Vermont Employment Statistics

  • 25,687 employers
  • 310,144 employees
  • $916 average weekly wage
  • The average weekly wage is 16.8% below the national average
  • The cost of living is 18.7% above the national average

Types of Employers (Private Sector vs Government Agency)

As an employer in Vermont, you are most likely to be running a private company rather than a government agency. 94.2% of employers run private companies in the state, 2.8% less than the national average of 97.0. The remaining 5.8% of employers are government agencies: 1.7% work in a federal agency, 1.0% work for the state and 3.1% work for local government. The chart below illustrates the breakout of employers by type.
82.9% of employees work for a private company. This is 2.4% below the national average of 85.2%. Local government agencies employ 9.6% of the workers in the state, state government agencies employ 5.2% of the workers and the federal government employs 2.3%. The percentage of employees working for a government agency (17.1%) is 2.4% higher than the national average. The chart below illustrates the breakout of employees by type of employer.
The average weekly wage in Vermont is $916 per week, which is 16.8% greater than the national average of $1,101 per week. Vermont workers that are employed by private businesses earn $897 per week, 18.5% lower than the national average for private company employees. Employees of federal government agencies in Vermont earn $1,512 per week, a premium of 68.6% compared to what employees of private companies earn. The chart below illustrates the average weekly by type of employer.


Leading Sectors

Businesses by Sector

The sector with the greatest number of businesses in the state is Professional services with 14.1% of the businesses in the state. Retail trade (11.7%) and Construction (11.2%) round out the top 3 sectors.
Table: Sectors by # of Businesses
Sector# Businesses% of Bus.
Professional services3,62414.1%
Retail trade2,99911.7%
Construction2,88611.2%
Healthcare1,9797.7%
Other services1,9557.6%
Waste services1,9307.5%
Accommodation and food services1,8367.1%
Wholesale trade1,4705.7%
Manufacturing1,1094.3%
Finance and insurance9713.8%
Real estate and rental7242.8%
Transport and warehousing5662.2%
Information5062.0%
Agriculture and forestry4901.9%
Educational services4831.9%
Arts and entertainment4431.7%
Company management1150.4%
Utilities590.2%
Mining and oil extraction570.2%


Employees by Sector

The sector with the greatest number of employees in the state is Healthcare with 16.9% of the employees in the state. Retail trade (12.1%) and Accommodation and food services (10.5%) round out the top 3 sectors.
Table: Sectors by # of Employees
Sector# Employees% of Emp'
Healthcare52,31016.9%
Retail trade37,51612.1%
Accommodation and food services32,68110.5%
Manufacturing29,8269.6%
Construction15,2554.9%
Professional services14,6404.7%
Waste services12,3014.0%
Educational services10,2973.3%
Wholesale trade9,0332.9%
Other services8,7472.8%
Finance and insurance8,7442.8%
Transport and warehousing6,6502.1%
Arts and entertainment4,4781.4%
Information4,2801.4%
Agriculture and forestry3,3051.1%
Real estate and rental3,0411.0%
Company management2,0160.7%
Utilities1,2440.4%
Mining and oil extraction6110.2%


Average Weekly Wage by Sector

The sector that pays their employees the highest is Utilities paying $2,115per week compared with the state average of $897. Company management ($1,775) and Finance and insurance ($1,570) round out the top 3 sectors.
Table: Wages by Sector
SectorWkly Wagevs St Avg.
Utilities$2,115235.8%
Company management$1,775197.9%
Finance and insurance$1,570175.0%
Professional services$1,544172.1%
Wholesale trade$1,249139.2%
Mining and oil extraction$1,194133.1%
Information$1,150128.2%
Manufacturing$1,141127.2%
Construction$983109.6%
Educational services$919102.5%
Healthcare$89499.7%
Real estate and rental$86396.2%
Transport and warehousing$81590.9%
Waste services$81090.3%
Other services$69877.8%
Agriculture and forestry$66073.6%
Retail trade$61068.0%
Arts and entertainment$48854.4%
Accommodation and food services$43948.9%


Leading Industries

Businesses by Industry

Each broad sector is made up of specific industries. In Vermont. the industry with the most businesses is Restaurants and other eating places with 4.5% of the businesses in the state (with 1,164 employing 17,714 workers). Computer systems design and related services (3.7%) and Residential building construction (3.2%) round out the top 3 industries. The Top 10 Industries in the state are:
Industry# BusinessesEmp/Biz
Restaurants and other eating places1,16415.2
Computer systems design and related services9544.3
Residential building construction8223.4
Management consulting services5802.2
Landscaping services5183.9
Gasoline stations with convenience stores3849.5
Private households3741.5
Accounting and bookkeeping services3474.0
Automotive mechanical and electrical repair3433.9
Site preparation contractors3275.7


Employees by Industry

The industry with the greatest number of employees in the state is Restaurants and other eating places with 5.7% of the businesses in the state. The industry employs 17,714 in 1,164 businesses, there are 15.2 employees on average in each of these businesses. Hotels and motels except casino hotels (3.5%) and Supermarkets and other grocery stores (2.6%) round out the top 3 industries.
Table: Industries by # of Employees
Industry# EmpEmp/Biz
Restaurants and other eating places17,71415.2
Hotels and motels except casino hotels10,83046.3
Supermarkets and other grocery stores8,16438.7
Services for the elderly and disabled7,57443.8
Colleges and universities5,265119.7
Offices of physicians5,06516.7
Computer systems design and related services4,0904.3
Nursing care facilities skilled nursing3,73763.3
Gasoline stations with convenience stores3,6549.5
Outpatient mental health centers3,53665.5


Average Weekly Wage by Industry

The industry that pays their employees the most is Portfolio management, paying $4,038 compared with the state average of $897. Investment banking and securities dealing ($4,015) and Computer and software merchant wholesalers ($2,906) round out the top 3 industries.
Table: Wages by Industry
IndustryWkly Wage% of Avg
Portfolio management$4,038450.2
Investment banking and securities dealing$4,015447.6
Computer and software merchant wholesalers$2,906324.0
Securities brokerage$2,902323.5
Plastics materials merchant wholesalers$2,533282.4
Other chemicals merchant wholesalers$2,522281.2
Photographic equip. merchant wholesalers$2,455273.7
Nonscheduled air transportation$2,439271.9
Investment advice$2,397267.2
Medical equipment merchant wholesalers$2,386266.0


Company Size

Vermont Businesses by Size

The solopreneur company, has the most businesses in Vermont by far. 62.7% of all businesses in the state have fewer than 5 employees. The 23,394 small businesses in the state represent 96.7% of all private businesses. The national average is 92.6%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) The pie chart below illustrates the ratio of business sizes.

Vermont Employees by Business Size

The largest companies in the state represent 95.1% of all employees, which is 43.4% lower than the national average of 138.4%. Interestingly, the smallest companies in the state employ a higher percentage than the largest companies, this is not typical. The solopreneur (those that employ fewer than 5) companies employ 95.0% of all workers, which is 3.5% higher than the national average of 91.5%. All small companies, those employing fewer than 50 people, represent 547.6% of the labor force in the state, 2.5% less than the national average of 550.0%.

Vermont Avg Weekly Wages by Business Size

The smallest companies in Vermont (those with fewer than 5 employees) pay workers 2.4% more than the national average ($999 per week as compared to the national average of $975 per week). The largest companies in Vermont (those with more than 1,000 employees) pay 91.8% workers below the national average ($981 per week as compared to the national average of $1,882 per week).



Data Sources




About the Writer

This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.