Everything You Need to Know About the City of Montpelier Vermont

In 2017, Montpelier, Vermont had a population of 7.58k people with a median age of 44 and a median household income of $60,793 dollars. Between 2016 and 2017 the population of Montpelier, VT declined from 7,662 to 7,584, a -1.02 percent decrease, and its median household income grew from $60,347 dollars to $60,793 dollars, a 0.739 percent increase.

The population of Montpelier, VT is 92.7 percent White Alone, 2.27 percent Black or African American Alone, and 2.22 percent Hispanic or Latino. N/A% of the people in Montpelier, VT speak a non-English language, and 98.6 percent are U.S. citizens.

The largest universities in Montpelier, VT are Community College of Vermont (581 degrees awarded in 2017), Vermont College of Fine Arts (177 degrees), and New England Culinary Institute (139 degrees).

The median property value in Montpelier, VT is $235,300 dollars, and the homeownership rate is 54.6 percent. Most people in Montpelier, VT commute by Drove Alone, and the average commute time is 16.1 minutes. The average car ownership in Montpelier, VT is 2 vehicles per household.


Education in Montpelier

In 2017, universities in Montpelier, VT awarded 897 degrees. The student population of Montpelier, VT is skewed towards women, with 1,947 male students and 4,089 female students.

Most students graduating from Universities in Montpelier, VT are White (708 and 79.7 percent), followed by Unknown (67 and 7.55 percent), Two or More Races (37 and 4.17 percent), and Hispanic or Latino (31 and 3.49 percent).

The largest universities in Montpelier, VT by the number of degrees awarded are Community College of Vermont (581 and 64.8 percent), Vermont College of Fine Arts (177 and 19.7 percent), and New England Culinary Institute (139 and 15.5 percent).

The most popular majors in Montpelier, VT are Liberal Arts & Sciences (188 and 21 percent), Creative Writing (108 and 12 percent), and Culinary Arts & Chef Training (80 and 8.92 percent).

The median tuition costs in Montpelier, VT is $N/A for private four-year colleges, and $N/A and $N/A respectively, for public four-year colleges for in-state students and out-of-state students.


Economy in Montpelier

The economy of Montpelier, VT employs 4.14k people and Montpelier has an unemployment rate of 2.7 percent. Montpelier has seen the job market increase by 1.9 percent over the last year. Future job growth over the next ten years is predicted to be 31.5 percent, which is lower than the US average of 33.5 percent. The biggest industries in Montpelier, VT are Educational Services (733 people), Professional, Scientific, & Technical Services (508 people), and Health Care & Social Assistance (603 people), and the highest paying industries are Utilities ($79,500 dollars), Transportation & Warehousing, & Utilities ($73,750 dollars), and Finance & Insurance ($71,875 dollars).

Households in Montpelier, VT have a median annual income of $60,793 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 $60,347 dollars in 2016, which represents a 0.739 percent annual growth.


Tax Rates for Montpelier

– The Sales Tax Rate for Montpelier is 6.0 percent.

– The Income Tax Rate for Montpelier is 6.8 percent.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Montpelier

– The average earnings of a Montpelier resident are $32,108 dollars a year.

– The Median household earnings of a Montpelier resident is $60,676 dollars a year.