51 Vermont Business Stats & Facts For 2025

Here are 51 business stats about Vermont for 2025.

Basics:

Population: 647,464 (US Census 2020)
Population desnity per square mile: 69.80
GDP: $43,130 (millions USD)
GDP Per Capita: $67,006
Median household income (in 2022 dollars): $74,014
Real GDP Growth Rate: 1.30%
Total Employment: 374.7k
Unemployment Rate: 2.6%

Rankings

% Share of National Economy: 0.16%
State Economic Growth Rank (out of 50): 41
Population Growth Rank (out of 50): 13
Business Growth Rank (out of 50): 39
State Growth Rank in Employment (out of 50): 36

Biggest Industries In Vermont By Revenue

1. Hospitals: $3.2b
2. Life Insurance & Annuities: $3.0b
3. Tourism: $3.0b
4. Public Schools: $2.8b
5. New Car Dealers: $2.8b
6. Gas Stations with Convenience Stores: $2.8b
7. Supermarkets & Grocery Stores: $2.6b
8. Drug, Cosmetic & Toiletry Wholesaling: $2.4b
9. Soft Drink, Baked Goods & Other Grocery Wholesaling: $2.2b
10. Colleges & Universities: $2.0b

Biggest Employers In Vermont

1. The University of Vermont Medical Center: 8,800 (2.3%)
2. University of Vermont: 4,125 (1.1%)
3. Dartmouth Hitchcock Medical Center and Clinics: 2,400 (0.6%)
4. United States Postal Service: 1,637 (0.4%)
5. Rutland Medical Center: 1,600 (0.4%)
6. Walmart Inc.: 1,276 (0.3%)
7. General Electric Company: 1,100 (0.3%)
8. Community College of Vermont: 1,028 (0.3%)
9. Powdr Corp.: 800 (0.2%)
10. The Home Depot, Inc.: 658 (0.2%)

Small Businesses In Vermont

Number of Small Businesses 76,878
Percent of bossiness that are small businesses: 99.00%
Number of employees: 155,960
Share of Employment: 60.40%
Number of New Businesses In The Past Year: 4,221
Number of Businesses That Closed In The Past Year: 2,236
Net Change In New Businesses: 1,985

Number of Businesses With No Employees: 60,189
Number of Businesses with 1-19 Employees: 14,836
Number of Businesses with 20-499 Employees: 1,853
Share of Businesses Owned By Women: 43.10%
Share of Businesses Owned By Veterans: 7.00%
Share of Hispanic Owned Businesses: 1.50%
Share of Businesses Owned By Racial Minorities: 2.50%

Fortune 500 Companies In Vermont

Number of Fortune 500 Headquaters: N/A
Biggest Company: N/A
Biggest Company Type: N/A
Number of Employees: N/A
Revenue (in millions): N/A

Taxes In Vermont

State Corporate Tax Rate:

• 6.00%
• 7.00%
• 8.50%

State Corporate Tax Rate Brackets:

• $0
• $10,000
• $25,000

State Sales Tax Rate: 6.00%
State Sales Tax Rank (out of 50): 17
Average Local Sales Tax Rate: 0.36%
Max Local Sales Tax Rate: 1.00%
Average Combined Sales Tax Rate: 6.36%
Combined Sales Tax Rank (out of 50): 32

Minimum State Income Tax Rate If You’re Single: 3.00%
Minimum State Income Tax Rate If You’re Married: 3.00%

General Vermont Population Facts

In civilian labor force, total, percent of population age 16 years+: 64.70%
In civilian labor force, female, percent of population age 16 years+: 62.30%
Share of population which is foreign born: 4.40%
Mean travel time to work (minutes), workers age 16 years+: 23.3

Housing

Number of Housing Units: 341,375
Owner-occupied housing unit rate: 72.70%
Median value of owner-occupied housing units: $272,400
Median gross rent per month: $1,149
Households with a computer: 93.30%
Households with a broadband Internet subscription: 86.10%

Education

High school graduate or higher, percent of persons age 25 years+: 94.20%
Bachelor’s degree or higher, percent of persons age 25 years+: 41.70%

Also See

• Vermont Registered Agent Services
• Vermont Secretary of State Business Search
• How To Form an LLC In Vermont
• Vermont Bookkeepers & Bookkeeping Services

Sources

• https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP
• https://en.wikipedia.org/wiki/Economy_of_Vermont
• https://www.ibisworld.com/united-states/economic-profiles/vermont/
• https://taxfoundation.org/data/all/state/2024-sales-taxes/
• https://taxfoundation.org/data/all/state/state-corporate-income-tax-rates-brackets-2024/
• https://taxfoundation.org/data/all/state/state-income-tax-rates-2024/
• https://advocacy.sba.gov/2023/11/14/2023-small-business-profiles-for-the-states-territories-and-nation/
• https://advocacy.sba.gov/wp-content/uploads/2023/11/2023-Small-Business-Economic-Profile-VT.pdf
• https://www.bls.gov/eag/
• https://www.bls.gov/regions/northeast/vermont.htm#eag
• https://www.census.gov/quickfacts/fact/table/VT,US/PST045223
• https://www.50pros.com/fortune500