Rutland town-VT Vermont Income Charts

This section shows the Rutland town-VT Vermont economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Rutland town-VT depicts it has a Median earnings of $69,920 which is more than all other places in the greater Rutland town-VT region. Comparing median earnings per worker to the United States average of $50,459, Rutland town-VT is 38.6% larger. Also, compared to the state of Vermont, median earnings per worker of $49,689, Rutland town-VT is 40.7% 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 $71,071 which is the second most median income of all the places in the greater Rutland town-VT region. The city with the highest median household income in the area is Wallingford CDP which depicts a median income of $80,667 (13.5% larger). Comparing median household income to the United States average of $64,994, Rutland town-VT is 9.4% larger. Also, versus the state of Vermont, median household income of $63,477, Rutland town-VT is 12.0% larger.

The next section examines a variety of different income statistics for the Rutland town-VT metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 less than most other places in the local area at 7.0% of the total. Second, it has the second smallest when sorted by median earnings of less than $10,000 of all the other places in the greater region when ranked by earnings between $10,000 and $14,999 at 5.6% of the total. Third, it has the second smallest when sorted by median earnings of less than $10,000 of all the other places in the local area when sorted by earnings between $15,000 and $19,999 at 24.1% of the total. Also, it has the largest proportion of earnings between $50,000 and $74,999 at 22.8% of the total and is ranked #1. In addition, it has the largest proportion of earnings between $75,000 and $99,999 at 8.5% 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 37.4 which is the second smallest when ranked by average hours of all the other places in the area. The city with the highest average hours in the area is West Rutland CDP which shows an average hours of 41.5 (11.0% 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 $35.95 which is ranked #1 of all places in the greater region. Comparing average hourly earnings to the United States average of $25.01, Rutland town-VT is 43.8% larger. Also, compared with the state of Vermont, average hourly earnings of $25.21, Rutland town-VT is 42.6% larger.

Figure 7 examines the number of self employed people in the Rutland town-VT metro area based on the number of people who reported any self employment income. Rutland town-VT shows it has a Self Employed of 9.0% which is in the center range of other places in the metro area. The city with the highest percentage of people self employed in the area is Wallingford CDP which depicts a percentage self employed of 19.0% (about twice as large).

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 $98,611 of the total and is ranked #1. Second, it has the largest proportion of median income-25 to 44 years at $107,626 of the total and is ranked #1. Third, it has one of the largest proportions of median income-45 to 64 years at $42,048 of the total and is ranked #2. The only larger city being West Rutland CDP with $43,750.

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 26.4% which is the largest of all places in the surrounding region.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has the largest proportion of overall family income at $98,125 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. Rutland town-VT shows it has the hightest cost of 119.4 for the cost of utilities aggregate.

Rutland town-VT 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 indicates that from January 2010 to before the Wuhan virus Pandemic the monthly unemployment rate went from 5.9% to 2.3% in March 2020. This represents a decrease in the monthly unemployment rate of 61.0%. Since that time, the monthly unemployment rate has gone to 1.9% This represents a decrease in the monthly unemployment rate of 17.4%. 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 January 2010 to before the Wuhan Coronavirus/COVID Pandemic the monthly labor force participation went from 606 to 567 in March 2020. This represents a decrease in the monthly labor force participation of 6.4%. Since that time, the monthly labor force participation has gone to 522 This represents a decrease in the monthly labor force participation of 7.9%.

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 Rutland town-VT shows it has a Unemployment Rate of 1.6% which is less than most other places in the metro area. The city with the highest unemployment rate in the area is Pittsford CDP which depicts a rate of 4.8% (approximately 2.9 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Rutland town-VT shows it has a Labor Force Participation of 57.1% which is less than most other places in the local area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Rutland town-VT depicts full time employees approximately 2.7 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 Rutland town-VT area. Rutland town-VT depicts it has a Single Earner Families of 20.8% which is the second smallest in order of families with a single earner of all the other places in the greater region. The city with the highest families with a single earner in the area is Castleton CDP which shows a single earners rate of 90.9% (approximately 4.4 times bigger). The percentage of families with no one working is depicted in Figure 22. Rutland town-VT shows it has a Families with No One Working of 18.1% which is the third most of all other places in the metro area. The city with the highest families with no one working in the area is West Rutland CDP which indicates a families with no worker of 25.2% (39.1% larger).

Rutland town-VT Vermont Poverty Charts

The next section details economy analysis about poverty for residents of the Rutland town-VT 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. Rutland town-VT shows it has a Total In Poverty of 470 which is the second most of all the places in the local area. The city with the highest total people earning less than the poverty level in the area is Rutland city-VT which shows a total people earning less than the poverty level of 1,901 (approximately 4.0 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Rutland town-VT depicts it has a Percent of Population In Poverty of 11.4% which is in the middle range of other places in the metro area. The city with the highest percent of people earning less than the poverty level in the area is Castleton CDP which shows a percent of people in poverty of 40.4% (approximately 3.5 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Rutland town-VT has the percentage of person in poverty 12 to 17 years less than most other places in the greater region at 15% of the total. Second, it has one of the largest proportions of person in poverty 35 to 54 years at 20% of the total and is ranked #2. The only larger city being Pittsford CDP with 34%. Third, it has in the center range of other places in the metro area as measured by person in poverty 55 to 64 years at 13% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Rutland town-VT has one of the largest proportions of highschool graduate and in poverty at 20% of the total and is ranked #3. Only #2 Pittsford CDP (27%), and #1 Castleton CDP (32%) are larger. Second, it has one of the largest proportions of has some college and in poverty at 6% of the total and is ranked #3. Only #2 Pittsford CDP (23%), and #1 Castleton CDP (39%) are larger. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Rutland town-VT has one of the largest proportions of people who are in poverty and unemployed at 36.0% of the total and is ranked #2. The only larger city being Wallingford CDP with 36.8%. 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.) Rutland town-VT depicts it has a Public Assistance Percent of 8.0% which is less than most other places in the greater region. The city with the highest households with public assistance in the area is Wallingford CDP which shows a households with public assistance of 25.1% (approximately 3.1 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Rutland town-VT shows it has a Gini Index of 42.3% which is the third most the gini index of all other places in the greater Rutland town-VT region.

Rutland town-VT Vermont Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Rutland town-VT or elsewhere.) Rutland town-VT has one of the largest proportions of people who drove alone at 89% of the total and is ranked #3. Only #2 West Rutland CDP (92%), and #1 Wallingford CDP (97%) are larger. Second, it has the largest proportion of people who take a Subway or elevated rail at 0% of the total and is ranked #1. Third, it has the second smallest as measured by people who drove alone of all the other places in the metro area in order of people who work from home at 2% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Rutland town-VT has the percentage of people who leave for work between 12am to 5am in the mid range of other places in the greater region at 0% of the total. Second, it has the largest proportion of people who leave for work between 9am to 10am at 4% 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. Rutland town-VT has the largest proportion of people with commute time between 5 to 9 minutes at 29% of the total and is ranked #1. Second, it has in the mid point range of other places in the metro area as measured by people with commute time between 10 to 14 minutes at 27% of the total. Third, it has the smallest proportion of people with commute time between 25 to 29 minutes at 3% of the total.

The average commute time is shown in Figure 37. Rutland town-VT depicts it has a Avg Commute Time of 20 which is the third most average commute time of all other places in the greater Rutland town-VT region. Figure 38 shows the difference between male versus female commuting time. Rutland town-VT shows average commute time in minutes for men 73.2% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Rutland town-VT has the percentage of no vehicle available the second smallest in terms of no vehicle available of all the other places in the area at 11% of the total. Second, it has one of the largest proportions of 1 vehicle available at 59% of the total and is ranked #3. Only #2 Pittsford CDP (63%), and #1 Castleton CDP (77%) are larger. Third, it has the largest proportion of 4 vehicles available at 5% of the total and is ranked #1.

Rutland town-VT 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. Rutland town-VT shows it has the hightest median earnings of $98,486 for the earnings-education, legal, community service, arts, media occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Rutland town-VT shows it has the hightest median earnings of $80,505 for the earnings-healthcare practitioners and tech occupations classification. The table in Figure 48, shows Rutland town-VT employment data in terms of job categories and salary data.

Rutland town-VT 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. Rutland town-VT depicts it has the hightest entrepreneurs of 78% for the self employed management, business, science, and arts businesses grouping.

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. Rutland town-VT depicts it has the hightest entrepreneurs of 67% for the self employed in professional, scientific, management, administrative services group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Rutland town-VT depicts it has a Self Employment Income of $52,298 which is the second most average annual self employment income of all the places in the greater Rutland town-VT region. The city with the highest average annual self employment income in the area is Wallingford CDP which depicts an average annual self employment income of $62,928 (20.3% larger). Comparing average annual self employment income to the United States average of $40,101, Rutland town-VT is 30.4% larger. Also, in comparison with the state of Vermont, average annual self employment income of $32,178, Rutland town-VT is 62.5% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Rutland town-VT depicts total number of self-employed men approximately 3.6 times bigger as the total number of self-employed women.