Ranking Vermont Towns and Cities By Credit Score
- February 6, 2018
- Posted by: Mike Brown
- Category: Credit Scores
The causeway heading into South Hero Island, Vermont, which ranked 10th on LendEDU's list.
Vermont is the second least populous state in the U.S., in addition to being the sixth smallest by area. Its capital, Montpelier, is the least populous capital in the U.S., while its most populous city, Burlington, is the least populous city to be the most populous city in a state.
But, to quote Mark Twain: "It's not the size of the dog in the fight."
Fiercely proud, Vermont is one of only four states that was once a sovereign state, with the exception of the 13 colonies.
In 2016, The Green Mountain State was ranked as the safest state in the entire country.
Vermont is consistently the leading producer of maple syrup in the U.S. On the subject, the state has become one of the leading manufacturers of artisanal food products, blazing a new path for microbreweries, wineries, and dairy farms.
Other important economic drivers for Vermont include tourism, especially for skiers and hikers, forestry, insurance, and non-profit organizations. In fact, non-profit organizations bring in billions of revenue dollars each year, and the state has one of the highest rates of volunteerism.
The people of The Green Mountain State seem to be thriving due to Vermont's diverse economy. The state consistently ranks in the top 20 when it comes to median personal income.
Wanting to take a deeper dive into Vermont's prosperity, LendEDU licensed Experian's dataset to discover which towns and cities in Vermont are thriving the most.
We evaluated each Vermont community according to its average credit score, a sound barometer for overall economic performance. Places with high average credit scores often see high average incomes, low unemployment, and high repayment percentages.
Below, you will find an interactive table that details the 100 Vermont towns and cities that are the most fiscally healthy, as recognized by LendEDU.
Interactive Table Featuring the Highest Credit Scores in Vermont
All data that was used in this report derives from data that LendEDU licensed from Onboard Informatics and Experian. Onboard Informatics' dataset was put to use to find the most recent population figures and the locations of each Vermont town and city. Experian's Premier Aggregated Credit StatisticsSM dataset was utilized to find the average VantageScore 3.0®1 credit score of each Vermont community.
For this particular study, an arbitrary population cutoff was set at 1,000, meaning any town or city with a population below 1,000 was eliminated from further analysis. Vermont's largest cities, like Burlington, had multiple ZIPTM2 codes and thus multiple average credit scores. To ensure that each Vermont community only had one ZIP CodeTM and one average credit score, ZIP codes were weighted according to their respective population and then averaged together. A ZIP Code with a greater population was given more weight during the averaging process.
After every single Vermont town and city was given one ZIP Code and one average VantageScore 3.0® credit score, LendEDU was able to rank the communities accordingly. Experian's dataset has the average VantageScore 3.0® credit score as a stand-alone statistic. Vermont towns and cities with higher average credit scores were ranked higher and vice versa.
1. VantageScore is a registered trademark of VantageScore Solutions , LLC.
2. Experian is a nonexclusive full-service provider licensee of the United States Postal Service. The following trademarks are owned by the United States Postal Service: ZIP and ZIP Code. The price for Experian's services is not established, controlled or approved by the United States Postal Service.
Image Copyright © Richard Due