Lamoille County Income Charts

This section shows the Lamoille 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, Lamoille County depicts it has a Median earnings of $44,338 which is less than most other counties in the local area. The county with the highest median earnings per worker in the area is Chittenden County which shows a median earnings of $53,657 (21.0% larger). Comparing median earnings per worker to the United States average of $49,041, Lamoille County is about 10.6% smaller. Also, compared to the state of Vermont, median earnings per worker of $47,949, Lamoille County is about 8.1% smaller.

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 $64,003 which is in the mid range of other counties in the metro area. The county with the highest median household income in the area is Chittenden County which shows a median income of $73,647 (15.1% larger). Comparing median household income to the United States average of $62,843, Lamoille County is only slightly larger. Also, in contrast to the state of Vermont, median household income of $61,973, Lamoille County is only about 3.3% larger.

The next section examines a variety of different income statistics for the Lamoille County metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 5.1% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 38.2 which is less than most other counties in the metro area. The county with the highest average hours in the area is Grand Isle County which depicts an average hours of 39.6 (only about 3.7% 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 $22.32 which is less than most other counties in the greater region. The county with the highest average hourly earnings in the area is Chittenden County which depicts an average hourly earnings of $27.74 (24.3% larger). Comparing average hourly earnings to the United States average of $24.31, Lamoille County is about 8.9% smaller. Also, compared to the state of Vermont, average hourly earnings of $24.33, Lamoille County is about 9.0% smaller.

Figure 7 examines the number of self employed people in the Lamoille County metro area based on the number of people who reported any self employment income. Lamoille County indicates it has a Self Employed of 17.7% which is at the top of all other counties in the greater Lamoille County region.

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years less than most other counties in the metro area at $65,096 of the total. Second, it has less than most other counties in the metro area when ranked by median income-25 to 44 years at $73,056 of the total. Third, it has one of the largest proportions of median income-45 to 64 years at $50,295 of the total and is ranked #3. Only #2 Grand Isle County ($52,601), and #1 Chittenden County ($54,772) are larger.

Figure 9 breaks down the source of income and Lamoille County has the largest proportion of self employment income at 17.7% 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 17.8% which is the smallest in order of households with retirement income of all the other counties in the area. The county with the highest households with retirement income in the area is Grand Isle County which depicts a households with retirement income of 26.6% (49.1% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the percentage of overall family income less than most other counties in the local area at $76,712 of the total. Second, it has one of the largest proportions of hawaiian family income at $85,972 of the total and is ranked #2. The only larger county being Grand Isle County with $104,464.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Lamoille County depicts it has the hightest cost of 119.4 for the cost of utilities grouping.

Lamoille 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 depicts that from February 2010 to before the disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 8.7% to 3.7% in February 2020. This represents a decrease in the monthly unemployment rate of 57.5%. Since that time, the monthly unemployment rate has gone to 3.9% This represents an increase in the monthly unemployment rate of 5.4%. 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 depicts that from February 2010 to before the Wuhan Coronavirus Pandemic the monthly labor force participation went from 14,534 to 13,887 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 12,374 This represents a decrease in the monthly labor force participation of 10.9%.

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 Lamoille County depicts it has a Unemployment Rate of 2.5% which is the second most unemployment rate of all the counties in the greater Lamoille County region. The county with the highest unemployment rate in the area is Grand Isle County which shows a rate of 2.7% (7.8% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Lamoille County shows it has a Labor Force Participation of 69.0% which is the second most participation rates of all the counties in the greater Lamoille County region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Lamoille County shows full time employees approximately 3.1 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 Lamoille County area. Lamoille County depicts it has a Single Earner Families of 23.0% which is in the mid range of other counties in the metropolitan area. The county with the highest families with a single earner in the area is Grand Isle County which depicts a single earners rate of 27.5% (19.9% larger). The percentage of families with no one working is depicted in Figure 22. Lamoille County depicts it has a Families with No One Working of 13.2% which is the second smallest in order of families with no one working of all the other counties in the metro area. The county with the highest families with no one working in the area is Orleans County which shows a families with no worker of 21.5% (62.3% larger).

Lamoille County Poverty Charts

The next section details economy analysis about poverty for residents of the Lamoille 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. Lamoille County shows it has a Total In Poverty of 3,359 which is the second smallest as measured by total people earning less than the poverty level of all the other counties in the metropolitan area. The county with the highest total people earning less than the poverty level in the area is Chittenden County which shows a total people earning less than the poverty level of 18,473 ( considerably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Lamoille County depicts it has a Percent of Population In Poverty of 13.6% which is the largest of all counties in the greater Lamoille County region.

In Figure 25 people who are in poverty are broken out by age group. Lamoille County has the smallest proportion of person in poverty under 12 years at 7% of the total. Second, it has one of the largest proportions of person in poverty 12 to 17 years at 36% of the total and is ranked #2. The only larger county being Chittenden County with 47%. Third, it has the second smallest in terms of person in poverty under 12 years of all the other counties in the local area in order of person in poverty 35 to 54 years at 8% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Lamoille County has one of the largest proportions of white poverty rate at 28% of the total and is ranked #2. The only larger county being Chittenden County with 33%. Second, it has one of the largest proportions of black poverty rate at 14% of the total and is ranked #3. Only #2 Washington County (44%), and #1 Caledonia County (52%) are larger. Third, it has one of the largest proportions of hawaiian poverty rate at 27% of the total and is ranked #2. The only larger county being Caledonia County with 38%.

Figure 27 shows key poverty statistics for groups based on marriage status. Lamoille County has the largest proportion of unmarried with children and in poverty at 48% of the total and is ranked #1. Second, it has the second smallest when sorted by married with children and in poverty of all the other counties in the local area when ranked by unmarried female with children and in poverty at 10% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Lamoille County has the largest proportion of highschool graduate and in poverty at 14% of the total and is ranked #1. 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.) Lamoille County depicts it has a Public Assistance Percent of 11.5% which is less than most other counties in the area. The county with the highest households with public assistance in the area is Orleans County which depicts a households with public assistance of 17.6% (53.8% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Lamoille County depicts it has a Gini Index of 48.8% which is more than all other counties in the greater Lamoille County region.

Lamoille County Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Lamoille County or elsewhere.) Lamoille County has the largest proportion of people who take a Subway or elevated rail at 0% of the total and is ranked #1. Second, it has the largest proportion of people who took a taxicab, motorcycle or other at 2% 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. Lamoille County has one of the largest proportions of people with commute time of less than 5 minutesutes at 13% of the total and is ranked #2. The only larger county being Orleans County with 14%. Second, it has the largest proportion of people with commute time between 45 to 59 minutes at 9% of the total and is ranked #1.

The average commute time is shown in Figure 37. Lamoille County depicts it has a Avg Commute Time of 25 which is the third most of all other counties in the metro area. Figure 38 shows the difference between male versus female commuting time. Lamoille County depicts average commute time in minutes for men 22.5% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Lamoille County has the percentage of no vehicle available less than most other counties in the area at 17% of the total. Second, it has the smallest proportion of 4 vehicles available at 2% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Lamoille County depicts it has a Work in city or place where live of 30% which is less than most 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 Caledonia County which shows a people who both work and live in the same city of 43% (41.7% larger). Comparing people who both work and live in the same city to the United States average of 42%, Lamoille County is approximately three-fourths the size. Also, in contrast to the state of Vermont, people who both work and live in the same city of 40%, Lamoille County is approximately three-fourths the size.

Lamoille 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. Lamoille County shows it has the hightest median earnings of $202,000 for the earnings-healthcare practitioners and tech occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Lamoille County depicts it has the hightest median earnings of $68,958 for the earnings-healthcare practitioners and tech occupations grouping. The table in Figure 48, shows Lamoille County employment data in terms of job categories and salary data.

Lamoille 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. Lamoille County shows it has the hightest entrepreneurs of 45% for the self employed management, business, science, and arts businesses group.

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. Lamoille County indicates it has the hightest entrepreneurs of 26% for the self employed in professional, scientific, management, administrative services category.

In Figure 51 the average annual self employment/entrepreneur income is shown. Lamoille County depicts it has a Self Employment Income of $38,560 which is the largest of all counties in the surrounding region. Comparing average annual self employment income to the United States average of $39,154, Lamoille County is about the same size. Also, measured against the state of Vermont, average annual self employment income of $32,247, Lamoille County is 19.6% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Lamoille County depicts total number of self-employed men 30.7% larger as the total number of self-employed women.