At present, the minimum wage of Vermont state is $13.18 / hour, which is the lowest amount and can legally be paid for hourly work in Vermont.
The weekly earnings estimate of $527.20 / 40-hr week is based on a standard 40-hour work week.
The yearly earnings estimate of $27,414.40 / year is based on 52 standard 40-hour work weeks.
Since most hourly employees don’t work full time and/or take time off, actual yearly earnings will likely be lower.
However, there are some exceptions to this hourly wage for student workers, tipped workers, and overtime workers, who may receive different minimum wage rates.
Note: The federal minimum wage is currently $7.25 an hour, and has not been raised since 2009 in some states of the USA. In the present year of 2023, the District of Columbia had the highest minimum wage in the U.S., at $ 16.50 per hour. This was followed by Washington, which had $ 15.74 per hour as the state minimum wage.
Overview of Vermont state’s minimum wage history from 2010 to 2023:
Presently the minimum wage information of the Vermont state
|2023||$13.18 / hour||$527.20 / 40-hr week||$27,414.40 / year|
The minimum wage information of the Vermont state in past years
|2022||$12.55 / hour||$502.00 / 40-hr week||$26,104.00 / year|
|2021||$11.75 / hour||$470.00 / 40-hr week||$24,440.00 / year|
|2020||$10.96 / hour||$438.40 / 40-hr week||$22,796.80 / year|
|2019||$10.78 / hour||$431.20 / 40-hr week||$22,422.40 / year|
|2018||$10.50 / hour||$420.00 / 40-hr week||$21,840.00 / year|
|2017||$10.00 / hour||$400.00 / 40-hr week||$20,800.00 / year|
|2016||$9.60 / hour||$384.00 / 40-hr week||$19,968.00 / year|
|2015||$9.15 / hour||$366.00 / 40-hr week||$19,032.00 / year|
|2014||$8.73 / hour||$349.20 / 40-hr week||$18,158.40 / year|
|2013||$8.60 / hour||$344.00 / 40-hr week||$17,888.00 / year|
|2012||$8.46 / hour||$338.40 / 40-hr week||$17,596.80 / year|
|2011||$8.15 / hour||$326.00 / 40-hr week||$16,952.00 / year|
|2010||$8.06 / hour||$322.40 / 40-hr week||$16,764.80 / year|
Future minimum wage information of the Vermont state
Based on the present and past estimations, a graphical chart has been prepared which will tell you what is the minimum wage in the upcoming years and There is a possibility that earnings will change in the future.
|minimum wage||$ 13.76/ hour||$ 14.4/ hour||$ 15.04/ hour||$ 15.68/ hour||$ 16.32/ hour|
Vermont state Minimum wage chart for per hour, per week and per year
This chart shows how the minimum wage has changed over the years per hour, per week, and per year.
Vermont state Minimum wage per hour –
If we compare the minimum wage for the last five years in the state of Vermont, the lowest minimum wage is $ 10.78 per hour and the highest minimum wage is $ 13.18 per hour. The minimum wage has increased by $ 0.63 per hour over the last year and $ 2.4 in the last five years.
Vermont state Minimum wage per week –
The minimum wage per week can be calculated by multiplying the hourly rate by the number of hours worked per week.
If we compare the minimum wage for the last five years in the state of Vermont, the lowest minimum wage is $ 431.2 per week and the highest minimum wage is $ 527.2 per week. The minimum wage has increased by $ 0.63 per week over the last year and $ 96 in the last five years.
Vermont state Minimum wage per year –
you can estimate the annual income of a full-time worker who earns the minimum wage by multiplying the hourly rate by the number of hours worked per year.
If we compare the minimum wage for the last five years in the state of Vermont, the lowest minimum wage is $ 22422.4 per year and the highest minimum wage is $ 27414.4 per year. The minimum wage has increased by $ 1310.4 per year over the last year and $ 4992 in the last five years.