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STUDY: Vermont Family Income Rose in 2012

According to a Vermont Economy Newsletter, the median income of Vermont tax filers rose in 2012 to $70,573.
WESTFORD, Vt. - According to a Vermont Economy Newsletter, the median income of Vermont tax filers rose in 2012 to $70,573. That was up by 0.8% from the previous year.

“The increase in median income, although small, was welcome,” said Art Woolf, co-author of the study and editor of The Vermont Economy Newsletter. “The sluggish economic growth since the end of the recession has constrained income growth for average Vermonters.”

Woolf and co-author Richard Heaps forecast that when the 2013 numbers are released, at the end of this year, they will show continued growth in median family income.


The study found that 50% of families earn more than the median and 50% earn less.
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