Sanford, Maine Income Statistics
Sanford 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
Sanford Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Sanford | Maine Avg | US Average |
|---|---|---|---|
| Median Household Income | $74,185 | $74,723 | $80,455 |
| Median Personal Income | $56,162 | $58,018 | $60,758 |
| Average Yearly Income Growth | 6.9% | 4.9% | 4.8% |
| Six-Figure Earners | 9.3% | 11.2% | 13.9% |
| $200k+ Households | 5.0% | 9.4% | 13.2% |
The median household income in Sanford is about 1% lower than in Maine. Income has been growing faster in Sanford (6.9%/yr) than in Maine (4.9%/yr).
About 9% of adults in Sanford 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 Sanford, Maine grew by 68.7% from 2009 to 2024, reaching $74,185 in 2024. That's an average of about 6.9% per year.
Income Inequality and the Gender Pay Gap in Sanford
| Metric | Sanford | Maine Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.492 | 0.510 | 0.552 |
| Male Median Income | $63,977 | $66,614 | $69,667 |
| Female Median Income | $52,698 | $55,906 | $56,850 |
| Gender Pay Gap | 17.6% | 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 Sanford, it is 0.492, 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 21% more than women's income in Sanford, Maine. Over a 35-year career, a 21% wage gap accumulates to roughly $394,765 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Sanford, Maine has narrowed from about 30% to 18% in 2024. Over that period the gap was widest at 39% in 2010. In dollar terms, the gap has narrowed by $2,539 since 2009.
Employment
| Metric | Sanford | Maine Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.7% | 3.8% | 5.2% |
| Working from Home | 9.8% | 15.9% | 15.0% |
| Commute time (minutes) | 26 | 20 | 22 |
Approximately 444 people are unemployed in Sanford, Maine.
The average commute time in Sanford is 26 minutes, longer than the 20 minutes in Maine.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Sanford, Maine has fallen from 8.9% to 3.7% in 2024. Over that period the rate peaked at 10.4% in 2013 and fell as low as 3.3% in 2023.
Conclusion
Considering all these factors, Sanford, 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 Sanford, Maine.
How Rich Is Sanford, Maine?
Sanford 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 $74,185, about 1% lower than the Maine average of $74,723.
Are incomes growing in Sanford, Maine?
Between 2009 and 2024, the median household income in Sanford, Maine rose 69%, from $43,974 to $74,185. Over the same years, income here outpaced Maine as a whole: +69% against +60%.
What was the median household income in Sanford in 2023?
In 2023, the median household income in Sanford, Maine was $71,489, up 1% from $70,607 in 2022. The Maine median that year was $72,024.
What was the median household income in Sanford in 2020?
In 2020, the median household income in Sanford, Maine was $58,212. By 2024 it had risen 27% to $74,185.
What is the Gini coefficient in Sanford, Maine?
The Gini coefficient in Sanford is 0.492. 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 Sanford, Maine?
Since 2009, the income gap between men and women in Sanford, Maine has narrowed from about 30% to 18% in 2024. Over that period the gap was widest at 39% in 2010. In dollar terms, the gap has narrowed by $2,539 since 2009.
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