Denis Jr. Tangney | Getty Images
Vermont Score and Ranking
| CATEGORYÂ | 2022 SCOREÂ | 2022 RANK | 2021 RANKÂ | 2022 GRADEÂ |
|---|---|---|---|---|
| WORKFORCE | 131 | 50 | 50 | F |
| INFRASTRUCTURE | 200 | 22 | 46 | C |
| COST OF DOING BUSINESS | 135 | 39 | 38 | C- |
| ECONOMY | 149 | 33 | 49 | D+ |
| LIFE, HEALTH & INCLUSION | 308 | 1 | 1 | A+ |
| TECHNOLOGY & INNOVATION | 94 | 37 | 26 | D |
| BUSINESS FRIENDLINESS | 129 | 14 | 33 | B |
| EDUCATION | 109 | 8 | 5 | B+ |
| ACCESS TO CAPITAL | 12 | 45 | 31 | F |
| COST OF LIVING | 10 | 41 | 40 | D- |
| OVERALL | 1277 | 31 | 42 |
Economic Profile
Governor: Phil Scott, Republican
Population: 645,570
GDP growth (Q1 2022): 0.7%
Unemployment rate (May 2022): 2.3%
Top corporate tax rate: 8.5%
Top individual income tax rate: 8.75%
Gasoline tax: 32.14 cents/gallon
Bond rating (Moody's/S&P): Aa1, stable/AA+, negative
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
Correction: Vermont ranked 46th in Infrastructure and 50th in Workforce in 2021. An earlier version of this state profile page misstated those rankings.
