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What is the average yearly income in Maine?

What is the average yearly income in Maine?

Table

Population
Mean travel time to work (minutes), workers age 16 years+, 2015-2019 24.2
Income & Poverty
Median household income (in 2019 dollars), 2015-2019 $57,918
Per capita income in past 12 months (in 2019 dollars), 2015-2019 $32,637

What is the average family income in Maine?

$76,316
Maine Family Income The ACS 1-year survey shows that the median family income for Maine was $76,316 in 2019. Compared to the median US family income, Maine median family income is $4,628 lower. Like the median household income numbers, 2020 family income data will be released in September of 2021.

What is middle class in Maine?

(The Center Square) – In Maine, households must earn a minimum of $25,701 per year to be considered middle class, with the upper earnings boundary set at $111,898, according to a new 24/7 Wall St. analysis. The total share of household income in Maine controlled by middle-class earners is 47.6%, 24/7 Wall St. reports.

What is the wealthiest county in Maine?

Cumberland
Maine counties ranked by per capita income

Rank County Per capita income
1 Cumberland $31,041
2 Lincoln $28,003
United States $27,334
3 York $27,137

What is a good salary in Maine?

While ZipRecruiter is seeing salaries as high as $124,905 and as low as $18,828, the majority of salaries within the Average jobs category currently range between $45,462 (25th percentile) to $67,963 (75th percentile) with top earners (90th percentile) making $82,658 annually in Maine.

How much money do you need to live comfortably in Maine?

How much money do you need to live comfortably in Maine? A single person in Maine needs a salary of at least $31,043 to afford basic necessities, while a family of four needs a household income of $67,416.

What is the average cost of a house in Maine?

The median home cost in Maine is $301,700. Home appreciation the last 10 years has been 64.3%….DID YOU KNOW.

HOUSING Maine, Maine United States
Median Home Cost $301,700 $291,700
Home Appr. Last 12 months 19.8% 15.0%
Home Appr. Last 5 yrs. 51.3% 42.4%

What is the richest town in Maine?

Saco
The richest town in 2020 was Saco. The stats that lead to Saco coming in as Maine’s richest town were the following: Population 19,497. Median Income: $70,517.

What is the poorest city in Maine?

State Poorest Town Population
Maine Presque Isle 9,162
Maryland Cumberland 19,845
Massachusetts North Adams 13,089
Michigan Hamtramck 21,941

What jobs are in high demand in Maine?

Detailed List Of The Fastest Growing Jobs In Maine

Rank Job Title Jobs in 2024
1 Nurse Practitioner 1,470
2 Physician Assistant 1,130
3 Physical Therapist 1,560
4 Software Developer 1,740

What is the average cost of rent in Maine?

Maine Rent Trends

Average Rent Jul / 2018 Nov / 2020
Maine $1,267 $1,481
National $1,347 $1,397

Why is property so cheap in Maine?

Rural land in Maine is quite inexpensive compared to more populated areas. Part of the reason is that there remains an abundance of undeveloped land in Maine. Recreational, commercial, and long term investors can benefit from reasonably priced parcels of land for sale in Maine.

What is the median household income in Maine?

Maine Family Income. The ACS 1-year survey shows that the median family income for Maine was $72,177 in 2017. Compared to the median US family income, Maine median family income is $1,714 lower.

What is the wealthiest city in Maine?

Cumberland Foreside is a small portion of Cumberland. It bears the distinction of being the most wealthy town in Maine with a median household income of about $100,000 among its 1,200 residents.

What is the average salary in Maine?

Maine. As of Dec 14, 2020, the average annual pay for an Average in Maine is $58,015 an year. Just in case you need a simple salary calculator, that works out to be approximately $27.89 an hour. This is the equivalent of $1,116/week or $4,835/month.

What state has the lowest average income?

Mississippi has the lowest average household income — as well as the lowest median income — of all the states. Its median income for men is the second lowest in the U.S., and its median income for women is the lowest.