As of 2024, Vermont has 647,818 people, growing steadily since the 1960s. The state plans to reach 802,000 by 2035. Knowing about Vermont’s population trends is key for making smart decisions. It helps leaders plan for Vermont’s future growth and development.
Key Takeaways
- Vermont’s population is expected to grow slowly, thanks to people moving from cities for a better life.
- The state wants to hit 802,000 residents by 2035, growing 2% each year in population and housing.
- Vermont has a low unemployment rate, which helps the economy and boosts demand for rentals.
- Housing shortages in some areas will keep rents steady or rising, making multifamily homes more needed.
- The Vermont Housing Finance Agency is working to create and keep affordable housing, offering chances for developers and investors.
- The growth of tourism, agriculture, and tech will keep demand for rentals high in Vermont’s population.
- By 2035, Vermont aims to have 350,000 non-seasonal housing units, meeting the need for more homes.
Current Demographic Landscape of Vermont
Vermont’s population has seen a slight drop, from 625,842 in 2010 to 623,657 in 2017. This decrease is mainly due to more deaths than births. The state lost residents due to people moving away.
The state’s aging population is another key factor. Vermonters aged 65 and older have nearly doubled in 20 years. By 2030, they will make up almost 25% of Vermont’s population.
Recent Population Statistics and Distribution
Population numbers vary across Vermont’s counties. Chittenden County is the most populous, followed by Rutland and Washington. Chittenden County’s population has grown, while Rutland and Washington have seen a decline.
Key Demographic Indicators
Many seniors in Vermont live alone, leading to more isolation in rural areas. The wait for affordable senior housing is long, with some waiting up to five years.
Historical Population Trends in Vermont
Vermont’s population has grown slowly from 1960 to 2023. This shows the state’s work in development. Today, Vermont has over 647,000 people, with 22% over 65. This is more than the national average of 18%.
The forecast for Vermont shows steady growth, with a 0.3% annual increase. But, the state’s growth is affected by many factors. For example, more people aged 25 to 54 have moved here, likely due to the pandemic.
Here is a summary of Vermont’s population trends:
- Total population: over 647,000
- Population older than 65: approximately 22%
- Average annual growth rate: 0.3%
BUilding on this information, the vermont population trends can be analyzed to understand the state’s demographic changes over time.
Knowing Vermont’s past population trends helps plan for its future. By looking at the forecast and trends, leaders can make smart choices. This supports Vermont’s growth and development.
Factors Shaping Vermont’s Population Growth
Vermont’s population is growing due to many factors. These include migration, economic conditions, and housing trends. The state’s population is now 647,818, as of 2024. To keep up with this growth, Vermont needs careful planning and development.
The state’s economy is key to its population growth. Industries like healthcare and education are driving this growth. But, Vermont faces a big challenge: a housing crisis. There’s a shortage of affordable homes, making it hard for new residents to settle.
The average home in Vermont costs about $373,709. Homes usually sell in 61 days. To tackle these issues, Vermont aims to build more homes each year. This is vital for meeting demand and ensuring sustainable growth.
Understanding what drives population growth is crucial. Vermont can then create effective strategies. This will help support its growing population and keep its high quality of life.
Some key factors influencing Vermont’s population growth include:
- Migration patterns: Net migration statistics show 26,000 people moved into Vermont, while 23,000 left. This resulted in a net gain of 3,000 people.
- Economic influences: Vermont’s unemployment rate is low, showing a stable job market.
- Housing market effects: Homes in Vermont sell very close to their asking prices, with a sale-to-list price ratio of 100.30%.
Conclusion: Implications for Vermont’s Future
As Vermont looks ahead, knowing its demographic trends and population projections is key. The state wants to reach a population of 802,000 by 2035. This goal needs a mix of strategies to grow sustainably.
Fixing the housing shortage, boosting the economy, and caring for the environment are top priorities. These efforts are crucial for Vermont’s future.
The vermont population 2025 and vermont demographics show both hurdles and chances. Property taxes have gone up, but the state has welcomed over a thousand refugees. Some areas, like Northwest Vermont, have higher incomes and lower energy costs.
But, other parts face poverty and economic stress. It’s vital to understand these differences to help Vermont’s varied communities.
Vermont must create good policies for housing, education, and jobs. By tackling these issues, the state can build a bright future for all its people.
FAQ
What is the current population of Vermont?
Vermont’s current population is 647,818 as of 2024.
What is the target population for Vermont by 2035?
Vermont aims to reach a population of 802,000 by 2035.
How is Vermont’s population distributed between urban and rural areas?
Most of Vermont’s people live in cities. The state also has a mix of urban and rural areas.
What is the median age of Vermont’s population?
Vermont’s median age is 43.1 years.
What has been the historical population growth trend in Vermont?
Vermont’s population has grown slowly from 1960 to 2023. It has an average annual growth rate of 0.3%.
What factors are shaping Vermont’s population growth?
Vermont’s population growth is influenced by migration, the economy, housing, and quality of life.
How is the housing market affecting Vermont’s population growth?
Vermont’s housing shortage affects its population growth. There are not enough affordable homes.
What strategies does Vermont need to implement to achieve its target population by 2035?
Vermont must tackle its housing shortage and support the economy. It also needs to focus on environmental and quality of life issues for sustainable growth.
Source Links
- https://vtfuturesproject.org/establishing-a-vision-for-the-future-the-vermont-futures-project-launches-its-economic-action-plan/
- https://www.leancapitalllc.com/blog/2024-vermont-real-estate-recap-and-whats-ahead-for-2025/
- https://proximityone.com/statetrends/2/cty201750.htm
- https://www.sevendaysvt.com/news/getting-on-an-aging-population-is-transforming-vermonts-schools-workplaces-and-communities-40368495
- https://www.census.gov/newsroom/press-releases/2024/population-estimates-international-migration.html
- https://vtdigger.org/2024/10/17/vermonts-population-ticked-upward-in-2023-but-only-slightly/
- https://nchstats.com/vermont-population/
- https://www.healthvermont.gov/wellness/brain-health-dementia/age-strong-vermont-our-roadmap-age-friendly-state
- https://www.steadily.com/blog/vermont-real-estate-market-overview
- https://vermontbiz.com/news/2025/january/09/governor-scott-sees-renewed-opportunity-affordability-inauguration-speech
- https://www.vermontpublic.org/local-news/2024-12-31/vermonts-rate-of-homelessness-now-ranks-4th-in-the-nation
