Median Adjusted Gross Income for Vermont
This dataset tracks median adjusted gross income for vermont over time.
Latest Value
52500.00
Year-over-Year Change
50.24%
Date Range
1/1/1989 - 1/1/2022
Summary
The Median Adjusted Gross Income for Vermont tracks the median income level reported on Vermont tax returns. This metric provides insight into the economic well-being and purchasing power of Vermont residents.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Median Adjusted Gross Income for Vermont represents the midpoint income level where half of Vermont tax filers report a higher income and half report a lower income. It is a key indicator of the typical standard of living and financial health in the state.
Methodology
This data is collected annually by the U.S. Census Bureau from Vermont state tax return filings.
Historical Context
Policymakers and economists analyze this trend to understand income distribution and assess the economic conditions facing Vermont households.
Key Facts
- Vermont's median adjusted gross income was $50,052 in the most recent year.
- Incomes in Vermont are typically higher than the national median.
- Median incomes in Vermont have grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Median Adjusted Gross Income for Vermont measures the midpoint income level reported on Vermont tax returns. It provides a snapshot of the typical household's financial standing in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insight into the economic well-being of Vermont residents and can inform policy decisions and business strategies targeted at the typical Vermont household.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data annually from Vermont state tax return filings.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand income distribution and assess the financial conditions facing Vermont households, which can inform decisions around taxation, social programs, and economic development initiatives.
Q: Are there update delays or limitations?
A: This data is published annually with a lag of approximately one year, so the most recent figure may not reflect the current economic climate.
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Citation
U.S. Federal Reserve, Median Adjusted Gross Income for Vermont (MEDAGIVT50A052NCEN), retrieved from FRED.