Maine - Income



According to the Bureau of Economic Analysis, in 2001, Maine had a per capita personal income (PCPI) of $26,853 which ranked 35th in the United States (including the District of Columbia) and was 88% of the national average, $30,413. The 2001 PCPI reflected an increase of 4.4% from 2000 compared to the national change of 2.2%. In 2001, Maine had a total personal income (TPI) of $34,491,316,000 which ranked 41st in the United States and accounted for 0.4% of the national total. The 2001 TPI reflected an increase of 4.9% from 2000 compared to the national change of 3.3%.

Earnings of persons employed in Maine increased from $22,012,300,000 in 2000 to $22,966,978,000 in 2001, an increase of 4.3%. The largest industries in 2001 were services, 29.1% of earnings; state and local government, 13.0%; and retail trade, 11.8%. Of the industries that accounted for at least 5% of earnings in 2001, the slowest growing from 2000 to 2001 was nondurable goods manufacturing (7.1% of earnings in 2001), which decreased 4.8%; the fastest was finance, insurance, and real estate (7.0% of earnings in 2001), which increased 7.2%.

According to data released by the US Census Bureau, in 2000, the median household income was $41,597 compared to the national average of $42,148. In 2001, the median income for a family of four was $58,425 compared to the national average of $63,278. For the period 1999 to 2001, the average poverty rate was 10.3% which placed it 25th among the 50 states and the District of Columbia ranked lowest to highest.



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