Economy

Income, economic output, and business activity across Maine — whether the broader economy is growing, whether households are keeping up, and how Maine compares with the U.S. (For jobs, wages, and unemployment, see Jobs & Wages.)

$74.7K

median household income

Overview

Real GDP

Total economic output, inflation-adjusted (chained 2017 dollars), annual

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Real GDP — data table
Date	Value
2002-01-01	55,406,500,000
2003-01-01	56,882,400,000
2004-01-01	58,934,800,000
2005-01-01	59,589,700,000
2006-01-01	59,986,000,000
2007-01-01	60,032,600,000
2008-01-01	59,845,100,000
2009-01-01	58,771,800,000
2010-01-01	59,958,500,000
2011-01-01	59,429,700,000
2012-01-01	59,181,700,000
2013-01-01	59,013,900,000
2014-01-01	59,589,800,000
2015-01-01	60,563,000,000
2016-01-01	62,037,100,000
2017-01-01	63,000,600,000
2018-01-01	64,802,100,000
2019-01-01	66,751,800,000
2020-01-01	67,372,000,000
2021-01-01	70,535,300,000
2022-01-01	72,067,300,000
2023-01-01	74,152,300,000
2024-01-01	76,184,100,000
2025-01-01	77,228,200,000

Most recent 24 of 29 rows shown.

Source: U.S. Bureau of Economic Analysis via FRED

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GDP growth rate

Year-over-year change in real GDP

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GDP growth rate — data table
Date	Growth
2002-01-01	2.5
2003-01-01	2.7
2004-01-01	3.6
2005-01-01	1.1
2006-01-01	0.7
2007-01-01	0.1
2008-01-01	-0.3
2009-01-01	-1.8
2010-01-01	2
2011-01-01	-0.9
2012-01-01	-0.4
2013-01-01	-0.3
2014-01-01	1
2015-01-01	1.6
2016-01-01	2.4
2017-01-01	1.6
2018-01-01	2.9
2019-01-01	3
2020-01-01	0.9
2021-01-01	4.7
2022-01-01	2.2
2023-01-01	2.9
2024-01-01	2.7
2025-01-01	1.4

Most recent 24 of 29 rows shown.

Source: U.S. Bureau of Economic Analysis via FRED

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Per-capita personal income

Maine vs. the U.S. — total income ÷ population, an average (not a median)

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Per-capita personal income — data table
Date	Value	Us value
2002-01-01	29,546	31,776
2003-01-01	30,740	32,625
2004-01-01	32,096	34,153
2005-01-01	32,684	35,630
2006-01-01	34,168	37,822
2007-01-01	35,402	39,550
2008-01-01	36,960	40,801
2009-01-01	37,115	39,271
2010-01-01	38,030	40,526
2011-01-01	39,516	42,619
2012-01-01	40,006	44,222
2013-01-01	39,962	44,367
2014-01-01	41,131	46,258
2015-01-01	42,939	48,038
2016-01-01	44,233	48,944
2017-01-01	45,901	50,978
2018-01-01	47,724	53,310
2019-01-01	49,978	55,560
2020-01-01	54,326	59,160
2021-01-01	59,400	64,683
2022-01-01	61,595	66,270
2023-01-01	65,138	70,137
2024-01-01	68,600	73,636
2025-01-01	71,742	76,994

Most recent 24 of 36 rows shown.

Source: U.S. Bureau of Economic Analysis via FRED

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What Maine makes

GDP by industry, current dollars, 2025

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What Maine makes — data table
Label	Value
Real estate	15,610,500,000
Government	11,804,600,000
Health care	11,425,100,000
Retail trade	8,666,300,000
Manufacturing	8,252,200,000
Finance & insurance	7,670,200,000
Professional services	6,504,500,000
Wholesale trade	5,166,100,000
Accommodation & food	4,951,800,000
Construction	3,803,400,000
Management of companies	2,947,900,000
Administrative services	2,712,600,000
Information	2,249,900,000
Other services	2,223,000,000
Transportation	1,986,200,000
Utilities	1,828,800,000
Educational services	1,515,200,000
Agriculture & fishing	1,198,300,000
Arts & recreation	1,131,500,000
Mining	78,100,000

Source: U.S. Bureau of Economic Analysis, SAGDP

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Household economy

Median household income

Statewide, by year

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Median household income — data table
Year	Median income
2,014	48,804
2,015	49,331
2,016	50,826
2,017	53,024
2,018	55,425
2,019	57,918
2,020	59,489
2,021	63,182
2,022	68,251
2,023	71,773
2,024	74,733

Source: U.S. Census via Maine housing data portal

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Real median household income

Nominal vs. inflation-adjusted (2026 dollars) — what income is worth

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Real median household income — data table
Year	Nominal	Real
2,014	48,804	66,958
2,015	49,331	67,756
2,016	50,826	69,079
2,017	53,024	70,765
2,018	55,425	72,407
2,019	57,918	74,469
2,020	59,489	75,504
2,021	63,182	77,179
2,022	68,251	77,939
2,023	71,773	79,227
2,024	74,733	79,796

Source: U.S. Census via housing portal · CPI (Northeast) via BLS

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Family poverty rate

Share of families below the poverty line, statewide

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Family poverty rate — data table
Year	Percent below poverty
2,014	9.39
2,015	9.34
2,016	8.89
2,017	8.4
2,018	7.94
2,019	7.35
2,020	6.75
2,021	6.59
2,022	6.45
2,023	6.52
2,024	6.43

Source: U.S. Census via Maine housing data portal

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Household income distribution

Households by income bracket, 2024

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Household income distribution — data table
Label	Value
Under $20K	67,412
$20K–$35K	65,214
$35K–$50K	66,793
$50K–$75K	100,241
$75K–$100K	77,552
$100K–$150K	109,678
$150K+	110,269

Source: U.S. Census via Maine housing data portal

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Food assistance (SNAP)

Mainers receiving SNAP (food-stamp) benefits, monthly — a safety-net and food-insecurity signal

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Food assistance (SNAP) — data table
Date	Recipients
2022-07-01	164,604
2022-08-01	166,683
2022-09-01	165,233
2022-10-01	167,793
2022-11-01	168,314
2022-12-01	170,373
2023-01-01	167,399
2023-02-01	168,290
2023-03-01	167,152
2023-04-01	165,743
2023-05-01	167,002
2023-06-01	167,887
2023-07-01	168,117
2023-08-01	167,728
2023-09-01	167,416
2023-10-01	168,704
2023-11-01	169,391
2023-12-01	170,285
2024-01-01	171,355
2024-02-01	171,488
2024-03-01	172,725
2024-04-01	172,809
2024-05-01	173,259
2024-06-01	174,410

Most recent 24 of 426 rows shown.

Source: U.S. Census Bureau via FRED

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Income by county

Per-capita personal income, 2024

Hover a county for its per-capita income.

$53K$90Kno data

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Income by county — data table
County	Value
Androscoggin	56,487
Aroostook	58,192
Cumberland	90,142
Franklin	52,725
Hancock	72,341
Kennebec	61,181
Knox	71,509
Lincoln	71,007
Oxford	52,819
Penobscot	56,593
Piscataquis	54,143
Sagadahoc	71,499
Somerset	53,415
Waldo	59,514
Washington	55,990
York	74,683

Source: U.S. Bureau of Economic Analysis via FRED

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Prices & cost pressure

Inflation

Year-over-year change in consumer prices, Northeast region (no Maine-specific CPI exists)

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Inflation — data table
Date	Rate
2024-08-01	3.4
2024-09-01	3.4
2024-10-01	3.5
2024-11-01	3.5
2024-12-01	3.5
2025-01-01	3.7
2025-02-01	3.9
2025-03-01	3.2
2025-04-01	3.1
2025-05-01	2.8
2025-06-01	3
2025-07-01	3.2
2025-08-01	3.3
2025-09-01	3.1
2025-11-01	3
2025-12-01	3.2
2026-01-01	3.6
2026-02-01	3.3
2026-03-01	3.7
2026-04-01	4.7
2026-05-01	5.2
2026-06-01	4.8
2026-07-01	4.3
2026-08-01	4.2

Most recent 24 of 379 rows shown.

Source: U.S. Bureau of Labor Statistics, CPI-U Northeast

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Business activity

New business applications

Monthly business applications with a 12-month average — business-formation momentum

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New business applications — data table
Date	Apps	Ma
2024-09-01	1,209	1,176
2024-10-01	1,212	1,174
2024-11-01	1,276	1,186
2024-12-01	1,258	1,186
2025-01-01	1,160	1,183
2025-02-01	1,107	1,169
2025-03-01	1,236	1,172
2025-04-01	1,191	1,192
2025-05-01	1,163	1,194
2025-06-01	1,118	1,189
2025-07-01	1,089	1,186
2025-08-01	1,102	1,177
2025-09-01	1,170	1,174
2025-10-01	1,154	1,169
2025-11-01	1,248	1,166
2025-12-01	1,158	1,158
2026-01-01	1,276	1,168
2026-02-01	1,303	1,184
2026-03-01	1,262	1,186
2026-04-01	1,282	1,194
2026-05-01	1,299	1,205
2026-06-01	1,334	1,223
2026-07-01	1,453	1,253
2026-08-01	1,538	1,290

Most recent 24 of 200 rows shown.

Source: U.S. Census Business Formation Statistics via FRED

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Establishments by industry

Private business establishments by sector, 2024

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Establishments by industry — data table
Label	Value
Professional & Technical	11,104
Construction	6,479
Retail Trade	6,022
Health Care & Social Assist.	5,506
Accommodation & Food	4,434
Administrative & Waste	4,146
Other Services	4,047
Wholesale Trade	3,090
Management of Companies	2,681
Finance & Insurance	2,430
Real Estate	2,127
Manufacturing	1,862
Information	1,812
Agriculture & Forestry	1,694
Unclassified	1,442
Transportation & Warehousing	1,379
Arts & Recreation	1,027
Educational Services	898
Utilities	128
Mining & Extraction	36

Source: U.S. Bureau of Labor Statistics, QCEW

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Farm income

Farm proprietors' income, quarterly — a first look at Maine agriculture

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Farm income — data table
Date	Value
2020-07-01	155,100,000
2020-10-01	186,400,000
2021-01-01	127,500,000
2021-04-01	143,400,000
2021-07-01	132,300,000
2021-10-01	162,500,000
2022-01-01	165,200,000
2022-04-01	158,400,000
2022-07-01	155,600,000
2022-10-01	195,000,000
2023-01-01	125,600,000
2023-04-01	92,400,000
2023-07-01	50,700,000
2023-10-01	32,000,000
2024-01-01	119,800,000
2024-04-01	138,100,000
2024-07-01	163,400,000
2024-10-01	191,900,000
2025-01-01	207,800,000
2025-04-01	190,300,000
2025-07-01	188,100,000
2025-10-01	214,700,000
2026-01-01	203,700,000
2026-04-01	233,400,000

Most recent 24 of 230 rows shown.

