Biddeford, Maine Income Statistics
Biddeford 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.
-
C
Biddeford Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Biddeford | Maine Avg | US Average |
|---|---|---|---|
| Median Household Income | $72,002 | $74,723 | $80,455 |
| Median Personal Income | $49,564 | $58,018 | $60,758 |
| Average Yearly Income Growth | 5.5% | 4.9% | 4.8% |
| Six-Figure Earners | 9.2% | 11.2% | 13.9% |
| $200k+ Households | 7.0% | 9.4% | 13.2% |
The median household income in Biddeford is about 4% lower than in Maine. Income has been growing faster in Biddeford (5.5%/yr) than in Maine (4.9%/yr).
About 9% of adults in Biddeford 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 Biddeford, Maine grew by 71.9% from 2009 to 2024, reaching $72,002 in 2024. That's an average of about 5.5% per year.
Income Inequality and the Gender Pay Gap in Biddeford
| Metric | Biddeford | Maine Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.511 | 0.510 | 0.552 |
| Male Median Income | $58,377 | $66,614 | $69,667 |
| Female Median Income | $49,397 | $55,906 | $56,850 |
| Gender Pay Gap | 15.4% | 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 Biddeford, it is 0.511, 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 18% more than women's income in Biddeford, Maine. Over a 35-year career, a 18% wage gap accumulates to roughly $314,300 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Biddeford, Maine has narrowed from about 28% to 15% in 2024. Over that period the gap was widest at 31% in 2010, and was narrowest at 12% in 2013. In dollar terms, the gap has narrowed by $2,044 since 2009.
Employment
| Metric | Biddeford | Maine Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.1% | 3.8% | 5.2% |
| Working from Home | 14.2% | 15.9% | 15.0% |
| Commute time (minutes) | 21 | 20 | 22 |
Approximately 413 people are unemployed in Biddeford, Maine.
The average commute time in Biddeford is 21 minutes, longer than the 20 minutes in Maine.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Biddeford, Maine has fallen from 8.1% to 3.1% in 2024. Over that period the rate fell as low as 3.0% in 2023.
Biddeford, ME Wealth Compared With Nearby Cities
How Biddeford, ME compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Biddeford, ME | 22,492 | $72,002 #2/2 | 5.5%/yr #1/2 | 3.1% #2/2 | 0.511 #2/2 |
| Saco, ME | 20,819 | $90,773 | 5.4%/yr | 2.1% | 0.472 |
Conclusion
Considering all these factors, Biddeford, Maine has an overall wealth index grade of C, making it about on par with Maine, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Biddeford, Maine.
How Rich Is Biddeford, Maine?
Biddeford has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $72,002, about 4% lower than the Maine average of $74,723.
How has median household income changed in Biddeford, Maine?
Between 2009 and 2024, the median household income in Biddeford, Maine rose 72%, from $41,885 to $72,002. Over the same years, income here outpaced Maine as a whole: +72% against +60%.
What was the median household income in Biddeford in 2023?
In 2023, the median household income in Biddeford, Maine was $68,640, up 7% from $64,110 in 2022. The Maine median that year was $72,024.
What was the median household income in Biddeford in 2020?
In 2020, the median household income in Biddeford, Maine was $54,934. By 2024 it had risen 31% to $72,002.
What is the Gini coefficient in Biddeford, Maine?
The Gini coefficient in Biddeford is 0.511. 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 Biddeford, Maine?
Since 2009, the income gap between men and women in Biddeford, Maine has narrowed from about 28% to 15% in 2024. Over that period the gap was widest at 31% in 2010, and was narrowest at 12% in 2013. In dollar terms, the gap has narrowed by $2,044 since 2009.
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