#13
Vermont
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State Facts
Minimum Wage
$10.50
Average Renter Wage
$12.85
2-Bedroom Housing Wage
$22.40
Number of Renter Households
75,203
Percent Renters
29%
Affordable Rent for Low Income Households
Fair Market Rent
Working at
minimum wage
$10.50/hr
Each week you
have to work
68HOURS!
To afford a modest
1 bedroom
rental home at
Fair Market Rent
Compare Jurisdictions
| Number of Households | Vermont | Addison County |
|---|---|---|
| Total | 255,955 | 14,429 |
| Renter | 75,203 | 3,858 |
| Percent Renters | 29% | 27% |
| Housing Wage | Vermont | Addison County |
|---|---|---|
| Zero-Bedroom | $15.70 | $15.08 |
| One-Bedroom | $17.84 | $16.73 |
| Two-Bedroom | $22.40 | $19.63 |
| Three-Bedroom | $29.38 | $25.29 |
| Four-Bedroom | $32.60 | $30.38 |
| Fair Market Rent | Vermont | Addison County |
|---|---|---|
| Zero-Bedroom | $816 | $784 |
| One-Bedroom | $928 | $870 |
| Two-Bedroom | $1,165 | $1,021 |
| Three-Bedroom | $1,528 | $1,315 |
| Four-Bedroom | $1,695 | $1,580 |
| Annual Income Needed to Afford | Vermont | Addison County |
|---|---|---|
| Zero-Bedroom | $32,655 | $31,360 |
| One-Bedroom | $37,116 | $34,800 |
| Two-Bedroom | $46,585 | $40,840 |
| Three-Bedroom | $61,109 | $52,600 |
| Four-Bedroom | $67,811 | $63,200 |
| Minimum Wage | Vermont | Addison County |
|---|---|---|
| Minimum Wage | $10.50 | $10.50 |
| Rent Affordable at Minimum Wage | $546 | $546 |
| Work Hours/Week at Minimum Wage | Vermont | Addison County |
|---|---|---|
| Zero-Bedroom | 60 | 57 |
| One-Bedroom | 68 | 64 |
| Two-Bedroom | 85 | 75 |
| Three-Bedroom | 112 | 96 |
| Four-Bedroom | 124 | 116 |
| Renter Wage | Vermont | Addison County |
|---|---|---|
| Estimated Mean Renter Wage | $12.85 | $14.20 |
| Rent Affordable at Mean Renter Wage | $668 | $738 |
| Work Hours/Week at Mean Renter Wage | Vermont | Addison County |
|---|---|---|
| Zero-Bedroom | 49 | 42 |
| One-Bedroom | 56 | 47 |
| Two-Bedroom | 70 | 55 |
| Three-Bedroom | 91 | 71 |
| Four-Bedroom | 101 | 86 |
| Supplemental Security Income (SSI) Payment | Vermont | Addison County |
|---|---|---|
| SSI Monthly Payment | $802 | $802 |
| Rent Affordable to SSI Recipient | $241 | $241 |
| Income Levels | Vermont | Addison County |
|---|---|---|
| 30% of Area Median Income (AMI) | $23,053 | $22,740 |
| Estimated Renter Median Household Income | $34,782 | $39,487 |
| Rent Affordable at Different Income Levels | Vermont | Addison County |
|---|---|---|
| 30% of Area Median Income (AMI) | $576 | $569 |
| Estimated Renter Median Household Income | $870 | $987 |
*50th percentile FMR area (See Appendix B of full book for more information).
†Renter wage data not available.
Interested in learning more about how these numbers are calculated? Download a guide on how to use the numbers and where the numbers come from. Or Contact Us for more information.
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