Everything You Need to Know About the City of Burlington Vermont
In 2017, Burlington, VT had a population of 42.5k people with a median age of 26.7 and a median household income of $47,140 dollars. Between 2016 and 2017 the population of Burlington, VT declined from 42,556 to 42,453, a -0.242 percent decrease, and its median household income grew from $46,754 dollars to $47,140 dollars, a 0.826 percent increase.
The population of Burlington, Vermont is 82.7 percent White Alone, 6.25 percent Asian Alone, and 5.47 percent Black or African American Alone. N/A% of the people in Burlington, VT speak a non-English language, and 93 percent are U.S. citizens.
The largest universities in Burlington, VT are the University of Vermont (3,046 degrees awarded in 2017) and Champlain College (1,622 degrees).
The median property value in Burlington, VT is $267,500 dollars, and the homeownership rate is 38.8 percent. Most people in Burlington, VT commute by Drove Alone, and the average commute time is 17.4 minutes. The average car ownership in Burlington, VT is 2 cars per household.
In 2017, universities in Burlington, VT awarded 4,668 degrees. The student population of Burlington, VT is skewed towards women, with 8,241 male students and 9,848 female students.
Most students graduating from Universities in Burlington, VT are White (3,481 and 76.3 percent), followed by Unknown (412 and 9.03 percent), Hispanic or Latino (234 and 5.13 percent), and Black or African American (165 and 3.61 percent).
The biggest universities in Burlington, VT by the number of degrees awarded are the University of Vermont (3,046 and 65.3 percent) and Champlain College (1,622 and 34.7 percent).
The most popular majors in Burlington, VT are General Business Administration & Management (490 and 10.5 percent), Computer Forensics & Counterterrorism (186 and 3.98 percent), and Organizational Leadership (142 and 3.04 percent).
The median tuition costs in Burlington, VT are $39,718 dollars for private four-year colleges, and $15,504 dollars and $39,120 dollars respectively, for public four-year colleges for in-state students and out-of-state students.
The economy of Burlington, VT employs 23.2k people and Burlington has an unemployment rate of 2.4 percent. Burlington has seen the job market increase by 0.6 percent over the last year. Future job growth over the next ten years is predicted to be 29.2 percent, which is lower than the US average of 33.5 percent. The biggest industries in Burlington, VT are Educational Services (4,382 people), Accommodation & Food Services (3,047 people), and Health Care & Social Assistance (3,547 people), and the highest paying industries are Utilities ($69,034 dollars), Transportation & Warehousing, & Utilities ($51,652 dollars), and Professional, Scientific, & Technical Services ($49,735 dollars).
Households in Burlington, VT have a median annual income of $47,140 dollars, which is less than the median annual income of $61,937 dollars across the entire United States. This is in comparison to a median income of $46,754 dollars in 2016, which represents a 0.826 percent annual growth.
Tax Rates for Burlington
– The Sales Tax Rate for Burlington is 7.0 percent.
– The Income Tax Rate for Burlington is 6.8 percent.
– Tax Rates can have a big impact when Comparing the Cost of Living.
Income and Salaries for Burlington
– The average earnings of a Burlington resident are $25,234 dollars a year.
– The Median household earnings of a Burlington resident is $42,745 dollars a year.
