Richest Cities In Vermont For 2020


We analyzed 13 places in Vermont to determine where the 1% live.

Editor’s Note: Data has been updated for 2020. This is our fifth time ranking the richest cities in Vermont.

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Essex Junction, South Burlington, Montpelier: These cities aren't just some of the best places to live in Vermont. They are also home to some of the richest people in the Green Mountain State.

Essex Junction in particular houses the richest residents in the state thanks, in part, to a median household income of $75,439 and a ridiculously low poverty rate of 6.23070987654321%.

If you're thinking of moving to one of these towns, you'll probably need to start saving. The richest places in Vermont share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.

How did we come up with these mega wealthy cities? We analyzed Census data from the 2014-2018 American Community Survey for the 13 places in Vermont with more than 2,000 people.

For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Vermont.

Rich people not your cup of tea? Feel free to check out some more reading about Vermont:

The 10 Richest Cities In Vermont For 2020

Essex Junction, VT

Overall SnackAbility

7.5
/10

Population: 10,395
Rank Last Year: 2 (Up 1)
Median Income: $75,439
Unemployment Rate: 3.1%
Poverty Rate: 6.2%
More on Essex Junction: Real Estate | Data | Photos

Essex Junction is a village located within the town of Essex in Chittenden County, Vermont, United States. The population was 9,271 at the 2010 census. It was incorporated on November 15, 1892.

South Burlington, VT

Source: Public domain
Overall SnackAbility

8.5
/10

Population: 18,975
Rank Last Year: 1 (Down 1)
Median Income: $71,017
Unemployment Rate: 3.3%
Poverty Rate: 5.9%
More on South Burlington: Real Estate | Data | Photos

South Burlington is a city in Chittenden County, Vermont, United States. It is the second largest city in the U.S. state of Vermont and home to the headquarters of Ben & Jerry's and Vermont's largest mall, the University Mall. It is also one in the principal municipalities of the Burlington, Vermont metropolitan area.

Montpelier, VT

Overall SnackAbility

8.5
/10

Population: 7,547
Rank Last Year: 3 (No Change)
Median Income: $64,405
Unemployment Rate: 3.9%
Poverty Rate: 10.3%
More on Montpelier: Real Estate | Data | Photos

Montpelier is the capital city of the U.S. state of Vermont and the seat of Washington County. As the site of Vermont's state government, it is the least populous state capital in the United States. The population was 7,855 at the 2010 census. However, the daytime population swells to about 21,000, due to the large number of jobs within city limits. The Vermont College of Fine Arts and New England Culinary Institute are located in the municipality. It was named for Montpellier, France.

Vergennes, VT

Source: Public domain
Overall SnackAbility

8.5
/10

Population: 2,612
Rank Last Year: 5 (Up 1)
Median Income: $59,464
Unemployment Rate: 4.4%
Poverty Rate: 9.9%
More on Vergennes: Real Estate | Data | Photos

St. Albans, VT

Overall SnackAbility

6
/10

Population: 6,824
Rank Last Year: 6 (Up 1)
Median Income: $53,113
Unemployment Rate: 6.0%
Poverty Rate: 8.5%
More on St. Albans: Real Estate | Data | Photos

Rutland, VT

Overall SnackAbility

8
/10

Population: 15,577
Rank Last Year: 7 (Up 1)
Median Income: $45,229
Unemployment Rate: 4.1%
Poverty Rate: 14.1%
More on Rutland: Real Estate | Data | Photos

Bellows Falls, VT

Overall SnackAbility

8
/10

Population: 2,985
Rank Last Year: 10 (Up 3)
Median Income: $32,576
Unemployment Rate: 2.9%
Poverty Rate: 23.8%
More on Bellows Falls: Real Estate | Data | Photos

Burlington, VT

Overall SnackAbility

7.5
/10

Population: 42,513
Rank Last Year: 8 (No Change)
Median Income: $50,324
Unemployment Rate: 4.4%
Poverty Rate: 24.7%
More on Burlington: Real Estate | Data | Photos

Burlington is the most populous city in the U.S. state of Vermont and the seat of Chittenden County. It is located 45 miles south of the Canada-United States border and 94 miles south of Canada's second most populous municipality, Montreal. The city's population was 42,452 according to a 2015 U.S. census estimate. It is the least populous municipality in the United States to be the most populous incorporated area in a state.

Review Of Burlington by HomeSnacks User

Burlington Vermont is a nice small city on the coast of Lake Champlain. Nature is beautiful, great food scene and countless craft breweries to taste. Other than those things the city is missing more things to do, plus it is in need of updating everything. It is very dark at night so at intersections double check before driving through. Parks say they are smoke-free, but no one enforces that rule. The bike path is a cool thing but it needs to be modernized.

Skinny Pancake is a great restaurant located on the waterfront.

Morrisville, VT

Source: Public domain
Overall SnackAbility

5
/10

Population: 2,183
Rank Last Year: 9 (No Change)
Median Income: $42,583
Unemployment Rate: 5.7%
Poverty Rate: 12.6%
More on Morrisville: Real Estate | Data | Photos

Swanton, VT

Overall SnackAbility

4
/10

Population: 2,371
Rank Last Year: 4 (Down 6)
Median Income: $51,538
Unemployment Rate: 7.1%
Poverty Rate: 10.5%
More on Swanton: Real Estate | Data | Photos

How We Determined The Richest Places In Vermont For 2020

Map Of The Richest Places To Live In Vermont
The first thing that comes to most people's minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.

However, we don't believe that one statistic wholly encompasses what it means to be one of the "richest places". So we looked at this set of criteria from the newly released 2014-2018 American Community Survey:

  • Poverty Level
  • Median Household Income
  • Unemployment Rate

Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.

After we collected the data for all 13 places with more than 2,000 people in Vermont, we ranked each place from 1 to 13 for each of the criteria, with 1 being the richest.

We then averaged all the rankings for a place into a "Rich Score" with the place having the lowest overall Rich Score, Essex Junction, crowned the "Richest City In Vermont For 2020". You can download the data here.

You can learn more about the top ten below or skip to the end to see the rankings for all 13 places.

There You Have It - The Wealthiest Places In Vermont For 2020

Like we said earlier, when we set out to identify the richest places in Vermont, we weren't sure what we'd encounter, but it ended up being some of the best places to live in Vermont.

When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.

If you're curious enough, here are the poorest cities in Vermont, according to data:

Poorest: Winooski
2nd Poorest: Barre
3rd Poorest: Newport

For more Vermont reading, check out:

Detailed List Of The Richest Cities In Vermont

Rank City RichScore Median Income
1 Essex Junction 1.67 $75,439
2 South Burlington 2.0 $71,017
3 Montpelier 4.0 $64,405
4 Vergennes 4.67 $59,464
5 St. Albans 5.67 $53,113
6 Rutland 7.33 $45,229
7 Bellows Falls 8.0 $32,576
8 Burlington 8.33 $50,324
9 Morrisville 8.33 $42,583
10 Swanton 8.33 $51,538
11 Newport 10.67 $39,112
12 Barre 11.0 $39,187
13 Winooski 11.0 $49,663

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

One thought on “Richest Cities In Vermont For 2020

  1. I’m not sure if you noticed, but you have my home town, Bellows Falls, on both the “richest” and “poorest” list in Vermont, at the same time. Perhaps something fishy with your methodology?

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