Bangor, Maine Income Statistics
Bangor Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
D
Bangor Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Bangor | Maine Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,965 | $74,723 | $80,455 |
| Median Personal Income | $51,075 | $58,018 | $60,758 |
| Average Yearly Income Growth | 5.9% | 4.9% | 4.8% |
| Six-Figure Earners | 7.8% | 11.2% | 13.9% |
| $200k+ Households | 7.0% | 9.4% | 13.2% |
The median household income in Bangor is about 20% lower than in Maine. Income has been growing faster in Bangor (5.9%/yr) than in Maine (4.9%/yr).
About 8% of adults in Bangor earn six figures ($100,000 or more) a year, lower than the Maine average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Bangor, Maine grew by 54.5% from 2009 to 2024, reaching $59,965 in 2024. That's an average of about 5.9% per year.
Income Inequality and the Gender Pay Gap in Bangor
| Metric | Bangor | Maine Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.506 | 0.510 | 0.552 |
| Male Median Income | $57,723 | $66,614 | $69,667 |
| Female Median Income | $50,320 | $55,906 | $56,850 |
| Gender Pay Gap | 12.8% | 16.1% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Bangor, it is 0.506, about the same as Maine's 0.510, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 15% more than women's income in Bangor, Maine. Over a 35-year career, a 15% wage gap accumulates to roughly $259,105 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bangor, Maine has narrowed from about 14% to 13% in 2024. Over that period the gap was widest at 21% in 2022, and was narrowest at 7% in 2016. In dollar terms, the gap has widened by $1,692 since 2009.
Employment
| Metric | Bangor | Maine Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 3.8% | 5.2% |
| Working from Home | 10.1% | 15.9% | 15.0% |
| Commute time (minutes) | 12 | 20 | 22 |
Approximately 674 people are unemployed in Bangor, Maine.
The average commute time in Bangor is 12 minutes, shorter than the 20 minutes in Maine.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bangor, Maine has fallen from 6.3% to 4.0% in 2024. Over that period the rate peaked at 9.2% in 2015.
Conclusion
Considering all these factors, Bangor, Maine has an overall wealth index grade of D, making it somewhat worse than Maine, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Bangor, Maine.
How Rich Is Bangor, Maine?
Bangor has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $59,965, about 20% lower than the Maine average of $74,723.
How fast is household income rising in Bangor, Maine?
Between 2009 and 2024, the median household income in Bangor, Maine rose 55%, from $38,811 to $59,965. Over the same years, income here lagged behind Maine as a whole: +55% against +60%.
What was the median household income in Bangor in 2023?
In 2023, the median household income in Bangor, Maine was $58,639, up 10% from $53,452 in 2022. The Maine median that year was $72,024.
What was the median household income in Bangor in 2020?
In 2020, the median household income in Bangor, Maine was $47,158. By 2024 it had risen 27% to $59,965.
What is the Gini coefficient in Bangor, Maine?
The Gini coefficient in Bangor is 0.506. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Bangor, Maine?
Since 2009, the income gap between men and women in Bangor, Maine has narrowed from about 14% to 13% in 2024. Over that period the gap was widest at 21% in 2022, and was narrowest at 7% in 2016. In dollar terms, the gap has widened by $1,692 since 2009.
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