An economics newsletter reports that Vermont’s median household income rose to a record high last year.
The Vermont Economy Newsletter says its analysis of just-released data from the state Tax Department shows Vermont’s median household income in 2008 was $68,555, up $300 from the previous year. The median is the level at which half of all families earn less and half earn more.
Art Woolf, editor of the Vermont Economy Newsletter, calls the 0.4 percent increase in Vermonters’ median income small but says it’s surprising the figure was a positive one given the recession.
Woolf says he expects median household income to decline in Vermont for 2009.