Grand Isle County Income Charts

This section shows the Grand Isle County Vermont economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Grand Isle County depicts it has a Median earnings of $49,531 which is the third most of all other counties in the local area. The county with the highest median earnings per worker in the area is Chittenden County which depicts a median earnings of $53,657 (8.3% larger). Comparing median earnings per worker to the United States average of $49,041, Grand Isle County is about the same size. Also, benchmarked against the state of Vermont, median earnings per worker of $47,949, Grand Isle County is only about 3.3% 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 $71,587 which is the second most median income of all the counties in the greater Grand Isle County region. The county with the highest median household income in the area is Chittenden County which shows a median income of $73,647 (only about 2.9% larger). Comparing median household income to the United States average of $62,843, Grand Isle County is 13.9% larger. Also, versus the state of Vermont, median household income of $61,973, Grand Isle County is 15.5% larger.

The next section examines a variety of different income statistics for the Grand Isle County metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 7.9% of the total and is ranked #1. Second, it has the largest proportion of earnings between $50,000 and $74,999 at 9.6% 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 39.6 which is the largest of all counties in the greater Grand Isle County region. 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 $24.05 which is the third most average hourly earnings of all other counties in the greater Grand Isle County region. The county with the highest average hourly earnings in the area is Chittenden County which depicts an average hourly earnings of $27.74 (15.3% larger). Comparing average hourly earnings to the United States average of $24.31, Grand Isle County is about the same size. Also, in contrast to the state of Vermont, average hourly earnings of $24.33, Grand Isle County is about the same size.

Figure 7 examines the number of self employed people in the Grand Isle County metro area based on the number of people who reported any self employment income. Grand Isle County indicates it has a Self Employed of 17.4% which is the second most people self employed of all the counties in the greater Grand Isle County region. The county with the highest percentage of people self employed in the area is Lamoille County which indicates a percentage self employed of 17.7% ( only slightly larger).

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 $84,167 of the total and is ranked #1. Second, it has one of the largest proportions of median income-25 to 44 years at $80,000 of the total and is ranked #2. The only larger county being Chittenden County with $93,203. Third, it has one of the largest proportions of median income-45 to 64 years at $52,601 of the total and is ranked #2. The only larger county being Chittenden County with $54,772.

Figure 9 breaks down the source of income and Grand Isle County has the smallest proportion of social security at 0.4% of the total.

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 26.6% which is the third most households with retirement income of all other counties in the greater Grand Isle County region. The county with the highest households with retirement income in the area is Essex County which depicts a households with retirement income of 31.3% (17.8% larger).

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 $88,043 of the total and is ranked #2. The only larger county being Chittenden County with $100,813. Second, it has the largest proportion of hawaiian family income at $104,464 of the total and is ranked #1.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Grand Isle County depicts it has the hightest cost of 121.2 for the cost of housing category.

Grand Isle County 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 shows that from February 2010 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 9.7% to 3.6% in February 2020. This represents a decrease in the monthly unemployment rate of 62.9%. Since that time, the monthly unemployment rate has gone to 2.9% This represents a decrease in the monthly unemployment rate of 19.4%. 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 February 2010 to before the disasterous Coronavirus Pandemic the monthly labor force participation went from 4,183 to 3,996 in February 2020. This represents a decrease in the monthly labor force participation of 4.5%. Since that time, the monthly labor force participation has gone to 3,736 This represents a decrease in the monthly labor force participation of 6.5%.

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 Grand Isle County depicts it has a Unemployment Rate of 2.7% which is the second most unemployment rate of all the counties in the greater Grand Isle County region. The county with the highest unemployment rate in the area is Essex County which depicts a rate of 2.8% (only about 3.9% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Grand Isle County depicts it has a Labor Force Participation of 64.6% which is less than most other counties in the metro area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Grand Isle County depicts full time employees approximately 3.6 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 Grand Isle County area. Grand Isle County shows it has a Single Earner Families of 27.5% which is more than all other counties in the metro area. The percentage of families with no one working is depicted in Figure 22. Grand Isle County shows it has a Families with No One Working of 16.3% which is the third most families with no one working of all other counties in the greater Grand Isle County region. The county with the highest families with no one working in the area is Clinton County which depicts a families with no worker of 22.4% (37.4% larger).

Grand Isle County Poverty Charts

The next section details economy analysis about poverty for residents of the Grand Isle County 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. Grand Isle County depicts it has a Total In Poverty of 524 which is the smallest as measured by total people earning less than the poverty level of all the other counties in the area. The county with the highest total people earning less than the poverty level in the area is Chittenden County which depicts a total people earning less than the poverty level of 18,473 ( 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. Grand Isle County depicts it has a Percent of Population In Poverty of 7.5% which is the smallest when ranked by percent of people earning less than the poverty level of all the other counties in the local area. The county with the highest percent of people earning less than the poverty level in the area is Clinton County which shows a percent of people in poverty of 15.0% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Grand Isle County has the largest proportion of person in poverty under 12 years at 14% of the total and is ranked #1. Second, it has the smallest proportion of person in poverty 12 to 17 years at 17% of the total. Third, it has the largest proportion of person in poverty 18 to 34 years at 29% of the total and is ranked #1. Also, it has the largest proportion of person in poverty 35 to 54 years at 18% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Grand Isle County has the smallest proportion of married with children and in poverty at 23% of the total. Second, it has the second smallest when sorted by married with children and in poverty of all the other counties in the area when ranked by unmarried with children and in poverty at 26% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Grand Isle County has the smallest proportion of less than highschool in poverty at 7% 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. Grand Isle County has the smallest proportion of people who are in poverty and employed at 2.7% of the total. Second, it has the smallest proportion of people who are in poverty and unemployed at 13.9% of the total. 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.) Grand Isle County depicts it has a Public Assistance Percent of 9.2% which is the smallest in order of households with public assistance of all the other counties in the greater region. The county with the highest households with public assistance in the area is Clinton County which shows a households with public assistance of 18.4% (about twice as large).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Grand Isle County shows it has a Gini Index of 44.4% which is the third most the gini index of all other counties in the greater Grand Isle County region.

