Vermont

#18

Vermont

State Facts

Minimum Wage $14.42
2-Bedroom Housing Wage $32.38
Number of Renter Households 73,337
Number of Renter Households
Below 30% AMI
18,079
Percent of Renter Households
Below 30% AMI
24%
Number of Renter Households
Below 50% AMI
29,096
Percent of Renter Households
Below 50% AMI
39%

Affordable Rent for Low Income Households

Minimum Wage Worker

$750/mo

Household at 30% of Area Median Income

$829/mo

Household at 50% of Area Median Income

$1,382/mo

Fair Market Rent

1-Bedroom Fair Market Rent

$1,331/mo

2-Bedroom Fair Market Rent

$1,684/mo

Working at minimum wage $14.42/hr

Each week you have to work 71 hours

To afford a modest 1 bedroom rental home at Fair Market Rent

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Compare Jurisdictions

Vermont Vermont Non-metropolitan areas Burlington-South Burlington MSA
Number of Households
Total 273,416 178,857 94,559
Renter 73,337 42,728 30,609
Percent Renters 27% 24% 32%
Housing Wage
Zero-Bedroom $23.90 $20.39 $28.79
One-Bedroom $25.60 $21.20 $31.75
Two-Bedroom $32.38 $26.10 $41.15
Three-Bedroom $41.47 $33.36 $52.79
Four-Bedroom $44.47 $37.30 $54.48
Fair Market Rent
Zero-Bedroom $1,243 $1,060 $1,497
One-Bedroom $1,331 $1,102 $1,651
Two-Bedroom $1,684 $1,357 $2,140
Three-Bedroom $2,156 $1,735 $2,745
Four-Bedroom $2,313 $1,940 $2,833
Annual Income Needed to Afford
Zero-Bedroom $49,702 $42,411 $59,880
One-Bedroom $53,257 $44,099 $66,040
Two-Bedroom $67,351 $54,278 $85,600
Three-Bedroom $86,253 $69,385 $109,800
Four-Bedroom $92,504 $77,592 $113,320
Minimum Wage
Minimum Wage $14.42 $14.42 $14.42
Rent Affordable for a Full-Time Worker at Minimum Wage $750 $750 $750
Work Hours/Week at Minimum Wage
Zero-Bedroom 66 57 80
One-Bedroom 71 59 88
Two-Bedroom 90 72 114
Three-Bedroom 115 93 146
Four-Bedroom 123 103 151
Supplemental Security Income (SSI) Payment
SSI Monthly Payment $1,050 $1,050 $1,050
Rent affordable to SSI recipient $315 $315 $315
Income Levels
30% of Area Median Income (AMI) $33,170 $31,135 $37,020
50% of Area Median Income (AMI) $55,283 $51,891 $61,700
Median Renter Household Income $51,743 $45,718 $60,153
Rent Affordable at Different Income Levels
30% of Area Median Income (AMI) $829 $778 $926
50% of Area Median Income (AMI) $1,382 $1,297 $1,543
Median Renter Household Income $1,294 $1,143 $1,504

Median Wages for State’s Most Common Occupations

Occupation Total Employment Median Hourly Wage
Cashiers 7,030 $17.65
Fast Food and Counter Workers 6,830 $17.80
Stockers and Order Fillers 5,360 $18.35
Retail Salespersons 8,250 $18.48
Laborers and Freight, Stock, and Material Movers, Hand 3,060 $19.47
Janitors and Cleaners, Except Maids and Housekeeping Cleaners 5,130 $20.22
Home Health and Personal Care Aides 7,700 $20.56
Light Truck Drivers 2,050 $22.28
Cooks, Restaurant 2,360 $22.43
Bartenders 2,080 $22.46
Landscaping and Groundskeeping Workers 2,700 $22.85
Social and Human Service Assistants 1,920 $23.04
Nursing Assistants 3,030 $23.29
Customer Service Representatives 2,870 $23.48
Medical Secretaries and Administrative Assistants 2,390 $23.82
Office Clerks, General 5,100 $23.88
Secretaries and Administrative Assistants, Except Legal, Medical, and Executive 3,360 $24.18
First-Line Supervisors of Food Preparation and Serving Workers 1,970 $24.62
Housing Wage 1 Bedroom $25.60
Community and Social Service Specialists, All Other 2,850 $26.26
Bookkeeping, Accounting, and Auditing Clerks 2,950 $27.04
Maintenance and Repair Workers, General 2,610 $27.43
First-Line Supervisors of Retail Sales Workers 2,310 $27.56
All Occupations 303,890 $27.87
Waiters and Waitresses 4,040 $29.22
Heavy and Tractor-Trailer Truck Drivers 3,560 $30.06
Carpenters 3,080 $30.84
Housing Wage 2 Bedroom $32.38
Business Operations Specialists, All Other 2,440 $35.44
Accountants and Auditors 2,630 $38.99
Compliance Officers 1,960 $44.68
Registered Nurses 7,410 $48.17
General and Operations Managers 8,000 $48.74