Knox County, Maine Income Statistics
Knox 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
Knox County Around averageAmong the top 5 wealthiest counties in Maine
Source: Map AI Methodology
Income Statistics Overview
| Metric | Knox County | Maine Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,711 | $74,723 | $80,455 |
| Median Personal Income | $53,155 | $58,018 | $60,758 |
| Average Yearly Income Growth | 4.5% | 4.9% | 4.8% |
| Six-Figure Earners | 11.8% | 11.2% | 13.9% |
| $200k+ Households | 10.4% | 9.4% | 13.2% |
The median household income in Knox County is about 1% lower than in Maine. Income has been growing slower in Knox County (4.5%/yr) than in Maine (4.9%/yr).
About 12% of adults in Knox County earn six figures ($100,000 or more) a year, higher than the Maine average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Knox County, Maine grew by 63.1% from 2009 to 2024, reaching $73,711 in 2024. That's an average of about 4.5% per year.
Income Inequality and the Gender Pay Gap in Knox County
| Metric | Knox County | Maine Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.514 | 0.510 | 0.552 |
| Male Median Income | $66,010 | $66,614 | $69,667 |
| Female Median Income | $51,025 | $55,906 | $56,850 |
| Gender Pay Gap | 22.7% | 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 Knox County, it is 0.514, 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 29% more than women's income in Knox County, Maine. Over a 35-year career, a 29% wage gap accumulates to roughly $524,475 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Knox County, Maine has narrowed from about 29% to 23% in 2024. Over that period the gap was narrowest at 15% in 2019. In dollar terms, the gap has widened by $2,556 since 2009.
Employment
| Metric | Knox County | Maine Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 3.8% | 5.2% |
| Working from Home | 16.6% | 15.9% | 15.0% |
| Commute time (minutes) | 16 | 20 | 22 |
Approximately 804 people are unemployed in Knox County, Maine.
The average commute time in Knox County is 16 minutes, shorter than the 20 minutes in Maine.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Knox County, Maine has fallen from 4.9% to 3.9% in 2024. Over that period the rate peaked at 5.7% in 2015 and fell as low as 3.1% in 2019.
Knox County, ME Wealth Compared With Nearby Counties
Knox County, ME is typical in size for this group, 41,003 residents against a local median of 40,192, so the measures below are close to a like for like comparison. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Knox County, ME an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is income growth, 8% below the local median at 4.5%/yr against 4.9%/yr. Knox County, ME has the 6th highest income growth 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. |
|---|---|---|---|---|---|
| Knox County, ME | 41,003 | $73,711 #3/6 | 4.5%/yr #6/6 | 3.9% #3/6 | 0.514 #6/6 |
| Waldo County, ME | 40,192 | $72,583 | 6.1%/yr | 3.7% | 0.499 |
| Lincoln County, ME | 36,099 | $76,791 | 4.8%/yr | 2.9% | 0.498 |
| Sagadahoc County, ME | 37,285 | $86,674 | 5.6%/yr | 4.6% | 0.490 |
| Hancock County, ME | 56,460 | $73,178 | 4.9%/yr | 4.6% | 0.506 |
| Kennebec County, ME | 126,799 | $68,834 | 4.5%/yr | 3.9% | 0.504 |
Conclusion
Considering all these factors, Knox 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 Knox County, Maine.
How Rich Is Knox County, Maine?
Knox 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 $73,711, about 1% lower than the Maine average of $74,723.
How fast is household income rising in Knox County, Maine?
Between 2009 and 2024, the median household income in Knox County, Maine rose 63%, from $45,181 to $73,711. Over the same years, income here outpaced Maine as a whole: +63% against +60%.
What was the median household income in Knox County in 2023?
In 2023, the median household income in Knox County, Maine was $72,230, up 3% from $70,314 in 2022. The Maine median that year was $72,024.
What was the median household income in Knox County in 2020?
In 2020, the median household income in Knox County, Maine was $57,676. By 2024 it had risen 28% to $73,711.
What is the Gini coefficient in Knox County, Maine?
The Gini coefficient in Knox County is 0.514. 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 Knox County, Maine?
Since 2009, the income gap between men and women in Knox County, Maine has narrowed from about 29% to 23% in 2024. Over that period the gap was narrowest at 15% in 2019. In dollar terms, the gap has widened by $2,556 since 2009.
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