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EconPulse

Local economy signal dashboard

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PLACEThriving

Hardwick, VT

Thriving overall. Jobs is the clearest support signal, while housing needs the most attention. Housing reads as affordable for a median-income household.

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Overall score83out of 100
Compare
86
100
70
63
100

Population

1,046

Data freshness

Unknown

GDP / Output

+6.7% YoY

86

$1.6B

Output changed +6.7% in 2024.

Vintage date unknown

State growth5.3%
U.S. growth5.3%

Jobs

Unemployment rate

100

1.3%

Unemployment is 1.3% for Latest available.

Vintage date unknown

State avg3.6%
U.S. avg4.1%

Population

+3.4% 5-year

70

1,046

Population moved +3.4% over the latest ACS window.

Vintage date unknown

State population647,106
U.S. population334,922,499

Housing

Rent share of income

63

26.5%

Median rent consumes 26.5% of median household income: Affordable.

Vintage date unknown

State rent$1.2K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$8.1K per resident

100

$244.4M

$244.4M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$8.9B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$244.4M

$8.1K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$190.3M
2. Department of Transportation$19.8M
3. Department of Veterans Affairs$17.0M

Top recipients

Dollars
1. TRANSPORTATION, VERMONT AGENCY OF$19.8M
2. NORTHERN COUNTIES HEALTH CARE, INC.$3.8M
3. NEK COMMUNITY BROADBAND$2.6M

Affordable

Housing Affordability

26.5%

of median income

1BR estimate$673
2BR estimate$887
Median income$37,214
Median home value$180,600

ACS context

Quick Facts

Population

1,046

Median age

57.8

Bachelor's degree+

16.0%

Poverty rate

13.1%

Labor force participation

58.8%

Prime rate

6.8%

CPI YoY

+3.0%

U.S. GDP YoY

+6.6%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-09-15

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+0.7%

GDP CAGR

+6.1%

Federal flow

5 years

Population (5 years)
20201,012
20211,093
20221,247
20231,047
20241,046
GDP (5 years)
2020$1.2B
2021$1.3B
2022$1.5B
2023$1.5B
2024$1.6B

2-year linear forecast

Predictive Outlook

Population forecast

20241,046
20251,096 *
20261,098 *

R² = 0.1% · * projected

GDP forecast

2024$1.6B
2025$1.8B *
2026$1.9B *

R² = 99.4% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$37,214/yr
Median rent$821/mo
Rent share of income26.5%
Est. mortgage (30yr, 6.5%)$10,959/yr
Mortgage share of income29.4%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate1.3%
State avg3.6%
U.S. avg4.1%
Labor force participation58.8%
Poverty rate13.1%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$180,600
Median monthly rent$821
Price-to-rent ratio18.3x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateStrong
Composite score86/100
Economic growth86/100
Labor market100/100
Population momentum70/100
Overall stability83/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Hardwick CDP, Vermont

City/Town

Part of

Vermont

Nearby locations

Greensboro, VTWolcott, VTGreensboro Bend, VTCabot, VTMarshfield, VT