Vermont Employment Statistics
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.
- 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.
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.
Businesses by SectorThe 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.|
|Accommodation and food services||1,836||7.1%|
|Finance and insurance||971||3.8%|
|Real estate and rental||724||2.8%|
|Transport and warehousing||566||2.2%|
|Agriculture and forestry||490||1.9%|
|Arts and entertainment||443||1.7%|
|Mining and oil extraction||57||0.2%|
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'|
|Accommodation and food services||32,681||10.5%|
|Finance and insurance||8,744||2.8%|
|Transport and warehousing||6,650||2.1%|
|Arts and entertainment||4,478||1.4%|
|Agriculture and forestry||3,305||1.1%|
|Real estate and rental||3,041||1.0%|
|Mining and oil extraction||611||0.2%|
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
|Sector||Wkly Wage||vs St Avg.|
|Finance and insurance||$1,570||175.0%|
|Mining and oil extraction||$1,194||133.1%|
|Real estate and rental||$863||96.2%|
|Transport and warehousing||$815||90.9%|
|Agriculture and forestry||$660||73.6%|
|Arts and entertainment||$488||54.4%|
|Accommodation and food services||$439||48.9%|
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:
|Restaurants and other eating places||1,164||15.2|
|Computer systems design and related services||954||4.3|
|Residential building construction||822||3.4|
|Management consulting services||580||2.2|
|Gasoline stations with convenience stores||384||9.5|
|Accounting and bookkeeping services||347||4.0|
|Automotive mechanical and electrical repair||343||3.9|
|Site preparation contractors||327||5.7|
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
|Restaurants and other eating places||17,714||15.2|
|Hotels and motels except casino hotels||10,830||46.3|
|Supermarkets and other grocery stores||8,164||38.7|
|Services for the elderly and disabled||7,574||43.8|
|Colleges and universities||5,265||119.7|
|Offices of physicians||5,065||16.7|
|Computer systems design and related services||4,090||4.3|
|Nursing care facilities skilled nursing||3,737||63.3|
|Gasoline stations with convenience stores||3,654||9.5|
|Outpatient mental health centers||3,536||65.5|
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
|Industry||Wkly Wage||% of Avg|
|Investment banking and securities dealing||$4,015||447.6|
|Computer and software merchant wholesalers||$2,906||324.0|
|Plastics materials merchant wholesalers||$2,533||282.4|
|Other chemicals merchant wholesalers||$2,522||281.2|
|Photographic equip. merchant wholesalers||$2,455||273.7|
|Nonscheduled air transportation||$2,439||271.9|
|Medical equipment merchant wholesalers||$2,386||266.0|
Vermont Businesses by Size
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).
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.