Grand Isle County Work Commute Charts

The following set of charts detail a variety of metrics that have economic impact, economic grow factors and economic development metrics in the Grand Isle County community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 32 shows a high level view of how the population commutes to work (including the percent of people who work from home.) Grand Isle County has the smallest proportion of people who take public transportation to work at 2% of the total. Second, it has the largest proportion of people who bicycle or walk to work at 9% of the total and is ranked #1. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Grand Isle County or elsewhere.) Grand Isle County has the largest proportion of people who carpooled at 10% of the total and is ranked #1. Second, it has the largest proportion of people who take Light rail, streetcar or trolley at 0% of the total and is ranked #1. Third, it has the smallest proportion of people who walked at 2% of the total. Also, it has the smallest proportion of people who took a taxicab, motorcycle or other at 0% of the total. In addition, it has the largest proportion of people who work from home at 9% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Grand Isle County has the largest proportion of people who leave for work between 12am to 5am at 5% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 630 am to 7am at 21% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 7am to 730am at 13% of the total. Also, it has the smallest proportion of people who leave for work between 830 am to 9am at 2% of the total. In addition, it has the smallest proportion of people who leave for work between 9am to 10am at 1% of the total. Furthermore, it has the smallest proportion of people who leave for work between 11am to 12noon at 4% of the total. Next it has the smallest proportion of people who leave for work between 12noon to 4pm at 3% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Grand Isle County has the smallest proportion of people with commute time of less than 5 minutesutes at 7% of the total. Second, it has the smallest proportion of people with commute time between 5 to 9 minutes at 4% of the total. Third, it has the smallest proportion of people with commute time between 10 to 14 minutes at 5% of the total. Also, it has the smallest proportion of people with commute time between 15 to 19 minutes at 8% of the total. In addition, it has the largest proportion of people with commute time between 25 to 29 minutes at 18% of the total and is ranked #1. Furthermore, it has the largest proportion of people with commute time between 30 to 34 minutes at 11% of the total and is ranked #1. Next it has the largest proportion of people with commute time between 35 to 39 minutes at 8% of the total and is ranked #1. Additionally, it has the largest proportion of people with commute time between 40 to 44 minutes at 16% of the total and is ranked #1.

The average commute time is shown in Figure 37. Grand Isle County shows it has a Avg Commute Time of 33 which is more than all other counties in the greater Grand Isle County region. Figure 38 shows the difference between male versus female commuting time. Grand Isle County shows average commute time in minutes for men 7.8% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Grand Isle County has the smallest proportion of no vehicle available at 14% of the total. Second, it has the second smallest in terms of no vehicle available of all the other counties in the metro area as measured by 1 vehicle available at 43% of the total. Third, it has the largest proportion of 2 vehicles available at 26% of the total and is ranked #1. Also, it has the largest proportion of 4 vehicles available at 8% of the total and is ranked #1. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Grand Isle County depicts it has a Work in city or place where live of 18% which is the smallest as measured by people who both work and live in the same city of all the other counties in the greater region. The county with the highest people who both work and live in the same city in the area is Essex County which shows a people who both work and live in the same city of 44% (approximately 2.5 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Grand Isle County is approximately half the size. Also, in contrast to the state of Vermont, people who both work and live in the same city of 40%, Grand Isle County is approximately half the size.

Grand Isle County 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. Grand Isle County depicts it has the hightest median earnings of $231,250 for the earnings-healthcare practitioners and tech occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Grand Isle County shows it has the hightest median earnings of $78,947 for the earnings-healthcare practitioners and tech occupations group. The table in Figure 48, shows Grand Isle County employment data in terms of job categories and salary data.

Grand Isle County 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. Grand Isle County depicts it has the hightest entrepreneurs of 47% 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. Grand Isle County shows it has the hightest entrepreneurs of 20% for the self employed in construction group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Grand Isle County shows it has a Self Employment Income of $37,155 which is the second most average annual self employment income of all the counties in the greater Grand Isle County region. The county with the highest average annual self employment income in the area is Lamoille County which shows an average annual self employment income of $38,560 (only about 3.8% larger). Comparing average annual self employment income to the United States average of $39,154, Grand Isle County is about 5.4% smaller. Also, benchmarked against the state of Vermont, average annual self employment income of $32,247, Grand Isle County is 15.2% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Grand Isle County depicts total number of self-employed men about twice as large as the total number of self-employed women.