Vermont Score and Ranking
CATEGORY | 2023 SCORE | 2023 RANK | 2022 RANK | 2023 GRADE |
WORKFORCE | 184 | 41 | 50 | D |
INFRASTRUCTURE | 172 | 37 | 22 | D+ |
ECONOMY | 150 | 39 | 33 | D+ |
LIFE, HEALTH & INCLUSION | 327 | 1 | 1 | A+ |
COST OF DOING BUSINESS | 102 | 40 | 39 | D+ |
TECHNOLOGY & INNOVATION | 132 | 31 | 37 | C- |
BUSINESS FRIENDLINESS | 113 | 16 | 14 | B- |
EDUCATION | 77 | 10 | 8 | B+ |
ACCESS TO CAPITAL | 21 | 32 | 45 | D+ |
COST OF LIVING | 15 | 36 | 41 | D |
OVERALL | 1293 | 29 | 31 |
Economic Profile
Governor: Phil Scott, Republican
Population: 647,064
GDP growth (Q1 2023): 0.50%
Unemployment rate (May 2023): 2.10%
Top corporate tax rate: 8.50%
Top individual income tax rate: 8.75%
Gasoline tax: 50.54 cents/gallon
Bond rating (Moody's/S&P): Aa1, Stable/AA+, Stable
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 (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence