Wages aren't keeping up with costs in Vermont, according to report

Jan 9, 2025 · The wage/cost gap is a key finding of Public Assets' State of Working Vermont 2024, a report the organization released this week. Public Assets analyzed U.S. Census and other data, including costs ...

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State Of Working Vermont 2024 - Publicassets.org

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Jan 6, 2025 · The minimum wage in Vermont was $13.67 in 2024 and increased to $14.01 on January 1, 2025; the tipped minimum wage is half the standard minimum wage. Vermont …

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Recent Report Shows Vermont's Minimum Wage Lagging Behind …

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4 days ago · A full-time minimum wage worker comes up $10,000 short on expenses every year. The new minimum wage in Vermont of $14.01 an hour, as of Jan. 1, 2025, leaves a full-time …

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Report: VT’s Minimum Wage Lags Behind Livable Wage

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2 days ago · A full-time minimum wage worker comes up $10,000 short on expenses every year. The new minimum wage in Vermont of $14.01 an hour, as of Jan. 1, 2025, leaves a full-time …

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Most Of Vermont's Workers Made Less Than The State Average …

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Jul 24, 2024 · The smallest annual increase was in Essex County where the annual average wage went from $46,651 to $47,479, a 1.8% increase. No county in Vermont had an annual …

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Blame Wages, Not Inflation, If Vermont Is ‘unaffordable’

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Dec 20, 2022 · Low wages, more than high prices, continued to stymie Vermonters struggling to make ends meet. In 2021 Vermont’s average annual wage of $56,296 was 83 percent of the …

publicassets.org

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Report: Vermont Wages Fall Well Below Rental Housing Market Prices

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Jul 15, 2021 · To rent a two-bedroom apartment, a full-time Vermont worker would have to earn $23.68 an hour, or $49,258 annually, according to the report.. In contrast, the report adds, the …

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Vermont Wages Well Behind Cost Of Rent, National Study Details

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Jul 18, 2021 · Vermont’s full-time workers need to earn $23.68 an hour, or $49,258 annually, to afford a two-bedroom apartment at fair market rent, according to a study issued Wednesday …

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Blame Wages, Not Inflation, If Vermont Is ‘unaffordable’

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Dec 27, 2022 · Low wages, more than high prices, continued to stymie Vermonters struggling to make ends meet. In 2021 Vermont’s average annual wage of $56,296 was 83 percent of the …

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8 New Vermont Laws That Take Effect Jan. 1, 2025 | Vermont Public

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Dec 26, 2024 · The Global Warming Solutions Act requires Vermont to hit emissions-reduction milestones in 2025, 2030 and 2050. And the deadline for the first target — a 26% reduction in …

vermontpublic.org

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Why Some Vermont Restaurants Are Rethinking Tips, Worker Pay

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Aug 19, 2021 · The Farmhouse Group now pays all of its nearly 200 employees at least the minimum wage of $11.75 an hour, or roughly twice the $5.88 wage the state of Vermont allows …

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Affordable Housing Still Out Of Reach For Low-wage Workers

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Jul 14, 2021 · The federal minimum wage has remained at $7.25 an hour without an increase since 2009, not keeping pace with the high cost of rental housing. In no state, even those …

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FAQs about Wages aren't keeping up with costs in Vermont, according to report Coupon?

Do employers have to pay prevailing wage in Vermont?

Employers are required to pay their employees a prevailing wage rate pursuant to 29 V.S.A. § 161(b) when working on any project authorized or funded, in whole or part, by the State of Vermont Capital Construction Act and which costs more than $100,000 or is at least 50% funded by this Act and costs more than $200,000. ...

Is rental cost burden a problem in Vermont?

Leslie Black-Plumeau, research manager at the Vermont Housing Finance Agency, said that rental cost burden was a “significant concern” in people’s financial futures. “Your housing is unstable, and you’re a lot more likely to experience housing instability, eviction, homelessness,” she said. ...

Are women more likely to work in Vermont?

Among full-time, year-round workers, male Vermonters earned 13% more than female Vermonters in the last five years, down from 18% in the previous five years, according to the Census. Women — especially when parenting children under 18 years old — were also less likely to participate in the labor force. ...

How has Vermont's economy changed over the past 5 years?

That’s a roughly 25% increase over the previous five-year period, or an 11% increase when adjusting for inflation, which in recent years reached record highs. Earnings for working Vermonters also rose 12% over that time period, accounting for inflation. ...

How much money do Vermonters make a year?

But a closer look at statistics on housing, income inequality and the labor force paint a more complicated picture. According to the Census’ American Community Survey, Vermonters pocketed a median annual household income of $72,431 from 2017 to 2021. The survey combines multiple years of data to provide more accurate estimates. ...

Are Vermonters 'cost-burdened'?

And Census data suggests that many Vermonters have struggled to afford their housing expenses. Federal estimates label renters as “cost-burdened” if they spend more than a third of their income on housing. From 2017 to 2021, about half of Vermonters fell into that category, roughly the same as in previous years, despite the state’s rising incomes. ...