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Fact Book: Doing Business in Maine 2024

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V O L . X X X N O. X I X 10 Fact Book / Doing Business in Maine Q UA L I T Y O F L I F E 2022 2021 Percent change, 2021–2022 Total 2022 county personal income 1 1 Cumberland $78,012 $74,836 4.2% $23,984,992 2 York $65,074 $62,833 3.6% $14,103,520 3 Hancock $63,357 $61,049 3.8% $3,592,419 4 Sagadahoc $62,568 $59,874 4.5% $2,339,608 5 Knox $61,897 $59,336 4.3% $2,547,931 6 Lincoln $61,524 $59,193 3.9% $2,228,081 7 Kennebec $55,361 $54,056 2.4% $6,950,038 8 Waldo $54,714 $51,915 5.4% $2,201,765 9 Penobscot $51,998 $50,753 2.5% $7,992,291 12 Aroostook $50,915 $49,913 2.0% $3,424,296 10 Piscataquis $49,863 $49,034 1.7% $868,458 13 Washington $49,500 $48,771 1.5% $1,556,136 11 Androscoggin $49,055 $48,186 1.8% $5,544,341 14 Somerset $47,306 $46,752 1.2% $2,417,252 15 Franklin $47,120 $45,839 2.8% $1,435,940 16 Oxford $46,450 $45,799 1.4% $2,763,527 MAINE $60,599 $58,687 3.3% $83,950,595 Maine personal income Ranked by per capita personal income, 2022 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 1990–2023 Maine disposable income Maine taxes U.S. disposable income U.S. taxes $0 $10K $20K $30K $40K $50K $60K $70K 2023 ʼ21 ʼ18 ʼ15 ʼ12 ʼ09 ʼ06 2003 2023 ʼ21 ʼ18 ʼ15 ʼ12 ʼ09 ʼ06 2003 2023 2022 Percent change, 2022–2023 RI $66,480 $63,551 4.6% MA $87,812 $84,551 3.9% ME $63,117 $60,425 4.5% VT $66,463 $63,035 5.4% NH $77,260 $73,711 4.8% CT $87,447 $83,340 4.9% U.S. $68,531 $65,473 4.7% New England per capita personal income, 2023 S O U R C E : U.S. Department of Commerce, Bureau of Economic Analysis 2022 2023 2024 MA $14.25 $15.00 $15.00 CT $14.00 $14.00 $15.69 ME $12.75 $13.80 $14.15 VT $12.55 $13.18 $13.67 RI $12.25 $13.00 $14.00 NH $7.25 $7.25 $7.25 U.S. $7.25 $7.25 $7.25 State minimum wage 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 : U.S. Bureau of Labor Statistics Maine U.S. 70% 75% 80% 85% 90% 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 New England median household income, 2022 1 Ranked by percent change, 2021–2022 1 Adjusted for inflation. S O U R C E : U.S. Census Bureau, 2022 American Community Survey 5-Year Estimates 2022 2021 Percent change 2021–2022 VT $74,014 $67,674 9.4% RI $81,370 $74,489 9.2% NH $90,845 $83,449 8.9% MA $96,505 $89,026 8.4% ME $68,251 $63,182 8.0% CT $90,213 $83,572 7.9% U.S. $74,755 $69,021 8.3%

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