Portland, Maine Income Statistics
Portland 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.
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B
Portland Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Portland | Maine Avg | US Average |
|---|---|---|---|
| Median Household Income | $79,327 | $74,723 | $80,455 |
| Median Personal Income | $61,568 | $58,018 | $60,758 |
| Average Yearly Income Growth | 6.5% | 4.9% | 4.8% |
| Six-Figure Earners | 15.1% | 11.2% | 13.9% |
| $200k+ Households | 11.8% | 9.4% | 13.2% |
The median household income in Portland is about 6% higher than in Maine. Income has been growing faster in Portland (6.5%/yr) than in Maine (4.9%/yr).
About 15% of adults in Portland 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 Portland, Maine grew by 80.8% from 2009 to 2024, reaching $79,327 in 2024. That's an average of about 6.5% per year.
Income Inequality and the Gender Pay Gap in Portland
| Metric | Portland | Maine Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.483 | 0.510 | 0.552 |
| Male Median Income | $67,997 | $66,614 | $69,667 |
| Female Median Income | $62,993 | $55,906 | $56,850 |
| Gender Pay Gap | 7.4% | 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 Portland, it is 0.483, lower than Maine's 0.510, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 8% more than women's income in Portland, Maine. Over a 35-year career, a 8% wage gap accumulates to roughly $175,140 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Portland, Maine has narrowed from about 12% to 7% in 2024. Over that period the gap was widest at 14% in 2017, and was narrowest at 5% in 2012. In dollar terms, the gap has narrowed by $289 since 2009.
Employment
| Metric | Portland | Maine Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 3.8% | 5.2% |
| Working from Home | 24.7% | 15.9% | 15.0% |
| Commute time (minutes) | 16 | 20 | 22 |
Approximately 1,766 people are unemployed in Portland, Maine.
The average commute time in Portland is 16 minutes, shorter than the 20 minutes in Maine.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Portland, Maine has fallen from 6.1% to 4.2% in 2024. Over that period the rate peaked at 7.6% in 2013 and fell as low as 2.8% in 2019.
Portland, ME Wealth Compared With Nearby Cities
How Portland, 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. |
|---|---|---|---|---|---|
| Portland, ME | 68,646 | $79,327 #2/2 | 6.5%/yr #1/2 | 4.2% #2/2 | 0.483 #2/2 |
| South Portland, ME | 26,562 | $86,747 | 5.4%/yr | 2.6% | 0.480 |
Conclusion
Considering all these factors, Portland, 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 Portland, Maine.
How Rich Is Portland, Maine?
Portland 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 $79,327, about 6% higher than the Maine average of $74,723.
How fast is household income rising in Portland, Maine?
Between 2009 and 2024, the median household income in Portland, Maine rose 81%, from $43,880 to $79,327. Over the same years, income here outpaced Maine as a whole: +81% against +60%.
What was the median household income in Portland in 2023?
In 2023, the median household income in Portland, Maine was $75,970, up 5% from $72,354 in 2022. The Maine median that year was $72,024.
What was the median household income in Portland in 2020?
In 2020, the median household income in Portland, Maine was $62,375. By 2024 it had risen 27% to $79,327.
Is Portland, Maine a high-income area?
Yes. 15% of adults in Portland, Maine earn $100,000 or more a year (about 1 in 7), against 11% (about 1 in 9) in Maine. 12% of households have a combined income of $200,000 or more, compared with 9% in Maine.
What is the Gini coefficient in Portland, Maine?
The Gini coefficient in Portland is 0.483. 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 Portland, Maine?
Since 2009, the income gap between men and women in Portland, Maine has narrowed from about 12% to 7% in 2024. Over that period the gap was widest at 14% in 2017, and was narrowest at 5% in 2012. In dollar terms, the gap has narrowed by $289 since 2009.
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