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Fact Book: Doing Business in Maine — 2018

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V O L . X X I V N O. X V I 18 FA C T BO O K / D O I N G B U S I N E S S I N M A I N E Q UA L I T Y O F L I F E | I N C O M E 2016 2015 Percent change, 2015–2016 Previous year's rank Total 2016 county personal income 1 1 Cumberland $54,309 $52,298 3.8% 1 $15,860,375 2 Hancock $46,959 $45,190 3.9% 5 $2,555,476 3 York $46,687 $45,466 2.7% 3 $9,446,695 4 Sagadahoc $46,406 $45,702 1.5% 2 $1,636,883 5 Knox $46,275 $43,738 5.8% 6 $1,839,165 6 Lincoln $46,231 $45,358 1.9% 4 $1,581,824 7 Kennebec $42,194 $41,554 1.5% 7 $5,087,324 8 Washington $38,895 $37,185 4.6% 8 $1,223,259 9 Androscoggin $38,091 $37,106 2.7% 9 $4,087,884 12 Penobscot $37,876 $37,032 2.3% 10 $5,749,849 10 Aroostook $37,643 $36,717 2.5% 12 $2,558,201 13 Waldo $37,334 $36,833 1.4% 11 $1,469,623 11 Somerset $36,830 $35,951 2.4% 13 $1,875,213 14 Oxford $35,633 $34,891 2.1% 14 $2,038,841 15 Piscataquis $35,426 $34,634 2.3% 16 $596,687 16 Franklin $34,937 $34,849 0.3% 15 $1,048,134 MAINE $44,053 $41,240 6.8% $58,655,433 Maine personal income Ranked by per capita personal income, 2016 1 Figures in thousands. S O U R C E : U.S. Department of Commerce, Bureau of Economic Analysis 1 According to the Bureau of Economic Analysis, personal income is the total income an individual derives from all sources, while disposable income is total personal income less personal current taxes. S O U R C E : U.S. Department of Commerce, Bureau of Economic Analysis Disposable personal income, 1 per capita 1990–2017 $0 $10K $20K $30K $40K $50K $60K '17 '14 '11 '08 '05 '02 '99 '96 '93 '90 Maine disposable income Maine taxes $0 $10K $20K $30K $40K $50K $60K '17 '14 '11 '08 '05 '02 '99 '96 '93 '90 U.S. disposable income U.S. taxes 2017 2016 Percent change, 2016-2017 N.H. $57,574 $55,945 2.9% MA $65,890 $64,122 2.8% R.I. $51,503 $50,373 2.2% ME $45,072 $44,094 2.2% VT $51,114 $50,084 2.1% CT $70,121 $69,094 1.5% U.S. $50,392 $49,204 2.4% New England per capita income, 2017 S O U R C E : U.S. Department of Commerce, Bureau of Economic Analysis 2018 2017 2016 MA $11.00 $11.00 $10.00 VT 1 $10.50 $10.00 $9.60 CT $10.10 $10.10 $9.60 R.I. $10.10 $9.60 $9.60 ME $10.00 $9.00 $7.50 N.H. $7.25 $7.25 $7.25 U.S. $7.25 $7.25 $7.25 State minimum wage 1 Rates applicable to employers of two or more. S O U R C E : Wage and Hour Division, U.S. Department of Labor Women's earnings as a percent of men's 1 1 Median usual weekly earnings of full-time wage and salary workers 16 years of age and over. S O U R C E : Bureau of Labor Statistics Maine U.S. 70% 75% 80% 85% 90% 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 New England median household income, 2016 1 Ranked by percent change, 2015–2016 1 Adjusted for infl ation. S O U R C E : U.S. Census Bureau, 2012–2016 American Community Survey 5-Year Estimates 2016 2015 Percent change, 2015–2016 MA $70,954 $68,563 3.5% ME $50,826 $49,331 3.0% R.I. $58,387 $56,852 2.7% N.H. $68,485 $66,779 2.6% CT $71,755 $70,331 2.0% VT $56,104 $55,176 1.7% U.S. $55,322 $53,889 2.7%

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