Young family

2015 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”


2015 HUD median income limits for Vermont Counties


2015 Median County Income 80% of Median Household Income
County Name Median Area Income 1 Person 2 People 3 People 4 People 5 People 6 People 7 People 8 People
Addison County 73,300 41,100 46,950 52,800 58,650 63,350 68,050 72,750 77,450
Bennington County 64,000 36,250 41,400 46,600 51,750 55,900 60,050 64,200 68,350
Caledonia County 55,600 36,250 41,400 46,600 51,750 55,900 60,050 64,200 68,350
Chittenden County 81,900 45,850 52,400 58,950 65,500 70,750 76,000 81,250 86,500
Essex County 48,000 36,250 41,400 46,600 51,750 55,900 60,050 64,200 68,350
Franklin County 81,900 45,850 52,400 58,950 65,500 70,750 76,000 81,250 86,500
Grand Isle County 81,900 45,850 52,400 58,950 65,500 70,750 76,000 81,250 86,500
Lamoille County 68,600 38,450 43,950 49,450 54,900 59,300 63,700 68,100 72,500
Orange County 66,800 37,450 42,800 48,150 53,450 57,750 62,050 66,300 70,600
Orleans County 54,000 36,250 41,400 46,600 51,750 55,900 60,050 64,200 68,350
Rutland County 65,700 36,800 42,050 47,300 52,550 56,800 61,000 65,200 69,400
Washington County 73,900 41,400 47,300 53,200 59,100 63,850 68,600 73,300 78,050
Windham County 65,500 36,700 41,950 47,200 52,400 56,600 60,800 65,000 69,200
Windsor County 73,200 41,000 46,850 52,700 58,550 63,250 67,950 72,650 77,300