Rutland, VT Micropolitan Statistical Area VT Demographic Data and Boundary Map

Advertisement

Rutland, VT Micropolitan Statistical Area Boundary Map


Rutland, VT Micropolitan Statistical Area Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 60,253 (100%)
Population in Households 57,979 (96.2%)
Population in Families 43,130 (71.6%)
Population in Group Quarters1 2,274 ( 3.8%)
Population Density 65
Diversity Index2 11
 
 

INCOME

Median Household Income $55,034
Average Household Income $70,793
% of Income for Mortgage4 14%
Per Capita Income $30,050
Wealth Index5 77
 

HOUSING

Total HU (Housing Units) 34,444 (100%)
Owner Occupied HU 18,575 (53.9%)
Renter Occupied HU 6,942 (20.2%)
Vacant Housing Units 8,927 (25.9%)
Median Home Value $185,665
Average Home Value $224,353
Housing Affordability Index3 134
 

HOUSEHOLDS

Total Households 25,517
Average Household Size 2.27
Family Households 15,299
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population -0.22% -0.48%
Households -0.18% -0.47%
Families -0.45% -0.65%
Median Household Income   0.87%
Per Capita Income   1.51%
Owner Occupied HU   -0.4%

Advertisement