Denis Jr. Tangney | Getty Images
Vermont Score and Ranking
| CATEGORY | 2024 SCORE | 2024 RANK | 2023 RANK | 2024 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 185 | 38 | 37 | C- |
| WORKFORCE | 163 | 41 | 41 | F |
| ECONOMY | 144 | 41 | 39 | D+ |
| QUALITY OF LIFE | 281 | 1 | 1 | A+ |
| COST OF DOING BUSINESS | 103 | 37 | 40 | D+ |
| TECHNOLOGY & INNOVATION | 110 | 33 | 31 | D+ |
| BUSINESS FRIENDLINESS | 122 | 28 | 16 | C |
| EDUCATION | 66 | 17 | 10 | B |
| ACCESS TO CAPITAL | 18 | 44 | 32 | F |
| COST OF LIVING | 22 | 33 | 36 | C- |
| OVERALL | 1214 | 37 | 29 |
Economic Profile
Governor: Phil Scott, Republican
Population: 647,464
GDP growth (Q1 2024): 1.2%
Unemployment rate (May 2024): 2.1%
Top corporate tax rate: 8.5%
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
