1% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has a Avg Hrly Earnings of $29.56 which is the second most average hourly earnings of all the places in the greater East Montpelier region. The city with the highest average hourly earnings in the area is Worcester CDP which depicts an average hourly earnings of $32.53 (10.1% larger). Comparing average hourly earnings to the United States average of $25.01, East Montpelier is 18.2% larger. Also, in comparison with the state of Vermont, average hourly earnings of $25.21, East Montpelier is 17.2% larger.

Figure 7 examines the number of self employed people in the East Montpelier metro area based on the number of people who reported any self employment income. East Montpelier shows it has a Self Employed of 13.1% which is less than most other places in the metro area. The city with the highest percentage of people self employed in the area is East Montpelier CDP which shows a percentage self employed of 47.1% (approximately 3.6 times bigger).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-under 25 years at $81,875 of the total and is ranked #1. Second, it has one of the largest proportions of median income-25 to 44 years at $65,938 of the total and is ranked #3. Only #2 Montpelier ($68,005), and #1 Marshfield ($74,375) are larger. Third, it has one of the largest proportions of median income-45 to 64 years at $49,531 of the total and is ranked #2. The only larger city being Montpelier with $56,058.

Figure 9 breaks down the source of income and East Montpelier has the largest proportion of self employment income at 18.5% of the total and is ranked #1.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 27.0% which is the most of all places in the greater East Montpelier region.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has one of the largest proportions of overall family income at $82,270 of the total and is ranked #2. The only larger city being Montpelier with $92,790.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. East Montpelier shows it has the hightest cost of 119.4 for the cost of utilities category.

East Montpelier Vermont Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2020, the Covid 19 recession or great recession occurred and affects this metric. . It depicts that from January 2010 to before the Coronavirus Pandemic the monthly unemployment rate went from 4.9% to 1.7% in March 2020. This represents a decrease in the monthly unemployment rate of 65.3%. Since that time, the monthly unemployment rate has gone to 1.2% This represents a decrease in the monthly unemployment rate of 29.4%. In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. . It shows that from January 2010 to before the disasterous Coronavirus Pandemic the monthly labor force participation went from 1,555 to 1,609 in March 2020. This represents an increase in the monthly labor force participation of 3.5%. Since that time, the monthly labor force participation has gone to 1,527 This represents a decrease in the monthly labor force participation of 5.1%.

The next two charts look at the annual unemployment rate/eligible for unemployment benefits and is based on the American Community survey. Figure 16 shows East Montpelier shows it has a Unemployment Rate of 2.4% which is in the mid range of other places in the local area. The city with the highest unemployment rate in the area is Worcester CDP which depicts a rate of 29.5% ( very much bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. East Montpelier shows it has a Labor Force Participation of 69.6% which is in the mid range of other places in the area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. East Montpelier shows full time employees approximately 2.8 times bigger as the part time employees.

The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner in the greater East Montpelier area. East Montpelier depicts it has a Single Earner Families of 25.6% which is the third most families with a single earner of all other places in the greater East Montpelier region. The city with the highest families with a single earner in the area is East Montpelier CDP which depicts a single earners rate of 100.0% (approximately 3.9 times bigger). The percentage of families with no one working is depicted in Figure 22. East Montpelier depicts it has a Families with No One Working of 15.7% which is less than most other places in the metropolitan area. The city with the highest families with no one working in the area is Marshfield which indicates a families with no worker of 32.1% (about twice as large).

East Montpelier Vermont Poverty Charts

The next section details economy analysis about poverty for residents of the East Montpelier community. This performance can be enhanced by government programs such as economic opportunity zone to influence manufacturing, job growth, economic opportunity an hopefully lead to economic recovery after the recent Covid 19 recession. In Figure 23 the total number of people earning less than the poverty level are shown. East Montpelier depicts it has a Total In Poverty of 47 which is in the mid range of other places in the greater region. The city with the highest total people earning less than the poverty level in the area is Barre which shows a total people earning less than the poverty level of 1,909 ( very much bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. East Montpelier shows it has a Percent of Population In Poverty of 1.8% which is less than most other places in the greater region. The city with the highest percent of people earning less than the poverty level in the area is Plainfield CDP which depicts a percent of people in poverty of 27.1% ( quite a bit bigger).

In Figure 25 people who are in poverty are broken out by age group. East Montpelier has the percentage of person in poverty 12 to 17 years less than most other places in the metro area at 13% of the total. Second, it has the largest proportion of person in poverty 35 to 54 years at 66% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. East Montpelier has the percentage of married with children and in poverty in the mid point range of other places in the area at 6% of the total. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. East Montpelier has one of the largest proportions of people who are in poverty and unemployed at 23.4% of the total and is ranked #2. The only larger city being Marshfield with 37.5%. Additionally, Figure 30 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) East Montpelier depicts it has a Public Assistance Percent of 3.8% which is the second smallest when sorted by households with public assistance of all the other places in the surrounding region. The city with the highest households with public assistance in the area is Barre which shows a households with public assistance of 28.4% ( very much bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). East Montpelier shows it has a Gini Index of 37.8% which is the third most the gini index of all other places in the greater East Montpelier region.

East Montpelier Vermont Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown East Montpelier or elsewhere.) East Montpelier has one of the largest proportions of people who drove alone at 81% of the total and is ranked #2. The only larger city being Worcester CDP with 92%. Second, it has the second smallest as measured by people who drove alone of all the other places in the surrounding region in terms of people who walked at 2% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. East Montpelier has the percentage of people who leave for work between 5am to 530am less than most other places in the greater region at 1% of the total. Second, it has the largest proportion of people who leave for work between 8am to 830am at 11% of the total and is ranked #1.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. East Montpelier has the percentage of people with commute time of less than 5 minutesutes in the center range of other places in the surrounding region at 7% of the total. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 14% of the total and is ranked #3. Only #2 Barre (18%), and #1 Montpelier (24%) are larger. Third, it has one of the largest proportions of people with commute time between 10 to 14 minutes at 38% of the total and is ranked #2. The only larger city being East Montpelier CDP with 100%.

The average commute time is shown in Figure 37. East Montpelier depicts it has a Avg Commute Time of 21 which is in the mid range of other places in the greater region. Figure 38 shows the difference between male versus female commuting time. East Montpelier depicts average commute time in minutes for men approximately three-fourths the size as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and East Montpelier has the percentage of no vehicle available less than most other places in the metro area at 30% of the total. Second, it has the largest proportion of 2 vehicles available at 20% of the total and is ranked #1. Third, it has one of the largest proportions of 4 vehicles available at 4% of the total and is ranked #2. The only larger city being Marshfield with 8%. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) East Montpelier indicates it has a Work in city or place where live of 47% which is the second most people who both work and live in the same city of all the places in the greater East Montpelier region. The city with the highest people who both work and live in the same city in the area is Montpelier which indicates a people who both work and live in the same city of 58% (23.3% larger). Comparing people who both work and live in the same city to the United States average of 43%, East Montpelier is 10.5% larger. Also, measured against the state of Vermont, people who both work and live in the same city of 38%, East Montpelier is 22.7% larger.

East Montpelier Vermont Jobs Charts

The next to charts break out the median earnings for major job categories for men and women. Figure 46 shows the median earnings of men for the job categories. East Montpelier depicts it has the hightest median earnings of $103,472 for the earnings-sales and office occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and East Montpelier indicates it has the hightest median earnings of $82,368 for the management, business, and financial occupations category. The table in Figure 48, shows East Montpelier employment data in terms of job categories and salary data.

East Montpelier Vermont Self Employment Charts

Figure 49 shows economic activity in terms of the number of people who are self employed in incorporated local business by industry. East Montpelier shows it has the hightest entrepreneurs of 55% for the self employed management, business, science, and arts businesses category.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. East Montpelier depicts it has the hightest entrepreneurs of 67% for the self employed in professional, scientific, management, administrative services aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. East Montpelier shows it has a Self Employment Income of $14,629 which is in the mid range of other places in the metropolitan area. The city with the highest average annual self employment income in the area is Marshfield which shows an average annual self employment income of $44,575 (approximately 3.0 times bigger). Comparing average annual self employment income to the United States average of $40,101, East Montpelier is approximately a third the size. Also, benchmarked against the state of Vermont, average annual self employment income of $32,178, East Montpelier is approximately half the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) East Montpelier depicts total number of self-employed men 25.7% larger as the total number of self-employed women.