Hancock County, Maine Income Statistics
Hancock County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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B
Hancock County Around averageAmong the top 5 wealthiest counties in Maine
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hancock County | Maine Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,178 | $74,723 | $80,455 |
| Median Personal Income | $54,068 | $58,018 | $60,758 |
| Average Yearly Income Growth | 4.9% | 4.9% | 4.8% |
| Six-Figure Earners | 10.4% | 11.2% | 13.9% |
| $200k+ Households | 8.0% | 9.4% | 13.2% |
The median household income in Hancock County is about 2% lower than in Maine. Income has been growing slower in Hancock County (4.9%/yr) than in Maine (4.9%/yr).
About 10% of adults in Hancock County 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 Hancock County, Maine grew by 49.9% from 2009 to 2024, reaching $73,178 in 2024. That's an average of about 4.9% per year.
Income Inequality and the Gender Pay Gap in Hancock County
| Metric | Hancock County | Maine Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.506 | 0.510 | 0.552 |
| Male Median Income | $62,128 | $66,614 | $69,667 |
| Female Median Income | $52,495 | $55,906 | $56,850 |
| Gender Pay Gap | 15.5% | 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 Hancock County, 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 18% more than women's income in Hancock County, Maine. Over a 35-year career, a 18% wage gap accumulates to roughly $337,155 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hancock County, Maine has narrowed from about 23% to 16% in 2024. Over that period the gap was widest at 25% in 2015, and was narrowest at 14% in 2021. In dollar terms, the gap has widened by $155 since 2009.
Employment
| Metric | Hancock County | Maine Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.6% | 3.8% | 5.2% |
| Working from Home | 13.7% | 15.9% | 15.0% |
| Commute time (minutes) | 21 | 20 | 22 |
Approximately 1,334 people are unemployed in Hancock County, Maine.
The average commute time in Hancock County is 21 minutes, longer than the 20 minutes in Maine.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hancock County, Maine has fallen from 7.4% to 4.6% in 2024. Over that period the rate peaked at 8.2% in 2013 and fell as low as 3.6% in 2020.
Hancock County, ME Wealth Compared With Nearby Counties
Hancock County, ME is the 2nd largest of the 6 counties compared here, 56,460 residents against a local median of 40,192. Where Hancock County, ME breaks from the counties next to it is unemployment, sitting 23% above the local median of 3.7% at 4.6%. That is the weaker end of the local range on this measure.
The counties themselves spread 3.4% on unemployment, so Hancock County, ME sits at one end of an already wide local range rather than apart from it. Hancock County, ME has the 5th lowest unemployment of the 6 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Hancock County, ME | 56,460 | $73,178 #3/6 | 4.9%/yr #3/6 | 4.6% #5/6 | 0.506 #3/6 |
| Waldo County, ME | 40,192 | $72,583 | 6.1%/yr | 3.7% | 0.499 |
| Knox County, ME | 41,003 | $73,711 | 4.5%/yr | 3.9% | 0.514 |
| Washington County, ME | 31,330 | $56,734 | 4.7%/yr | 6.3% | 0.522 |
| Penobscot County, ME | 154,700 | $66,372 | 4.9%/yr | 3.6% | 0.523 |
| Lincoln County, ME | 36,099 | $76,791 | 4.8%/yr | 2.9% | 0.498 |
Conclusion
Considering all these factors, Hancock County, Maine has an overall wealth index grade of B, making it somewhat better than Maine, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Hancock County, Maine.
How Rich Is Hancock County, Maine?
Hancock County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $73,178, about 2% lower than the Maine average of $74,723.
Are incomes growing in Hancock County, Maine?
Between 2009 and 2024, the median household income in Hancock County, Maine rose 50%, from $48,817 to $73,178. Over the same years, income here lagged behind Maine as a whole: +50% against +60%.
What was the median household income in Hancock County in 2023?
In 2023, the median household income in Hancock County, Maine was $69,856, up 8% from $64,734 in 2022. The Maine median that year was $72,024.
What was the median household income in Hancock County in 2020?
In 2020, the median household income in Hancock County, Maine was $58,717. By 2024 it had risen 25% to $73,178.
What is the Gini coefficient in Hancock County, Maine?
The Gini coefficient in Hancock County 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 Hancock County, Maine?
Since 2009, the income gap between men and women in Hancock County, Maine has narrowed from about 23% to 16% in 2024. Over that period the gap was widest at 25% in 2015, and was narrowest at 14% in 2021. In dollar terms, the gap has widened by $155 since 2009.
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