Source: U.S. Bureau of Economic Analysis via FRED

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Income sources

Personal income by source

Where Maine's personal income comes from

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Personal income by source — data table
Date	Wages	Dividends, interest & rent	Other	WageShare
2020-07-01	32,357,428,000	12,999,900,000	28,506,072,000	43.8
2020-10-01	34,060,304,000	13,551,400,000	27,124,496,000	45.6
2021-01-01	33,943,724,000	14,066,700,000	37,143,076,000	39.9
2021-04-01	35,129,336,000	14,699,100,000	30,220,764,000	43.9
2021-07-01	36,357,948,000	15,082,800,000	29,342,152,000	45
2021-10-01	37,117,504,000	15,365,900,000	29,183,596,000	45.4
2022-01-01	37,972,600,000	15,438,400,000	30,179,800,000	45.4
2022-04-01	38,483,904,000	15,815,000,000	30,718,896,000	45.3
2022-07-01	38,864,832,000	16,231,700,000	31,763,368,000	44.7
2022-10-01	39,529,352,000	16,933,100,000	30,929,248,000	45.2
2023-01-01	40,147,484,000	17,849,900,000	32,397,816,000	44.4
2023-04-01	40,609,516,000	18,543,500,000	31,159,584,000	45
2023-07-01	41,444,672,000	18,932,000,000	31,330,728,000	45.2
2023-10-01	41,832,572,000	19,435,200,000	31,608,128,000	45
2024-01-01	43,056,376,000	19,543,400,000	32,630,424,000	45.2
2024-04-01	43,057,692,000	19,657,500,000	33,195,408,000	44.9
2024-07-01	43,718,080,000	19,706,800,000	33,471,820,000	45.1
2024-10-01	44,509,272,000	19,958,200,000	33,970,728,000	45.2
2025-01-01	44,804,712,000	20,350,700,000	34,550,388,000	44.9
2025-04-01	45,396,028,000	20,575,100,000	35,582,872,000	44.7
2025-07-01	45,667,736,000	20,685,500,000	35,596,964,000	44.8
2025-10-01	46,128,452,000	20,801,400,000	35,886,448,000	44.9
2026-01-01	45,793,956,000	21,046,400,000	36,194,444,000	44.4
2026-04-01	46,222,402,000	21,277,900,000	36,447,098,000	44.5

Most recent 24 of 114 rows shown.

Source: U.S. Bureau of Economic Analysis via FRED

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Wages as a share of income

Wages & salaries as a percent of total personal income

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Wages as a share of income — data table
Date	Wages	Dividends, interest & rent	Other	WageShare
2020-07-01	32,357,428,000	12,999,900,000	28,506,072,000	43.8
2020-10-01	34,060,304,000	13,551,400,000	27,124,496,000	45.6
2021-01-01	33,943,724,000	14,066,700,000	37,143,076,000	39.9
2021-04-01	35,129,336,000	14,699,100,000	30,220,764,000	43.9
2021-07-01	36,357,948,000	15,082,800,000	29,342,152,000	45
2021-10-01	37,117,504,000	15,365,900,000	29,183,596,000	45.4
2022-01-01	37,972,600,000	15,438,400,000	30,179,800,000	45.4
2022-04-01	38,483,904,000	15,815,000,000	30,718,896,000	45.3
2022-07-01	38,864,832,000	16,231,700,000	31,763,368,000	44.7
2022-10-01	39,529,352,000	16,933,100,000	30,929,248,000	45.2
2023-01-01	40,147,484,000	17,849,900,000	32,397,816,000	44.4
2023-04-01	40,609,516,000	18,543,500,000	31,159,584,000	45
2023-07-01	41,444,672,000	18,932,000,000	31,330,728,000	45.2
2023-10-01	41,832,572,000	19,435,200,000	31,608,128,000	45
2024-01-01	43,056,376,000	19,543,400,000	32,630,424,000	45.2
2024-04-01	43,057,692,000	19,657,500,000	33,195,408,000	44.9
2024-07-01	43,718,080,000	19,706,800,000	33,471,820,000	45.1
2024-10-01	44,509,272,000	19,958,200,000	33,970,728,000	45.2
2025-01-01	44,804,712,000	20,350,700,000	34,550,388,000	44.9
2025-04-01	45,396,028,000	20,575,100,000	35,582,872,000	44.7
2025-07-01	45,667,736,000	20,685,500,000	35,596,964,000	44.8
2025-10-01	46,128,452,000	20,801,400,000	35,886,448,000	44.9
2026-01-01	45,793,956,000	21,046,400,000	36,194,444,000	44.4
2026-04-01	46,222,402,000	21,277,900,000	36,447,098,000	44.5

Most recent 24 of 114 rows shown.

Source: U.S. Bureau of Economic Analysis via FRED

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Per-capita income is an average, not a median. GDP measures output, not household well-being. Inflation uses the Northeast regional CPI — there is no Maine-specific index. “Other” income bundles transfer receipts, proprietor income, and wage supplements.