Young family

2014 HUD Median Income for Vermont

Median household income is used for a range of reasons, including determining eligibility for low to moderate mortgage financing; commonly known as as CRA (Community Reinvestment Act). Fannie Mae and Freddie Mac each have a special loan program that is partially dependent on the household median income (i.e. Home Possible Mortgage and the My Community Mortgage). If you’re seeking a mortgage and your household income is at or below the amounts listed below, mention this to the lender or broker. The advantage may be a reduced downpayment, closing cost assistance, grant money, cheaper interest rate or lower mip/pmi.

The U.S. Census Bureau defines median household income as follows:
“Median income is the amount which divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount. Mean income (average) is the amount obtained by dividing the total aggregate income of a group by the number of units in that group. The means and medians for households and families are based on all households and families. Means and medians for people are based on people 15 years old and over with income”


2014 HUD median income limits for Vermont Counties


Vermont County MSA Area Median Income
ADDISONNON METRO AREA $72,600
BENNINGTONNON METRO AREA $64,100
CALEDONIANON METRO AREA $64,100
CHITTENDENBurlington-South Burlington, VT $80,200
ESSEXNON METRO AREA $64,100
FRANKLINBurlington-South Burlington, VT $80,200
GRAND ISLEBurlington-South Burlington, VT $80,200
LAMOILLENON METRO AREA $67,200
ORANGENON METRO AREA $65,000
ORLEANSNON METRO AREA $64,100
RUTLANDNON METRO AREA $64,100
WASHINGTONNON METRO AREA $72,000
WINDHAMNON METRO AREA $64,100
WINDSORNON METRO AREA $69,600